431 Westmount Drive, West Hollywood, California 90048, West Hollywood, 90048 - 5 bed, 5 bath
ACTIVE$2,795,000
431 Westmount Drive, West Hollywood, California 90048
5Beds
5Baths
3,175Sqft
4,777Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Permit-Ready Renovation Plans (RTI): Full set of permit-ready plans by renowned StudioTim Cambell are included, allowing immediate commencement of a significant remodel and saving substantial time and cost for the buyer.
Top Cons:
Requires Substantial Renovation Investment: The property is offered with plans for a major remodel, indicating it is not move-in ready and requires significant additional capital investment for construction beyond the purchase price.
Compared to the nearby listings
Price:$2.79M vs avg $2.60M (+$198,375)58%
Size:3,175 sqft vs avg 2,346.5 sqft77%
Price/sqft:$880 vs avg $1.0K35%
More Insights
Built in 1927 (98 years old).
Condition: The property, built in 1927, is explicitly marketed as an 'ultimate remodel' opportunity with 'permit ready plans' for transformation into a 'mini compound.' The images provided are primarily architectural renderings of the proposed future state, not the current property. The single actual photo shows an old, ivy-covered exterior consistent with a property that has not seen significant modern updates in decades. While the description states 'not ground up construction,' the emphasis on 'transforming' the existing units and selling 'hundreds of thousands of dollars in planning' indicates the current structure's value is primarily as a footprint for redevelopment, fitting the 'tear-down' criteria where the property's value is based on the land and its potential for a complete overhaul, rather than its current condition or livability.
Year Built
1927
Close
-
List price
$2.79M
Original List price
$2.79M
Price/Sqft
$880
HOA
-
Days on market
-
Sold On
-
MLS number
25500601
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights
About this home
The Ultimate RTI Remodel Plans for Weho Mini Compound: Start TOMORROW with full set of permit ready plans Designed by renowned StudioTim Cambell. Existing front bungalow with 2 additional rear units can be transformed into the ultimate oasis with privacy, sophistication, and opportunities for additional income OR live/ work space-with hospitality inspired main residence. Offering 2 distinct (and fully permitted) options to revamp current footprint and maximize 3,175sf of well thought out design, or increase parking and minimizing livable footprint to 2,760sf. Both versions include custom 2 bedroom main residence with either 2 or 3 bed guest/ wellness/ work facility. Full budget totally bid out down to dollar-with renderings, plans, various bids. Hundreds of thousands of dollars in planning. START TOMORROW-no waiting with City of Weho, not ground up construction-ultimate remodel.
Price History
Date
Event
Price
06/19/20
Sold
$1,775,000
Condition Rating
Tear down
The property, built in 1927, is explicitly marketed as an 'ultimate remodel' opportunity with 'permit ready plans' for transformation into a 'mini compound.' The images provided are primarily architectural renderings of the proposed future state, not the current property. The single actual photo shows an old, ivy-covered exterior consistent with a property that has not seen significant modern updates in decades. While the description states 'not ground up construction,' the emphasis on 'transforming' the existing units and selling 'hundreds of thousands of dollars in planning' indicates the current structure's value is primarily as a footprint for redevelopment, fitting the 'tear-down' criteria where the property's value is based on the land and its potential for a complete overhaul, rather than its current condition or livability.
Pros & Cons
Pros
Permit-Ready Renovation Plans (RTI): Full set of permit-ready plans by renowned StudioTim Cambell are included, allowing immediate commencement of a significant remodel and saving substantial time and cost for the buyer.
Income & Flexible Use Potential: The proposed design transforms the property into a 'mini compound' with potential for additional income units or versatile live/work/guest spaces, maximizing utility and value.
Prime West Hollywood Location: Situated on Westmount Drive in West Hollywood, the property benefits from a highly desirable, vibrant, and affluent neighborhood with excellent amenities and lifestyle.
Comprehensive Project Planning: Extensive pre-planning, including detailed budgets, renderings, and various bids, represents hundreds of thousands in investment and provides a clear, de-risked roadmap for the buyer.
Desirable City Lights View: The property offers captivating city lights views, enhancing its aesthetic appeal and contributing to its overall market value.
Cons
Requires Substantial Renovation Investment: The property is offered with plans for a major remodel, indicating it is not move-in ready and requires significant additional capital investment for construction beyond the purchase price.
Project Management Complexity: Despite having ready plans, undertaking a multi-unit remodel of this scale demands considerable project management effort, time, and expertise from the buyer.
Age of Existing Structure: Built in 1927, the original structure's age, while slated for extensive remodel, could potentially introduce unforeseen structural or foundational challenges during the renovation process.