3120 Elvido Drive, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 5 bath
ACTIVE$2,100,000$3,800/sqft
3120 Elvido Drive, Los Angeles, California 90049
4Beds
5Baths
3,800Sqft
11,731Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Top Cons:
Condition of Existing Structure: The 1967-built single-story home likely requires extensive remodeling or demolition for new construction, indicating a substantial upfront investment beyond the purchase price.
Compared to the nearby listings
Price:$2.10M vs avg $3.88M ($-1,775,000)8%
Size:3,800 sqft vs avg 3,138 sqft65%
Price/sqft:$553 vs avg $1.3K2%
More Insights
Built in 1967 (59 years old).
Condition: The property was built in 1967, making it 57 years old. The listing explicitly states it presents an 'ideal opportunity for either a remodel or the construction of a brand-new estate,' with new construction permits expected. Images reveal a severely outdated interior, including a kitchen with original-era cabinetry, laminate countertops, and old appliances, and bathrooms with dated tiles and fixtures. The overall condition strongly suggests no major renovations have occurred in the past 50 years, indicating the existing structure is a candidate for demolition or a complete gut renovation. The property's value is clearly based on the land and its potential for redevelopment.
Year Built
1967
Close
-
List price
$2.1M
Original List price
$2.7M
Price/Sqft
$553
HOA
$1,750
Days on market
-
Sold On
-
MLS number
24456911
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Peek-A-Boo
Patio
ViewCity Lights,Hills,Mountain(s),Peek-A-Boo
About this home
Discover the huge potential of this exceptional single-story home in the coveted Bel Air Skycrest community! With stunning panoramic city and hillside views, this private and peaceful four bedroom, 5 bathroom gem presents an ideal opportunity for either a remodel or the construction of a brand-new estate. Permits for a new construction home are expected within days and may be delivered prior to close of escrow. The property combines tranquility and security with convenient access to Beverly Hills, Bel Air, Brentwood, and the Valley, making it ideally located for those seeking ease and accessibility. Families will appreciate its location within the award-winning Roscomare Road Elementary district and its proximity to some of Los Angeles' top private schools. Whether you enhance the existing home or build your dream residence, this property represents a rare chance to create a masterpiece in one of Bel Air's most sought-after neighborhoods.
A
Aram Afshar
Listing Agent
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•1.4mi
9/10
Roscomare Road Elementary School
Public,•K-5•1.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.2mi
5/10
Brentwood Science School
Public,•K-5•5.5mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•5.9mi
5/10
Brockton Avenue Elementary School
Public,•K-5•6.0mi
9/10
Franklin Elementary School
Public,•PK-5•6.2mi
7/10
Nora Sterry Elementary School
Public,•K-5•6.3mi
6/10
Gaspar De Portola Middle School
Public,•6-8•4.0mi
5/10
William Mulholland Middle School
Public,•6-8•4.3mi
8/10
Lincoln Middle School
Public,•6-8•6.9mi
6/10
Van Nuys Senior High School
Public,•9-12•4.6mi
6/10
University Senior High School
Public,•9-12•6.0mi
6/10
University Senior High School Charter
Public,•9-12•6.0mi
8/10
Santa Monica High School
Public,•9-12•8.1mi
Price History
Date
Event
Price
11/15/04
Sold
$1,675,000
Condition Rating
Tear down
The property was built in 1967, making it 57 years old. The listing explicitly states it presents an 'ideal opportunity for either a remodel or the construction of a brand-new estate,' with new construction permits expected. Images reveal a severely outdated interior, including a kitchen with original-era cabinetry, laminate countertops, and old appliances, and bathrooms with dated tiles and fixtures. The overall condition strongly suggests no major renovations have occurred in the past 50 years, indicating the existing structure is a candidate for demolition or a complete gut renovation. The property's value is clearly based on the land and its potential for redevelopment.
Pros & Cons
Pros
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Prime Location & Accessibility: Situated in the coveted Bel Air Skycrest community, offering convenient access to Beverly Hills, Bel Air, Brentwood, and the Valley, making it one of Bel Air's most sought-after neighborhoods.
Exceptional Development Opportunity: Presents an ideal opportunity for either a significant remodel or the construction of a brand-new estate, with new construction permits expected to be delivered prior to close of escrow, significantly de-risking the development process.
Panoramic City & Hillside Views: Boasts stunning panoramic city and hillside views, enhancing the property's appeal and potential value for a custom-built residence.
Top-Tier School District: Located within the highly-rated Roscomare Road Elementary district and in close proximity to several of Los Angeles' top private schools, appealing to families.
Privacy and Peaceful Environment: Offers a private and peaceful setting, providing a tranquil living environment within a prestigious Los Angeles neighborhood.
Cons
Condition of Existing Structure: The 1967-built single-story home likely requires extensive remodeling or demolition for new construction, indicating a substantial upfront investment beyond the purchase price.
Significant Price Adjustment: The property has undergone a substantial price reduction from its original list price of $2.699M to $2.1M, which may suggest initial overpricing or market resistance.
Ongoing Association Fees: The property is subject to an annual association fee of $1750, adding to the recurring costs of homeownership.