2887 Hollyridge Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 3 bath
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Los Angeles, California 90068
This Hillside Development Opportunity is listed at $1,695,000, positioned in the heart of the iconic Beachwood Canyon. Although priced above the $1,485,808 Fair Market Value, the valuation accounts for an additional adjacent parcel and a Condition Rating of 5, signaling a property "ready to be reimagined." The site captures sweeping canyon views and features a sparkling pool near top-rated schools like Valley View Elementary and John Marshall Senior High. This is a strategic asset acquisition for Value-Add Investors or Developers looking to maximize ROI through a custom architectural renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2887 Hollyridge Drive Subject | $1,695,000* List Price | 3 | 3 | 3,000 | $495 | - |
A 6324 Grape Pending | $1,199,000 List Price | 4 | 3 | 2,383 | $503 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, this property is explicitly marketed as an investment opportunity 'ready to be reimagined.' The interior features significantly outdated elements, including a galley kitchen with dated tile countertops and a bathroom with 1970s-style red tiling and a sunken tub. The flooring consists of worn parquet and aged carpeting that requires replacement. While the structure appears intact, the overall condition, weathered exterior decking, and the agent's focus on development potential indicate that the home requires substantial rehabilitation and modernization of all major systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13000, living area = 3000.
Situated in the heart of Beachwood Canyon near the Hollywood Sign, this property offers a rare walkable lifestyle with immediate access to Beachwood Village, the local market, and scenic hiking trails.
The sale includes an additional adjacent parcel, providing a rare two-lot hillside footprint that allows for substantial expansion, remodeling, or the creation of a custom architectural masterpiece to maximize value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13000, other record lot size in square feet = 6992.
Marketed as an investment opportunity 'ready to be reimagined,' the 1960s-built residence likely requires significant capital expenditure to modernize and meet contemporary luxury standards.
Developing or expanding on a hillside lot in Los Angeles involves complex engineering, potentially high foundation costs, and rigorous permitting processes that may increase the project's timeline and budget.
Exceptional investment opportunity in the highly sought-after Beachwood Canyon, moments from the iconic Hollywood Sign and the charm of Beachwood Village. This rare two-lot hillside property offers sweeping canyon views, a sparkling pool, and endless potential to create a truly special retreat.Perched above the beloved Beachwood Market and Beachwood Caf, the home places you in the heart of one of Los Angeles' most storied and walkable neighborhoods, where morning coffee, sunset hikes, and city convenience seamlessly blend with canyon tranquility.The existing two-story residence features two fireplaces, a flexible basement space ideal for expansion, studio, or creative use, and a layout ready to be reimagined. With the additional parcel (APN #5583-015-015), this property presents a unique opportunity to remodel, expand, or develop further maximizing views and enhancing long-term value.Whether you envision a modern architectural showpiece, a luxury rental, or a personalized hillside sanctuary, this is a rare chance to add significant value in one of Hollywood's most iconic enclaves.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,000 | 2,402.5 | 71% |
| Lot Size | 13,000 | 7,163.5 | 78% |
| Price | $1.70M | $1.97M | 38% |
| Price per sq ft | $565 | $887 | 10% |
| Built year | 1960 | 1949 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 196 | 1% |
Apr 15, 2026
$1,695,000
Initial Listing
Mar 17, 2026
$1,800,000
Initial Listing
Sep 28, 2004
$890,000
Public Record