
Los Angeles, California 90049
This property presents a High-Potential Investment Opportunity with a List Price of $12,495,000—positioned well below the $12,570,071 Fair Market Value by 0.6%. Featuring Ready to Issue (RTI) plans for an 8,200-square-foot estate, this Condition Rating 6 asset offers significant development upside. The expansive 33,748-square-foot lot provides Canyon and Mountain views in a prime Brentwood location near top-rated schools like Fairburn Avenue Elementary. This is an ideal acquisition for Luxury Developers or High-Net-Worth Owner-Occupants seeking to build a world-class compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 357 N Carmelina Avenue Subject 4 bd · 6 ba · 4,851 sqft · $2,591 | $12,495,000* List Price | 4 | 6 | 4,851 | $2,591 | - |
A 121 S Rockingham Avenue Pending 4 bd · 6 ba · 4,118 sqft · $2,635 · 0.6 mi | $10,850,000 List Price | 4 | 6 | 4,118 | $2,635 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a significant development opportunity with Ready to Issue (RTI) plans for a new 8,200-square-foot estate. The existing residence was built in 1930 (>50 years old) with no noted renovations, and the listing indicates it is paving the way for the site's next chapter, focusing almost entirely on the land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33748, living area = 4851.
Elementary School: Fairburn Avenue Elementary School (9/10).
The property includes Ready to Issue (RTI) plans by KAA Design for an 8,200-square-foot estate, significantly accelerating the construction timeline and reducing entitlement risk for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4851, other record living area = 4513. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The $12.5M list price is primarily for the land and plans, requiring a substantial capital outlay for the actual construction of the proposed luxury compound.
The current 4,800-square-foot residence built in 1930 likely serves as a teardown or requires a total renovation to match the caliber and value of the surrounding legacy estates.
Presenting a rare and significant development opportunity at 357 North Carmelina Avenue. Situated on one of Brentwood's most picturesque and highly desirable stretches, this extraordinary property encompasses a sprawling 33,748-square-foot (.77 AC) parcel. Set behind gates with a deep setback on the sunny west side of the street, the nearly one acre park-like grounds offer supreme privacy, surrounded by neighboring legacy estates. The true value lies in the sheer scale and pristine location of this canvas, offering exceptional potential to construct a world-class compound tailored to the coastal California lifestyle. For those looking to expedite their vision, the offering includes Ready to Issue (RTI) plans crafted by the renowned KAA Design for a magnificent 8,200-square-foot estate featuring a wellness retreat and resort-style pool grounds. A comprehensive sale package featuring an interior design presentation, a Crest Property Development and Analysis Report, an architectural survey, a slope analysis, and more further streamlines the development process. An existing 4,800-square-foot 1930s residence currently stands on the property, providing context for the site while paving the way for its next chapter. This is an unparalleled opportunity to secure an extraordinary expanse of prime Westside land. Future residents will enjoy ultimate seclusion while remaining just moments away from the Brentwood Country Club, vibrant local boutiques, fine dining, and the beach.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades PK-5 • 1.6 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 4,851 | 1,675.469 |
| Lot Size | 33,748 | 6,126.393 |
| Price | $12.49M | $1.34M |
| Price per sq ft | $2.6K | $800 |
| Built year | 1930 | 1941 |
| HOA | $0 | $262 |
| Days on market | 36 | 56 |
Sep 18, 2026
$12,495,000
Initial Listing
Dec 30, 2024
$11,600,000
Public Record