248 N Glenroy Avenue, Los Angeles, California 90049, Los Angeles, 90049 - 5 bed, 6 bath
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Los Angeles, California 90049
This Rare Mid-Century Development Estate represents a High-Potential Investment Opportunity with a List Price of $8,995,000—positioned well below the $10,076,352 Fair Market Value by 10%. This valuation gap provides $1,081,352 in Instant Equity. While the existing residence maintains a Condition Rating of 4, the primary value lies in the 1.5-acre flat lot and architectural concepts for a 14,000-square-foot compound. Featuring a resort-style pool and panoramic ocean views, this asset is a premier acquisition for Luxury Developers or Visionary Owner-Builders.
Property is moderate renovation needed.
Built in 1951, this mid-century estate is well-maintained and livable but features dated interior elements such as parquet flooring and older cabinetry. While the pool and outdoor areas appear recently renovated, the main structure and systems are significantly aged, and the listing's mention of architectural plans for a new 14,000-square-foot compound suggests the current improvements are nearing the end of their functional life for the price point.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 62499, living area = 4899.
Situated on 1.5 rare flat acres in Lower Bel Air, this property offers an exceptionally large and usable footprint that is highly coveted and difficult to find in this hillside neighborhood.
With prior architectural concepts by SAOTA for a 14,000-square-foot compound, the estate presents a massive opportunity for developers or owner-users to create a world-class generational legacy home.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1951, the current 4,899-square-foot residence may require substantial modernization or a complete rebuild to align with the luxury standards of the surrounding Bel Air market.
The sprawling 1.5-acre resort-like grounds, including the tennis court, basketball court, and pool, necessitate significant and costly ongoing upkeep and management.
A rare Mid-Century tennis court estate in Lower Bel Air, set on 1.5 flat acres with sweeping ocean views. Completely private and gated, with sprawling, resort-like grounds. Currently offering 5 bedrooms and 6 baths, with prior architectural concepts by SAOTA for a nearly 14,000-square-foot generational compound. The Glenroy Estate features a resort-style pool, paddle tennis and basketball court, expansive west-facing views from city to ocean, and off-street parking for over 20 cars. An exceptional offering with both immediate livability and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 61% |
| Baths | 6.0 | 4.0 | 67% |
| Square foot | 4,899 | 3,239 | 76% |
| Lot Size | 62,499 | 11,147 | 95% |
| Price | $8.99M | $4.00M | 80% |
| Price per sq ft | $1.8K | $1.4K | 83% |
| Built year | 1951 | 1956 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 192 | 2% |
Apr 16, 2026
$8,995,000
Initial Listing
Oct 19, 2021
$8,400,000
Public Record
Sep 21, 2020
$7,900,000
Public Record
Oct 6, 2017
$5,340,000
Public Record