
Los Angeles, California 90068
This 1951 mid-century residence presents a High-Potential Investment Opportunity with a List Price of $2,995,000—positioned well below the $2,907,299 Fair Market Value by -3%. While the property carries a Condition Rating of 5, the expansive 15,973 sqft lot and panoramic city skyline views provide a rare foundation for a high-end renovation. The substantial footprint and Hollywood Hills location offer significant upside for forced appreciation. This asset is an ideal acquisition for Fix-and-Flip Investors or Custom Home Builders seeking to reawaken a classic architectural gem.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7230 Outpost Cove Drive Subject | $3,195,000* List Price | 5 | 4 | 2,952 | $1,082 | - |
A 2109 Castilian Drive Active | $2,995,000 List Price | 4 | 4 | 3,238 | $925 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 and explicitly marketed as a 'fixer opportunity,' this 73-year-old property requires a complete rehab. The kitchen and bathrooms are severely dated with aged cabinetry and finishes, and the interior features original-style wood paneling and old carpeting, indicating that major systems (HVAC/Electric) likely need modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15973, living area = 2952.
Situated on a rare, expansive flat lot at the end of a quiet cul-de-sac in the prestigious Hollywood Hills, offering both privacy and a massive footprint for outdoor entertaining.
This 1951 celebrity hideaway features classic mid-century elements like wood-beamed ceilings and expansive windows, providing a high-demand aesthetic for restoration.
The property is marketed as a fixer opportunity, requiring a significant additional investment of time and capital to modernize and repair the aging structure.
Multiple significant price reductions since the initial listing may indicate previous overvaluation or potential challenges that have kept the property on the market.
Evoking the laid-back glamour of the Frank Sinatra era, this true 1951 mid-century private celebrity hideaway rests at the end of a quiet cul-de-sac on a huge rare flat lot in the Hollywood Hills, presenting a rare fixer opportunity. The single-story design offers a generous footprint with 5 bedrooms and 4 bathrooms, wood-beamed ceilings, a dramatic fireplace, and expansive windows that frame pool and city views, all nodding to its classic mid-century soul and providing an ideal possibility to update, expand, or reimagine. The expansive grounds create a spectacular stage for outdoor living and entertaining, easily accommodating poolside cocktail parties and glamorous gatherings with room for hundreds of guests that begin at sunset and linger well into the early hours, while also offering the privacy and tranquility of a secluded hillside retreat. Surrounded by multi-million-dollar estates, the location alone makes this a compelling value-add opportunity for investors, designers, or buyers looking to reawaken the potential of a classic property. Private, substantial, and rich with potential, this is a rare chance to revive a mid-century gem or craft something entirely new. Priced to sell. Don't miss this great opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,952 | 1,672 |
| Lot Size | 15,973 | 6,067 |
| Price | $3.19M | $1.37M |
| Price per sq ft | $1.1K | $801 |
| Built year | 1951 | 1939 |
| HOA | $0 | $348 |
| Days on market | 299 | 56 |
Jun 18, 2026
$3,195,000
$2,995,000
+7% Price Increase
Initial Listing
Mar 3, 2026
$2,995,000
$3,495,000
-14% Price Drop
Initial Listing
Oct 24, 2025
$3,495,000
$3,895,000
-10% Price Drop
Initial Listing
Sep 26, 2025
$3,895,000
Initial Listing