
Beverly Hills, California 90210
This 1930 Spanish Colonial Revival represents a High-Potential Investment Opportunity, listed at $8,295,000—positioned well above the $8,101,099 Fair Market Value by -2%. While requiring a comprehensive renovation, the property offers significant upside for Value-Add Investors and Owner-Occupants looking to restore a classic estate. Featuring a 5,063 sqft layout, a pool, and proximity to top-rated schools like Beverly Hills High, this asset provides a rare canvas for modernization in the prestigious Beverly Hills Flats. Its Condition Rating of 5 necessitates a strategic capital expenditure plan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 510 N Alta Drive Subject | $8,295,000* List Price | 5 | 5 | 5,063 | $1,600 | - |
A 525 N Hillcrest Road Sold | $10,100,000 | 7 | 9 | 6,772 | $1,491 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the home is a well-preserved 1930s classic, the last major renovation/addition occurred in 1983 (over 40 years ago). The bathrooms and systems are significantly dated, and the listing explicitly markets the property as a restoration opportunity to 'reimagine' and 'update,' which aligns with the criteria for a property needing a full rehab.
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated in the highly coveted Beverly Hills Flats, this property offers a prestigious address with exceptional long-term value and proximity to world-class amenities.
This 1930 Spanish Colonial Revival features rare original details, including carved wooden doors, stained glass, and pegged-wood flooring, providing a timeless aesthetic that is difficult to replicate.
The property is presented as a restoration opportunity, meaning it likely requires a comprehensive and costly overhaul of systems and finishes to meet modern luxury standards.
While the home offers generous proportions, the 1930s layout and 1980s-era primary suite addition may require structural reconfiguration to achieve the open-concept flow desired by today's buyers.
Offers due Wednesday, May 20th at 10 am. A rare and romantic offering in the coveted Beverly Hills Flats, 510 N. Alta presents a timeless circa 1930 Spanish Colonial Revival rich in character, authenticity, and exceptional potential. Available for the first time in 66 years, this cherished residence offers a discerning buyer the opportunity to reimagine and restore its inherent elegance while honoring the craftsmanship of a bygone era. Set behind beautiful frontage, the home exudes classic Spanish charm with original details including intricately carved wooden doors, tilework, and thoughtfully preserved original features. The traditional two-story layout features a gracious and expansive upstairs configuration with a spacious primary suite and four additional bedrooms overall, offering an ideal canvas for modernization while maintaining its original scale and flow. The living room and dining room are adorned with elegant pegged-wood flooring, while the upper level showcases original refinished slat wood floors. A stained glass feature evocative of the home's early craftsmanship and refined sensibility serves as a centerpiece in the living room, adding color and artistry to the space. High ceilings in the living room, den, and primary suite enhance the sense of volume and light throughout. The primary suite--an addition completed in 1983 by renowned Los Angeles architect Ted Grenzbach--offers a generous retreat with an oversized walk-in closet, a dedicated dressing room, vanity area, and a cozy office nook overlooking the leafy charm of Alta. The main living areas evoke a sense of warmth and old-world sophistication, ready to be enhanced into inviting spaces that blend indoor and outdoor living. The outdoor setting offers privacy and tranquility, featuring a pool and space for entertaining and dining al fresco. Echoing the finest Spanish homes of the Beverly Hills Flats, the residence is defined by its romantic ambiance, artisanal details, and enduring design. With its generous proportions, and unmistakable charm, 510 N. Alta presents a compelling opportunity to thoughtfully restore and update a classic home for modern-day living.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-6 • 1.1 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.5 | 50% |
| Baths | 5.0 | 5.0 | 50% |
| Square foot | 5,063 | 4,388.5 | 57% |
| Lot Size | 9,907 | 16,929 | 18% |
| Price | $8.29M | $6.40M | 59% |
| Price per sq ft | $1.6K | $1.4K | 61% |
| Built year | 1930 | 1959 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 154 | 1% |
May 11, 2026
$8,295,000
Initial Listing