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2654 Basil Lane, Los Angeles, California 90077, Los Angeles, 90077 - 3 bed, 3 bath

2654 Basil Lane, Los Angeles, California 90077 home-pic-0
ACTIVE$1,995,000
2654 Basil Lane, Los Angeles, California 90077
3Beds
3Baths
2,359Sqft
133,378Lot

Price Vs. Estimate

The estimated value ($1,795,847.74) is $199,152.26 (9%) lower than the list price ($1,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & HOA: Located in the highly sought-after Bel Air Ridge HOA, offering a prestigious address and community benefits.
Top Cons:
Overpriced Relative to Estimated Value: The current listing price is significantly higher (21% above) the property's estimated value, which may deter potential buyers seeking fair market value.

Compared to the nearby listings

Price:$2.00M vs avg $3.37M ($-1,377,500)24%
Size:2,359 sqft vs avg 3,409 sqft25%
Price/sqft:$846 vs avg $92034%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, this property shows its age, particularly in the kitchen and bathrooms. The kitchen features very dated wooden cabinetry, tiled countertops, hexagonal terracotta-style floor tiles, and an outdated fluorescent panel ceiling, indicating a need for a full renovation. Bathrooms also present an older aesthetic with small, light-colored tiles and aluminum-framed shower enclosures. While the exterior and some living areas (like the dining room with its vaulted ceiling and mentioned hardwood floors) appear well-maintained, the critical areas require significant updates to meet current standards.
Year Built
1977
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$846
HOA
$565
Days on market
-
Sold On
-
MLS number
25599211
Home ConditionFair
Features
Good View: Canyon, Mountain(s)
Patio
ViewCanyon, Mountain(s)

About this home

Just Reduced and Brought Back to Market! Located in sought after Bel Air Ridge HOA. The Primary bedroom sits on the first floor along with 2 bedrooms and a bathroom upstairs. Large living room with fireplace and hardwood floors. Spacious family room with fireplace and dining area that leads to beautiful gardens and vistas facing east. Plethora of windows that provide natural light throughout the home. Bel Air Ridge enjoys resort style amenities including 2 pools, spa, state of the art gym, tennis courts, pickleball courts, basketball court, racquetball court, club house along with private parks. Security is provided by a 24/7 patrol car, Roscomare Road Elementary School district, close to prestigious private schools, and close to Beverly Glen Shopping Center. Fireplaces are to be considered decorative.

Condition Rating
Fair
Built in 1977, this property shows its age, particularly in the kitchen and bathrooms. The kitchen features very dated wooden cabinetry, tiled countertops, hexagonal terracotta-style floor tiles, and an outdated fluorescent panel ceiling, indicating a need for a full renovation. Bathrooms also present an older aesthetic with small, light-colored tiles and aluminum-framed shower enclosures. While the exterior and some living areas (like the dining room with its vaulted ceiling and mentioned hardwood floors) appear well-maintained, the critical areas require significant updates to meet current standards.
Pros & Cons

Pros

Prime Location & HOA: Located in the highly sought-after Bel Air Ridge HOA, offering a prestigious address and community benefits.
Resort-Style Amenities: Residents enjoy access to extensive resort-style amenities including 2 pools, spa, state-of-the-art gym, tennis, pickleball, basketball, and racquetball courts, a clubhouse, and private parks.
Enhanced Security: The community benefits from 24/7 patrol car security, providing an added layer of safety and peace of mind.
Abundant Natural Light & Vistas: A plethora of windows ensures natural light throughout the home, complemented by beautiful gardens and east-facing vistas, including Canyon and Mountain views.
Excellent School District & Convenience: Zoned for Roscomare Road Elementary School district, close to prestigious private schools, and conveniently located near Beverly Glen Shopping Center.

Cons

Overpriced Relative to Estimated Value: The current listing price is significantly higher (21% above) the property's estimated value, which may deter potential buyers seeking fair market value.
Non-Functional Fireplaces: All fireplaces are explicitly stated to be decorative, which could be a drawback for buyers desiring functional heating or ambiance.
Potential for Updates & Market History: Built in 1977 and recently 'Just Reduced and Brought Back to Market,' suggesting the property may require updates to meet modern buyer expectations or has faced challenges in previous market attempts.

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