
Beverly Hills, California 90210
This property presents a High-Potential Investment Opportunity with a List Price of $8,750,000—positioned above the $8,404,703 Fair Market Value. While requiring a full renovation, the 15,536 sqft lot and 5,340 sqft footprint in the Beverly Hills Flats provide a rare foundation for a custom estate. With a Condition Rating of 5, this asset is ideal for Value-Add Investors or Custom Home Developers looking to capitalize on the proximity to Beverly Hills High School and elite amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 716 N Beverly Drive Subject | $8,750,000* List Price | 6 | 6 | 5,340 | $1,639 | - |
A 702 N Linden Drive Sold | $9,250,000 | 5 | 5 | 5,286 | $1,750 | 0.5 mi |
B 1017 Chevy Chase Drive Sold | $8,120,000 | 5 | 6 | 5,156 | $1,575 | 0.8 mi |
C 803 N Rexford Drive Active | $9,995,000 List Price | 5 | 7 | 5,800 | $1,723 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 and explicitly marketed as a renovation opportunity, the property is over 65 years old with dated finishes. Photos show 1980s/90s-era gold-trimmed showers and older cabinetry. The listing description confirms it requires a full renovation or custom rebuild, fitting the 'Poor' criteria for a home needing major rehab.
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated in one of the most prestigious neighborhoods in the world, this property is located just two blocks from the Beverly Hills Hotel and minutes from Rodeo Drive, offering unmatched status and convenience.
The rare 15,000+ square-foot flat lot combined with over 5,300 square feet of existing living space provides a massive foundation for a world-class custom estate.
The property is being sold in 'as-is' condition and requires a comprehensive renovation, which will demand substantial additional capital investment and a lengthy construction timeline.
At an $8.75 million list price for a fixer-upper, the acquisition cost is high, potentially narrowing the buyer pool to those with significant liquid reserves for both purchase and development.
Rare single-story Mediterranean renovation opportunity in the Beverly Hills Flats, ideally located just two blocks from the iconic Beverly Hills Hotel and minutes from Rodeo Drive. Situated on an expansive 15,000+ square-foot lot, the property offers over 5,300 square feet of living space with six bedrooms, five-and-a-half bathrooms, a pool, spa, and mature privacy hedging. The generous floor plan includes multiple living and entertaining areas, spacious bedrooms, a formal living room with a stone fireplace, and a primary suite opening directly to the backyard. The home requires renovation and presents an exceptional opportunity to reimagine the existing residence or create a custom estate in one of Los Angeles' most sought-after neighborhoods. Bring your architect, designer, and vision. Property is being sold in its present condition.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.5 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.7 |
| Baths | 6.0 | 4.7 |
| Square foot | 5,340 | 3,496.845 |
| Lot Size | 15,536 | 13,721.569 |
| Price | $8.75M | $5.41M |
| Price per sq ft | $1.6K | $1.5K |
| Built year | 1958 | 1955 |
| HOA | $0 | $1.4K |
| Days on market | 77 | 68 |
Jun 24, 2026
$8,750,000
Initial Listing
Mar 23, 2011
$800,000
Public Record
Dec 12, 1994
$1,850,000
Public Record