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556 N Greencraig Road, Los Angeles, California 90049, Los Angeles, 90049 - 2 bed, 1 bath

556 N Greencraig Road, Los Angeles, California 90049 home-pic-0
ACTIVE$2,995,000$1,098/sqft
Est. Value: $2,664,989
-11%
AboveEstimate
556 N Greencraig Road, Los Angeles, California 90049
2Beds
1Bath
1,098Sqft
11,818Lot

Price Vs. Estimate

The estimated value ($2,664,988.97) is $330,011.03 (11%) lower than the list price ($2,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: Permit-approved plans for a 6,400 sq. ft. luxury smart home, offering significant development potential.
Top Cons:
Existing Structure: The existing home is a 2-bedroom, 1-bath structure, potentially requiring significant remodeling or demolition depending on the buyer's vision.

Compared to the nearby listings

Price:$3.00M vs avg $3.88M ($-880,000)23%
Size:1,098 sqft vs avg 3,127 sqft2%
Price/sqft:$2.7K vs avg $1.3K98%

More Insights

Built in 1948 (78 years old).
Condition: The property was built in 1948. While there are approved plans for a new construction, the existing 2-bedroom, 1-bath home is still present. The images show the existing structure, which appears aged but maintained. The kitchen and bathroom are likely outdated given the age of the property, suggesting it requires updates but is not in a state of disrepair. Therefore, a 'fair' condition score is appropriate.
Year Built
1948
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
$2,728
HOA
-
Days on market
-
Sold On
-
MLS number
25491721
Home ConditionFair
Features
Good View: Canyon
Deck
Pool
ViewCanyon

About this home

Here's your chance to build a permit-approved, stunning, innovative luxury smart home on a sprawling 11,800 sq. ft. lush green lot. Planned by Oak Knight Development and designed by award-winning Bracket Studios, this 6,400 sq. ft. masterpiece is set to feature breathtaking, one-of-a-kind finishes. Renderings have been uploaded into the listing photos.The home's interior architecture has been thoughtfully designed, with every inch meticulously crafted, focusing on cutting-edge principles of aesthetic composition. It seamlessly blends form and function with a visionary approach and harmonious layout. All architectural, interior design, and structural plans are available.Alternatively, if you prefer, you can choose to remodel the existing 2-bedroom, 1-bath home and bring your own vision to life.Set against the backdrop of serene hills yet just moments from everything Brentwood has to offer, this is the ultimate retreat. The approved plans for the new home include a luxurious primary suite on the second level, four additional bedrooms, an office, a home theater, a gym, a built-in sauna, and a 1,000+ sq. ft. rooftop deck. Designed for both entertaining and everyday living, the space flows seamlessly between indoor and outdoor areas. Massive, multi-panel windows overlook the pool and canyon, offering a stunning connection to the natural surroundings. The backyard is set to feature a striking infinity pool, blending perfectly with the canyon below for a truly dramatic and peaceful oasis.With its thoughtful design and incredible potential, this property offers the perfect canvas for your dream home.

E
Erfan Hajrasuliha
Listing Agent

Nearby schools

5/10
Brentwood Science School
Public,•K-5•1.3mi
5/10
Brockton Avenue Elementary School
Public,•K-5•1.9mi
9/10
Franklin Elementary School
Public,•PK-5•2.0mi
7/10
Nora Sterry Elementary School
Public,•K-5•2.5mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.6mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•2.9mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.6mi
8/10
Lanai Road Elementary School
Public,•K-5•5.6mi
8/10
Lincoln Middle School
Public,•6-8•2.8mi
6/10
Gaspar De Portola Middle School
Public,•6-8•7.6mi
5/10
William Mulholland Middle School
Public,•6-8•8.5mi
6/10
University Senior High School
Public,•9-12•1.9mi
6/10
University Senior High School Charter
Public,•9-12•1.9mi
8/10
Santa Monica High School
Public,•9-12•4.0mi
6/10
Van Nuys Senior High School
Public,•9-12•8.4mi

Price History

Date
Event
Price
03/23/21
Sold
$1,712,000
Condition Rating
Fair
The property was built in 1948. While there are approved plans for a new construction, the existing 2-bedroom, 1-bath home is still present. The images show the existing structure, which appears aged but maintained. The kitchen and bathroom are likely outdated given the age of the property, suggesting it requires updates but is not in a state of disrepair. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Development Potential: Permit-approved plans for a 6,400 sq. ft. luxury smart home, offering significant development potential.
Prime Location: Located in Brentwood, close to amenities and set against serene hills, providing a desirable retreat.
Large Lot Size: Sprawling 11,800 sq. ft. lot offers ample space for outdoor living and potential for a stunning infinity pool and canyon views.

Cons

Existing Structure: The existing home is a 2-bedroom, 1-bath structure, potentially requiring significant remodeling or demolition depending on the buyer's vision.
Price Point: The list price of $2,995,000 may be considered high, especially considering the potential costs associated with building or extensive remodeling.
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