277 S Spalding Drive 303, Beverly Hills, California 90212, Beverly Hills, 90212 - 2 bed, 3 bath
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Beverly Hills, California 90212
This Distressed Developer Opportunity is listed at $1,250,000, positioned near its $1,148,861 Fair Market Value. Despite its Significant Distress Condition Rating, this 1,926-square-foot corner layout offers immense upside as the court-ordered receivership has prioritized this specific unit for structural and water intrusion remediation. Available at a seller's loss in a premier Beverly Hills location, the property features a large kitchen and French door windows, providing a strong foundation for forced appreciation. This complex asset is a high-potential acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 S Spalding Drive 303 Subject | $1,250,000* List Price | 2 | 3 | 1,926 | $597 | - |
A 353 S Reeves Drive 202 Sold | $1,305,000 | 3 | 4 | 1,807 | $722 | 0.6 mi |
B 450 S Maple Drive 403 Active | $1,095,000 List Price | 2 | 3 | 1,770 | $619 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in a state of significant distress and requires substantial rehabilitation. The building is currently under court-ordered receivership to address major structural repairs and water intrusion remediation, with exterior images showing extensive plastic sheeting over windows. Interior photos reveal a unit mid-remediation with unfinished walls, missing light fixtures, peeling paint, and protected surfaces, indicating it is not in move-in condition. While the kitchen features a center island and stainless appliances, the overall cabinetry and style are dated from the original 1994 construction and the space is currently a construction zone.
Situated in a premier 90212 neighborhood, this property offers exceptional long-term value and prestige within walking distance of world-class amenities.
As a front corner unit spanning nearly 2,000 square feet, the floor plan maximizes natural light and features a large kitchen with a center island and elegant French door windows.
The unit has been granted court-ordered priority for ongoing repairs and remediation, offering a strategic advantage for investors looking to capitalize on a distressed asset.
The association is currently under court-ordered receivership, indicating significant legal and financial complexities that may impact management and financing options.
The building requires extensive remediation for water intrusion and structural repairs, posing high risk and requiring substantial additional investment from the buyer.
Bring your developers or investors. Available at sellers' loss. HOA is currently under ongoing Los Angeles County Superior Court ordered receivership (as of April 2023) with oversight for repairs, which has ordered priority (as of November 2024) to be given to unit #303 and another. Legal paper work can be made available for review for serious buyers. Buyers' investigation should include, but not limited to, repairs to the south side of the building, structural repairs and water intrusion remediation, and review of Los Angeles Superior Court files. #cityofbevhills. Light and bright front corner unit of 2 bedrooms and 2.5 bathrooms in an 11 unit building in premier and coveted Beverly Hills location. Large kitchen with center island. Living room and dining room combo with French door windows. Center hall with powder room/half bath. Also includes a private large storage room. HOA fee presently abated. Remediation is underway
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,926 | 1,926 | 50% |
| Lot Size | 13,227 | 13,227 | 50% |
| Price | $1.25M | $1.59M | 27% |
| Price per sq ft | $649 | $886 | 20% |
| Built year | 1994 | 1994 | 50% |
| HOA | $5203.0 | $2.9K | 67% |
| Days on market | 28 | 92 | 7% |
Mar 25, 2026
$1,250,000
Initial Listing
Sep 5, 2002
$685,000
Public Record
Jul 3, 1997
$485,000
Public Record
Oct 13, 1995
$435,000
Public Record