
Los Angeles, California 90077
This Generational Development Opportunity is listed at $14,900,000, positioned close to its $13,983,302 Fair Market Value to reflect the extreme scarcity of land within Bel Air's iconic East Gate. The property offers a 26,224 sqft street-to-street lot and a Condition Rating of 6, providing a "blank slate" for a Richard Landry-designed statement villa. With an existing pool and serene park views, the site is primed for a high-end rebuild to maximize ROI in the Platinum Triangle. This premier acquisition is ideal for Luxury Developers or Visionary Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 St Cloud Road Subject | $14,900,000* List Price | 5 | 5 | 4,822 | $2,900 | - |
A 10820 Ambazac Way Sold | $11,026,000 | 3 | 5 | 3,839 | $2,872 | 1.0 mi |
B 551 Perugia Way Active | $15,995,000 List Price | 6 | 7 | 5,989 | $2,671 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1968, this property is over 50 years old with no apparent major renovations in the past 50 years. The MLS description explicitly positions it as a 'blank slate' for a new 'statement villa' and suggests 'complete demolition and rebuild' as a possibility. Images reveal a severely neglected exterior with an empty, dirty pool, moss-covered brick patio, and extremely dated interior features like old brick flooring, peeling wallpaper, and outdated ceiling treatments. The overall condition indicates the existing structures are unlivable or require extensive work beyond repair for modern standards, with the property's value primarily in the land and redevelopment potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26224, living area = 4822.
Situated inside the iconic East Gate of Bel Air, right off lower Bel Air Road, this property is in one of California's most sought-after neighborhoods, part of the exclusive 'Platinum Triangle'.
Described as a 'blank slate' with a vision from revered architect Richard Landry to create a 'statement villa,' offering immense potential for new construction or extensive revitalization.
Positioned as a development opportunity, the $14.9M list price is primarily for the land; buyers must factor in significant additional capital for construction, renovation, permits, and architect fees.
Built in 1968, the current main house and guest house are over 50 years old, likely necessitating extensive modernization, or complete demolition and rebuild, adding to project costs and timelines.
The ultra-luxury price point of $14.9 million, combined with the requirement for substantial additional investment, restricts the market to a very specific segment of ultra-high-net-worth buyers or experienced developers.
If location, location, location are Real Estate's highest value, this is undoubtedly one of Bel Air's best opportunities. Just inside the iconic East Gate and right off lower Bel Air Road, the property sits in one of the most sought-after neighborhoods in all of California. A wonderful half acre+ street-to-street lot, backing to Madrono Lane, with a blank slate of upscale possibilities - as envisioned by revered architect to the elite Richard Landry. Current structures of main house & large guest house + pool are re-envisioned to create a new "statement villa" for the most discerning buyers and developers in Los Angeles. Expansion & Revitalization of existing structures is possible, if desired. There's a reason why a residence within the Platinum Triangle is one of America's most sought-after places to live, near world class Beverly Hills shopping, West Hollywood restaurants & nightlife and 20 minutes from the Ocean. Ultimate privacy and serenity near the heart of the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 65% |
| Baths | 5.0 | 4.0 | 59% |
| Square foot | 4,822 | 2,917 | 76% |
| Lot Size | 26,224 | 22,222.5 | 59% |
| Price | $14.90M | $3.09M | 94% |
| Price per sq ft | $3.1K | $968 | 96% |
| Built year | 1968 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 204 | 26% |
Dec 2, 2025
$14,900,000
Initial Listing