551 Perugia Way, Los Angeles, California 90077, Los Angeles, 90077 - 6 bed, 7 bath
551 Perugia Way
Los Angeles, California 90077
Property Price
SUMMARY
Analysis of 551 Perugia Way, Los Angeles, California 90077 reveals a Prime Investment Opportunity with a current list price of $15,995,000—significantly undercutting the $17,652,974 Fair Market Value by 9%. This valuation gap indicates a +$1,657,974 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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 While the structure is currently standing, the kitchen and bathrooms feature severely outdated tiling, cabinetry, and appliances that do not meet modern standards.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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Location & Exclusivity
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.
CONSRISKS & DEFICIENCIES
- Likely Requires Total Renovation
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.
- High Barrier to Entry
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.
About 551 Perugia Way
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 34,966 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 • 0.9 mi
Roscomare Road Elementary School
Grades K-5 • 3.0 mi
Van Nuys Middle School
Grades 6-8 • 6.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 87% |
| Baths | 7.0 | 4.0 | 81% |
| Square foot | 5,989 | 2,892 | 79% |
| Lot Size | 34,966 | 25,100.5 | 63% |
| Price | $15.99M | $2.77M | 92% |
| Price per sq ft | $2.7K | $905 | 92% |
| Built year | 1939 | 1961 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 194 | 2% |
Pricing History
Listed for Sale
Feb 20, 2026
$15,995,000
Initial Listing