590 N Tigertail Road, Los Angeles, California 90049, Los Angeles, 90049 - 2 bed, 3 bath

590 N Tigertail Road, Los Angeles, California 90049 home-pic-0
ACTIVE$5,795,000
590 N Tigertail Road, Los Angeles, California 90049
2Beds
3Baths
2,228Sqft
23,361Lot

Price Vs. Estimate

The estimated value ($5,197,903.59) is $597,096.41 (10%) lower than the list price ($5,795,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 23361, living area = 2228.
Top Cons:
Significant Price Discrepancy: The current listing price of $5.795 Million is considerably higher than the estimated property value of $4.929 Million, which may require justification to potential buyers or suggest an aggressive valuation.

Compared to the nearby listings

Price:$5.79M vs avg $3.98M (+$1,820,000)70%
Size:2,228 sqft vs avg 3,318.5 sqft14%
Price/sqft:$2.6K vs avg $1.3K97%

More Insights

Built in 1956 (69 years old).
Condition: The property, built in 1956, is described as 'completely livable' but also as a 'dated existing structure' whose 'true value lies in the potential for new construction.' The images confirm a mid-century aesthetic with functional but outdated features. The kitchen has tiled floors, light wood cabinets, and older built-in stainless steel appliances. The bathroom features tiled floors, a light wood vanity, and glass block windows, suggesting a renovation from 15-30 years ago. While maintained and functional, the overall style and components are clearly outdated for current standards, aligning with the 'fair' condition criteria.
Year Built
1956
Close
-
List price
$5.79M
Original List price
$5.79M
Price/Sqft
$2,601
HOA
-
Days on market
-
Sold On
-
MLS number
25616517
Home ConditionFair
Features
Excellent View: City Lights, Hills, Ocean
Pool
Patio
ViewCity Lights,Hills,Ocean

About this home

Tucked away up a private drive on a sprawling half acre on Tigertail Road, renowned as one of Brentwood's finest streets with homes well above $20Million, is this extraordinary luxury estate development offering ideal for an owner user or developer. Ready to build and complete with RTI plans for a striking contemporary residence with city and ocean views from the elite firm of IR Architects, designers of trophy homes throughout the most exclusive locations in Los Angeles. Should a buyer wish to live in the property as is, the present home, behind gates, is completely livable and is a captivating Mid Century-style residence. It boasts an expansive motor court, lush landscaping, stately palm trees, and a freeform pool. The living room, along with the dining room and primary bedroom, showcases distinctive Mid Century design elements such as floor-to-ceiling sliders and windows, a brick interior wall, and a fireplace with a striking stone facade and hearth. Both the living room and dining room feature charming wood-paneled ceilings that provide delightful views of the pool and rear yard. An inviting den with a wet bar and the primary suite each offer access to the backyard through sliding glass doors. While the home itself and its Mid Century aesthetics are incredibly appealing, the true value lies in the potential for new construction on this exceptional property. Furniture in photos of existing house are no longer present. CONTACT AGENT FOR RENDERINGS AND PLANS

Nearby schools

5/10
Brentwood Science School
Public,K-51.4mi
5/10
Brockton Avenue Elementary School
Public,K-52.1mi
9/10
Franklin Elementary School
Public,PK-52.2mi
7/10
Nora Sterry Elementary School
Public,K-52.6mi
9/10
Warner Avenue Elementary School
Public,K-52.6mi
9/10
Fairburn Avenue Elementary School
Public,K-52.9mi
9/10
Roscomare Road Elementary School
Public,K-53.5mi
8/10
Lanai Road Elementary School
Public,K-55.4mi
8/10
Lincoln Middle School
Public,6-83.0mi
6/10
Gaspar De Portola Middle School
Public,6-87.5mi
5/10
William Mulholland Middle School
Public,6-88.3mi
6/10
University Senior High School
Public,9-122.0mi
6/10
University Senior High School Charter
Public,9-122.0mi
8/10
Santa Monica High School
Public,9-124.2mi
6/10
Van Nuys Senior High School
Public,9-128.3mi

Price History

Date
Event
Price
11/29/23
Sold
$4,500,000
Condition Rating
Fair

The property, built in 1956, is described as 'completely livable' but also as a 'dated existing structure' whose 'true value lies in the potential for new construction.' The images confirm a mid-century aesthetic with functional but outdated features. The kitchen has tiled floors, light wood cabinets, and older built-in stainless steel appliances. The bathroom features tiled floors, a light wood vanity, and glass block windows, suggesting a renovation from 15-30 years ago. While maintained and functional, the overall style and components are clearly outdated for current standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

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 = 23361, living area = 2228.
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Exceptional Development Opportunity: The property comes with RTI (Ready To Issue) plans for a striking contemporary residence designed by the elite firm of IR Architects, significantly de-risking and accelerating the development process for a luxury estate.
Prestigious Location: Situated on Tigertail Road, renowned as one of Brentwood's finest streets, the property benefits from an exclusive address with surrounding homes valued well above $20 Million, ensuring high desirability and potential for appreciation.
Generous & Private Lot Size: A sprawling half-acre lot (23,361 sqft) provides ample space for a substantial luxury residence, extensive landscaping, and privacy, a rare commodity in this prime Los Angeles area.
Panoramic Views: The property offers desirable city lights, hill, and ocean views, which are a premium feature in the Los Angeles luxury market and are incorporated into the proposed new construction plans.
High-Rated School Access: Located near several highly-rated public elementary schools, including Fairburn Avenue Elementary, Franklin Elementary, Warner Avenue Elementary, and Roscomare Road Elementary, all with a rating of 9.

Cons

Significant Price Discrepancy: The current listing price of $5.795 Million is considerably higher than the estimated property value of $4.929 Million, which may require justification to potential buyers or suggest an aggressive valuation.
Dated Existing Structure: While livable, the 1956 Mid-Century home is likely dated for a luxury market at this price point, necessitating either extensive renovation or demolition to realize the property's full potential as a modern luxury estate.
Substantial Additional Investment Required: The property's primary value lies in its development potential, meaning a buyer will need to incur significant additional costs and time for construction beyond the purchase price to build the proposed luxury residence.

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