551 Perugia Way, Los Angeles, California 90077, Los Angeles, 90077 - 6 bed, 7 bath
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Los Angeles, California 90077
This Generational Development Opportunity represents a Strong Value Opportunity with a List Price of $15,995,000—positioned well below the $17,652,974 Fair Market Value by 9%. This valuation gap provides $1,657,974 in Instant Equity for a high-end project. While the existing 1939 home holds a Condition Score of 6, the 34,966 sqft promontory on the Bel Air Country Club front row offers unobstructed panoramic views and access to Warner Avenue Elementary (9/10). This is a premier high-upside asset for Luxury Developers or Visionary Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 551 Perugia Way Subject | $15,995,000* List Price | 6 | 7 | 5,989 | $2,948 | - |
A 501 St Cloud Road Active | $14,900,000 List Price | 5 | 5 | 4,822 | $3,090 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1939 and off the market for over 50 years, this property shows no evidence of major renovations within the last half-century. While the structure is currently standing, the kitchen and bathrooms feature severely outdated tiling, cabinetry, and appliances that do not meet modern standards. Given the prime 'front row' location on the Bel Air Country Club and the $16M price point, the property is being marketed for its land value and development potential rather than the existing improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34966, living area = 5989.
Elementary School: Warner Avenue Elementary School (9/10).
Situated on the prestigious 'front row' of the Bel Air Country Club, this rare promontory location on Perugia Way offers unparalleled prestige and has not been on the market for over half a century.
Having been held by the same owner for over 50 years and built in 1939, the home likely requires extensive modernization or a complete rebuild to meet contemporary luxury standards.
The $15.995M list price reflects the land value and location, meaning a buyer must have significant additional capital for the inevitable large-scale construction or renovation costs.
First time available in over 50 years. Front row on Bel Air Country Club. Over 3/4 acre promontory with panoramic and unobstructed views. Exceptional frontage and location on the golf course. A rare opportunity that becomes available once in a generation. Shown only to prequalified buyers.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 3.0 mi
Grades 6-8 • 6.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 91% |
| Baths | 7.0 | 4.0 | 82% |
| Square foot | 5,989 | 2,917 | 80% |
| Lot Size | 34,966 | 22,222.5 | 68% |
| Price | $15.99M | $3.09M | 95% |
| Price per sq ft | $2.7K | $956 | 93% |
| Built year | 1939 | 1968 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 205 | 2% |
Feb 20, 2026
$15,995,000
Initial Listing