
Hidden Hills, California 91302
This Development-Ready Estate Site represents a High-Potential Investment Opportunity with a List Price of $5,999,000—positioned below the $6,055,240 Fair Market Value by 1%. This acquisition offers $56,240 in Instant Equity and massive upside through its HOA-Approved Plans for a 12,953-square-foot mansion and 7-car garage. With a Condition Rating of 5, the primary value lies in the 1.36-acre lot, existing tennis court, and proximity to the 10/10 Oak Park High School. This shovel-ready asset is a premier choice for Luxury Developers or Custom Home Builders.
Property is extensive renovation needed.
Built in 1961 (63 years old) with no evidence of recent major renovations. The listing explicitly states the home 'needs updating' and highlights that demolition and grading permits are ready for a new 12,953 sqft residence. Interior photos show dated wallpaper and 30+ year old bathroom fixtures, while the drained pool and focus on land value/new plans categorize this as a major rehab or tear-down candidate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59272, living area = 6375.
High School: Oak Park High School (10/10).
The property comes with HOA-approved plans for a massive 12,953-square-foot estate and a 7-car garage, offering a rare 'shovel-ready' opportunity for a developer or custom home builder.
The existing 1961 residence requires extensive modernization or demolition to meet current luxury standards, which may deter buyers looking for a move-in ready home.
The swimming pool is currently drained and empty, presenting both a safety hazard and an immediate capital expense for restoration or replacement.
A rare find! This large, beautiful, 1.36 acre lot with a home that needs updating, comes with plans that has H.O.A. approval for a new 12,953' home with a 7-car garage. The owner is ready to pull the demolition and grading permits to start the project. The lot features mature trees, good privacy, and a nice location for easy gate access in and out of Hidden Hills. The existing home can easily be cleaned up and lived in or leased (it was previously leased) if the new owner's want to keep to use personally or lease out prior to building. The existing 5 bed, 5 bath residence includes a guest house, barn, and tennis court. Paneled windows flood the home with natural light. Wood beamed ceiling with exposed brick accents add warmth & character to the chef's kitchen and dining area. The primary suite is complete with an arched wood ceiling, a brick fireplace, a retreat-like bath with a soaking tub, shower, dual sinks, and a view balcony all overlooking the expansive rear grounds. The backyard is spacious and perfect for entertaining and intimate family gatherings alike, with grassy yard, pool, spacious patio, circular driveway, and lots of off street parking. Caution: The swimming pool has been drained so it is currently empty.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 57% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 6,375 | 2,918 | 91% |
| Lot Size | 59,272 | 13,342 | 82% |
| Price | $5.78M | $1.99M | 92% |
| Price per sq ft | $906 | $733 | 81% |
| Built year | 1961 | 1987 | 5% |
| HOA | $0.25 | $0 | 50% |
| Days on market | 44 | 145 | 2% |
May 23, 2026
$5,775,000
$5,999,000
-4% Price Drop
Initial Listing
May 2, 2026
$5,999,000
Initial Listing
May 1, 2026
$599,999
Initial Listing
Dec 15, 2021
$4,400,000
Public Record