616 Perugia Way, Los Angeles, California 90077, Los Angeles, 90077 - 5 bed, 7 bath

616 Perugia Way, Los Angeles, California 90077 home-pic-0
ACTIVE$13,250,000
616 Perugia Way, Los Angeles, California 90077
5Beds
7Baths
5,987Sqft
28,350Lot
Year Built
1929
Close
-
List price
$13.25M
Original List price
$13.25M
Price/Sqft
$2,213
HOA
-
Days on market
-
Sold On
-
MLS number
24436293
Home ConditionFair
Features
Excellent View: Golf Course
Deck
Pool
Spa
Patio
ViewGolf Course

About this home

Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,7 Pros. Rank: price - $13.25M(85th), sqft - 5987(74th), beds - 5(60th), baths - 7(75th).

Limitless possibilities await in the city's most exclusive, highest-value enclave where the fortunate new owner can maximize return on investment by upgrading, expanding, rebuilding, or moving in right away and updating over time! This enchanting storybook estate is positioned on .65 prime acres of lush, verdant, golf course-facing grounds perched above the Bel Air Country Club's seventh tee with fantastic views of manicured fairways. On one of the most prestigious streets in Lower East Gate Bel Air, privacy gates conceal a hidden sanctuary enveloped by gardens and remarkable vistas. A variety of mature, swaying trees, vibrant vines, and flowering landscaping harmonize to form this whimsical private paradise in one of LA's most highly desired locales. A cobblestone pathway leads to the home's charming front entrance to welcome guests within. The formal living room is complete with a rich stone fireplace and built-ins as well as classic elements such as bay window and French doors. An adjacent parlor is light-filled, with exposed beams, traditional brick fireplace, and full L-shaped wet bar for cocktails and entertaining. The kitchen continues the home's warm character and is appointed with stainless-steel appliances, center island, and an abundance of cabinetry. The formal dining room is quite large, allowing the ideal space for intimate family gatherings and dinner parties, and a wood-paneled library/study features built-ins and fireplace. The spacious primary suite looks out to the rear grounds from its private balcony and includes a lavish spa-like bath and changing area with makeup station. There is also a screening room, gym/yoga studio, and dry sauna. Outside, relish numerous magical spaces such as a trellis-covered outdoor dining room with barbecue, lagoon-like pool and spa, sunny patio with resort-style retractable awning, large grassy yard, calming water features, terraces, gardens, and more. There is also an expansive brick motor court for many vehicles. Welcome to one of Bel Air's most prized streets just moments to the heart of Beverly Hills, the very best of the Westside, and all Los Angeles has to offer.

Nearby schools

9/10
Warner Avenue Elementary School
Public,K-51.1mi
9/10
Roscomare Road Elementary School
Public,K-52.8mi
2/10
Van Nuys Middle School
Public,6-86.1mi
6/10
University Senior High School
Public,9-122.5mi
6/10
University Senior High School Charter
Public,9-122.5mi
6/10
Van Nuys Senior High School
Public,9-127.5mi
Condition Rating
Fair

Built in 1929, this property is exceptionally well-maintained with high-quality traditional finishes throughout. The kitchen features stainless steel appliances and a center island, while the bathrooms appear updated with good materials and a 'spa-like' feel. However, the overall aesthetic, including cabinetry, fixtures, and decor in many rooms (e.g., wet bar, library), is distinctly traditional and dated, not contemporary. The listing description itself suggests 'updating over time' and the need for 'modernization' to maximize value, indicating it requires more than minor cosmetic updates to meet current luxury standards. The absence of explicit mention of a modern HVAC system is also a notable factor for a property of this caliber and age.
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 = 28350, living area = 5987.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Exclusive Bel Air Location: Situated in one of the most prestigious and exclusive enclaves in Lower East Gate Bel Air, offering unparalleled status and proximity to Beverly Hills.
Prime Golf Course Frontage & Views: Direct frontage and fantastic views of the manicured fairways of Bel Air Country Club's seventh tee.
Expansive & Private Estate Grounds: A substantial 0.65-acre lot featuring privacy gates, lush gardens, mature landscaping, and remarkable vistas, creating a secluded sanctuary.
Extensive Luxury Lifestyle Amenities: Boasts a lagoon-like pool and spa, outdoor dining with barbecue, screening room, gym/yoga studio, dry sauna, and a full wet bar, catering to a high-end lifestyle.
Significant Development & Value-Add Potential: Offers 'limitless possibilities' for upgrading, expanding, or rebuilding, allowing a new owner to maximize return on investment in a prime location.

Cons

Age of Property & Required Modernization: Built in 1929, the property likely requires substantial investment for modernization and system upgrades to meet contemporary luxury standards, as suggested by the 'updating over time' clause.
Potential Overpricing Relative to Market Estimation: The list price of $13.25M is significantly higher (17%) than the property's estimated value of $10.89M, which could impact market appeal and time on market.
Absence of Mentioned Modern HVAC System: For a luxury property in Los Angeles, the lack of explicit mention of a central cooling system (AC) could be a notable deficiency, potentially requiring a costly installation.

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