500 Leslie Lane, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 5 bath
ACTIVE$7,250,000
500 Leslie Lane, Beverly Hills, California 90210
4Beds
5Baths
Sqft
22,529Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Fixer-Upper Condition: Explicitly described as a 'premier fixer-upper' and a 'canvas to reimagine,' indicating significant renovation or complete redevelopment is required.
Compared to the nearby listings
Price:$7.25M vs avg $5.25M (+$2,000,000)61%
Size: sqft vs avg 3,925 sqft5%
Price/sqft:$0 vs avg $1.2K5%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this property is explicitly marketed as a 'premier fixer-upper' and a 'canvas to reimagine,' indicating the existing structure is considered obsolete for modern luxury standards. The absence of any current interior photos, particularly of the kitchen and bathrooms, and the inclusion of only virtual renderings of a completely new interior, strongly suggest the current condition is unlivable or requires demolition for redevelopment. The property's value is clearly based on its prime land and potential for an 'entirely new vision,' aligning with the 'tear-down' criteria of being over 50 years old with no major renovations in the past 50 years, where the structure is beyond practical repair for the target market.
Year Built
1962
Close
-
List price
$7.25M
Original List price
$7.75M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25489045
Home ConditionTear down
Features
Excellent View: City Lights, Pool, Trees/Woods
Pool
Spa
Patio
ViewCity Lights,Pool,Trees/Woods
About this home
Nestled in the heart of Beverly Hills' prestigious Trousdale Estates, this Mid-Century gem offers an unrivaled opportunity for visionary developers and discerning investors. Positioned on a generous 1/2 acre street-to-street corner lot, the property provides a remarkable canvas to reimagine a modern masterpiece that embodies the sophistication and prestige synonymous with this coveted enclave.Surrounded by iconic estates valued between $10M and $50M, this residence is attractively priced, with tremendous potential for value appreciation. Whether you choose to restore its architectural charm or craft an entirely new vision, this is a rare chance to create a legacy in one of Beverly Hills' most exclusive neighborhoods. With panoramic views stretching from the city to the ocean, the property celebrates its Mid-Century heritage while showcasing spectacular scenery. Seize this extraordinary opportunity to embrace an iconic era and transform this premier fixer-upper into a show-stopping modern retreat.
Nearby schools
9/10
West Hollywood Elementary School
Public,•K-5•1.1mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.3mi
8/10
Hawthorne Elementary School
Public,•K-8•1.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.7mi
7/10
Fairfax Senior High School
Public,•9-12•2.5mi
9/10
Beverly Hills High School
Public,•9-12•2.9mi
6/10
University Senior High School Charter
Public,•9-12•5.3mi
6/10
University Senior High School
Public,•9-12•5.3mi
Condition Rating
Tear down
Built in 1962, this property is explicitly marketed as a 'premier fixer-upper' and a 'canvas to reimagine,' indicating the existing structure is considered obsolete for modern luxury standards. The absence of any current interior photos, particularly of the kitchen and bathrooms, and the inclusion of only virtual renderings of a completely new interior, strongly suggest the current condition is unlivable or requires demolition for redevelopment. The property's value is clearly based on its prime land and potential for an 'entirely new vision,' aligning with the 'tear-down' criteria of being over 50 years old with no major renovations in the past 50 years, where the structure is beyond practical repair for the target market.
Pros & Cons
Pros
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: Nestled in the heart of Beverly Hills' prestigious Trousdale Estates, one of the most exclusive and sought-after neighborhoods.
Panoramic Views: Offers spectacular panoramic views stretching from the city lights to the ocean, a highly desirable feature in this market.
Generous Lot Size: Positioned on a substantial 1/2 acre street-to-street corner lot, providing ample space for expansion or new construction.
Significant Investment Potential: Attractively priced relative to surrounding iconic estates valued between $10M and $50M, offering tremendous potential for value appreciation for visionary developers and investors.
Architectural Heritage: A Mid-Century gem, appealing to buyers who appreciate this iconic architectural style and are looking to restore or reimagine it.
Cons
Fixer-Upper Condition: Explicitly described as a 'premier fixer-upper' and a 'canvas to reimagine,' indicating significant renovation or complete redevelopment is required.
Age of Property: Built in 1962, the property's systems, infrastructure, and finishes are likely outdated, necessitating substantial upgrades to meet modern luxury standards.
High Total Investment: While the list price is competitive for the area, the 'fixer-upper' status means a very substantial additional investment will be required for renovation or redevelopment, increasing the overall cost significantly.