501 Woodruff Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 6 bed, 7 bath

501 Woodruff Avenue
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 501 Woodruff Avenue, Los Angeles, California 90024 is currently available with a list price of $5,899,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is marketed primarily as a development opportunity and a 'rare opportunity to create a world-class residence.' While a 3,792 sq ft traditional home currently exists, the listing value and marketing focus are entirely on the 16,539 sq ft lot and the included RTI (Ready to Issue) plans for a new 7,271 sq ft estate. The images provided are architectural renderings of the proposed project rather than the current structure, indicating the existing home is intended for demolition to realize the land's highest and best use.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Little Holmby Location
Situated in one of the Westside's most prestigious and tightly held neighborhoods, the property offers proximity to UCLA, Westwood Village, and top-rated schools like Warner Avenue Elementary.
- Development Ready with RTI Plans
The inclusion of soon-to-be RTI (Ready to Issue) plans for a 7,271 sq ft luxury estate provides a significant advantage, saving the buyer years of architectural design and city permitting hurdles.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7271, other record living area = 3181. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Substantial Construction Commitment
As a development opportunity, the buyer must possess the capital and expertise to manage a large-scale construction project, which involves significant additional costs beyond the $5.899M acquisition price.
- Limited Immediate Utility
The existing 3,792 sq ft traditional home is significantly smaller than the proposed estate, making the property less appealing to buyers seeking a move-in ready residence without the burden of redevelopment.
About 501 Woodruff Avenue
Located in coveted Little Holmby, 501 Woodruff Ave presents a rare opportunity to create a world-class residence on an expansive 16,539 sq ft lot in one of the Westside's most prestigious and tightly held neighborhoods. The offering includes impressive soon-to-be RTI plans for a refined European-inspired estate thoughtfully designed for modern luxury living, resort-style amenities, and flexibility for a buyer to modify or tailor the plans to their preferences. The architecture blends classical proportions and detailing including arched openings, symmetrical massing, a limestone-style facade, and wrought-iron railings with clean lines and contemporary glazing, for a timeless yet modern aesthetic. The proposed design calls for approximately 7,271 sqft with a highly functional, lifestyle-driven layout featuring 6 bedrooms and 7 total bathrooms. The main living spaces open directly to a generous rear terrace and pool deck, creating a seamless indoor-outdoor connection. Plans include expansive living and entertaining spaces, an attached garage, and pool, allowing a buyer to move forward efficiently with development. Planned layout includes: First Floor with grand living spaces, kitchen, dining and family areas, one bedroom suite, gym and powder room; Upper Level with a primary suite, multiple secondary bedroom suites, lounge, and laundry; Lower Level with attached garage, mechanical, and support areas. Currently on the property sits a traditional 4-bedroom, 5-bath home totaling approximately 3,792 sq ft. Set on a prime Little Holmby street near UCLA, Westwood Village, and top Westside destinations, this is a unique chance to build a signature estate in one of the Westside's most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 16,535 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Warner Avenue Elementary School
Grades K-5 • 0.1 mi
Fairburn Avenue Elementary School
Grades K-5 • 0.9 mi
Nora Sterry Elementary School
Grades K-5 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 86% |
| Baths | 7.0 | 4.0 | 94% |
| Square foot | 7,271 | 2,977 | 94% |
| Lot Size | 16,535 | 7,959 | 89% |
| Price | $5.90M | $3.51M | 86% |
| Price per sq ft | $811 | $1.2K | 8% |
| Built year | - | 1936 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 168 | 3% |
Pricing History
Listed for Sale
Feb 13, 2026
$5,899,000
Initial Listing
Sold
May 17, 2024
$4,550,000
Public Record
Sold
Aug 25, 2023
$3,750,000
Public Record












