2654 Basil Lane, Los Angeles, California 90077, Los Angeles, 90077 - 3 bed, 3 bath
2654 Basil Lane
Los Angeles, California 90077
Property Price
SUMMARY
Analysis of 2654 Basil Lane, Los Angeles, California 90077 reveals a property with a current list price of $1,795,000, which is 14% above the estimated $1,533,082 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2654 Basil Lane Subject | $1,795,000* List Price | 3 | 3 | 2,359 | $650 | - |
A 3018 Nicada Drive Sold | $1,888,000 | 3 | 2 | 2,650 | $712 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1977, the property's kitchen and bathrooms are significantly outdated, featuring original or very old renovations (likely 30-40+ years ago) with tiled countertops, dark wood cabinets, and dated fluorescent lighting. These areas require substantial rehabilitation to meet current standards. While the overall structure appears maintained, the critical interior components are well past their aesthetic and functional prime, aligning with the 'poor' condition criteria for needing major updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 133378, living area = 2359.
- Prime Location & Community
Located in the highly sought-after Bel Air Ridge HOA, offering proximity to prestigious private schools, Roscomare Road Elementary School district, and Beverly Glen Shopping Center.
- Exceptional HOA Amenities
Residents enjoy resort-style amenities including two pools, a spa, state-of-the-art gym, tennis, pickleball, basketball, and racquetball courts, a clubhouse, and private parks.
CONSRISKS & DEFICIENCIES
- Decorative Fireplaces
Both fireplaces are explicitly stated to be decorative, meaning they do not provide functional heating or traditional ambiance.
- High HOA Fees
The association fee of $565.0 per month is substantial and adds significantly to the overall monthly cost of homeownership.
- Market Re-entry Signal
The property being 'Just Reduced and Brought Back to Market' could indicate previous challenges in selling or potential buyer concerns, which may warrant further investigation.
About 2654 Basil Lane
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 133,378 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $565.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 3.0 | 4.0 | 46% |
| Square foot | 2,359 | 2,842 | 27% |
| Lot Size | 133,378 | 25,100.5 | 88% |
| Price | $1.79M | $2.73M | 17% |
| Price per sq ft | $761 | $904 | 15% |
| Built year | 1977 | 1965 | 60% |
| HOA | $565.0 | $0 | 73% |
| Days on market | 66 | 194 | 6% |
Pricing History
Listed for Sale
Dec 30, 2025
$1,795,000
Initial Listing