2521 La Condesa Drive, Los Angeles, California 90049, Los Angeles, 90049 - 3 bed, 2 bath
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Los Angeles, California 90049
This Mid-Century Modern Value-Add Asset is listed at $2,499,000, reflecting the premium demand for Mandeville Canyon real estate despite a $2,361,709 Fair Market Value. The property carries a Dated Condition Rating, presenting a significant opportunity for forced appreciation through a comprehensive luxury remodel. Its primary value lies in the expansive 26,278 sq. ft. lot, 1969 architectural foundation, and unobstructed mountain views. Located within the 9/10 rated Fairburn Avenue Elementary zone, this is a high-potential acquisition for Luxury Developers or Custom Home Builders seeking a premier redevelopment site.
Property is moderate renovation needed.
Built in 1969, this property is explicitly marketed as a 'refresh' or 'remodel' opportunity. While the home is well-maintained and staged, the kitchen and bathrooms are dated, featuring older tile countertops, cabinetry, and fixtures likely exceeding 20-30 years in age. The systems and finishes require modernization to meet current luxury standards for the area.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26278, living area = 2016.
Elementary School: Fairburn Avenue Elementary School (9/10).
Situated on an oversized 26,270 square foot lot in Mandeville Canyon, this property offers rare and significant potential for expansion, redevelopment, or a complete luxury estate transformation.
The home is in original condition and requires a comprehensive refresh or remodel, which will necessitate a substantial additional capital investment beyond the purchase price.
Built in 1969, the property likely features aging systems and finishes that may not meet modern energy efficiency or luxury standards without a full-scale modernization.
Nestled on a quiet dead end street, 2521 La Condesa Drive presents a rare opportunity to reimagine a classic 1969 Mid-Century Modern ranch. Spanning approximately 2,016 square feet, this single-story home sits on an oversized 26,270 square foot lot, offering endless potential for expansion, renovation, or redevelopment. The home features 3 bedrooms and 2 bathrooms, with a functional floor plan, generous living spaces, and large windows that invite in natural light and nature. True to its mid-century roots, the property showcases clean lines and a seamless indoor-outdoor flow. Enjoy beautiful mountain views from the property, along with a private jacuzzi perfectly positioned to take in the serene backdrop.Ready for a refresh, this is a unique opportunity to restore, or remodel in the desirable Mandeville Canyon location.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades PK-5 • 3.1 mi
Grades K-5 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 2.0 | 4.0 | 11% |
| Square foot | 2,016 | 3,201 | 15% |
| Lot Size | 26,278 | 11,147 | 80% |
| Price | $2.50M | $3.90M | 20% |
| Price per sq ft | $1.2K | $1.4K | 36% |
| Built year | 1969 | 1956 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 192 | 2% |
Apr 20, 2026
$2,499,000
Initial Listing