
Los Angeles, California 90049
This High-Potential Investment Opportunity is listed at $17,995,000, positioned well below the $20,554,437 Fair Market Value by 12%. This valuation gap offers $2,559,437 in Instant Equity for the buyer. Featuring an RTI Development Opportunity with approved plans for a 9,738-square-foot estate, the property holds a Condition Rating of 2. With panoramic ocean views, a 9-car garage, and a location in the Kenter Canyon School District, this is an ideal acquisition for Luxury Developers or High-Net-Worth Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 821 Glenmere Way Subject 6 bd · 9 ba · 9,738 sqft · $2,115 | $17,995,000* List Price | 6 | 9 | 9,738 | $2,115 | - |
A 260 Homewood Road Sold 7 bd · 10 ba · 9,515 sqft · $1,892 · 0.9 mi | $18,000,000 | 7 | 10 | 9,515 | $1,892 | 0.9 mi |
B 415 N Cliffwood Avenue Active 7 bd · 9 ba · 10,355 sqft · $2,124 · 0.7 mi | $21,995,000 List Price | 7 | 9 | 10,355 | $2,124 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2024 construction featuring state-of-the-art systems, luxury architectural kitchen and baths, and mint condition with no maintenance required.
Elementary School: Fairburn Avenue Elementary School (9/10).
The property is sold with fully approved plans and permits (Ready to Issue), allowing the buyer to bypass years of bureaucratic entitlement processes and begin construction immediately on a world-class estate.
Positioned at the end of a quiet cul-de-sac north of Sunset, this expansive lot offers rare panoramic ocean views and resides within the highly sought-after Kenter Canyon School District.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 9738, other record living area = 3388. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
As a development project rather than a finished home, the buyer must assume the management, costs, and inherent risks associated with a multi-year, large-scale construction process.
The nearly $18 million asking price represents only the land and permits, requiring a significant additional capital outlay to complete the build, which may limit the pool of qualified buyers.
An extraordinary opportunity to personalize a world-class estate currently under construction in one of Brentwood's most coveted enclaves, north of Sunset. Privately situated at the end of a quiet cul-de-sac on an expansive 16,500-square-foot lot, the residence captures sweeping panoramic ocean views and offers an exceptional sense of privacy. The approximately 9,738-square-foot architectural estate is already fully framed, with windows and doors installed, and is projected to be completed in less than 14 months. At this stage, a buyer has the rare opportunity to collaborate with a top-tier developer and customize select finishes, materials, and design details to reflect their personal vision. Conceived for elevated living, wellness, and entertaining, the home will feature six bedrooms, nine bathrooms, a state-of-the-art movie theater, a private wellness retreat with a sauna and gym, an expansive rooftop entertaining deck overlooking the ocean, and a spectacular nine-car garage with an integrated turntable. Located within the prestigious Kenter Canyon School District, this remarkable offering combines panoramic views, exceptional scale, sophisticated architecture, and the opportunity to create a truly personalized estate in one of the Westside's most desirable locations.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades PK-5 • 2.3 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 9.0 | 2.0 |
| Square foot | 9,738 | 1,675.469 |
| Lot Size | 16,399 | 6,126.393 |
| Price | $18.00M | $1.34M |
| Price per sq ft | $1.8K | $800 |
| Built year | 2024 | 1941 |
| HOA | $0 | $262 |
| Days on market | 36 | 56 |
Sep 18, 2026
$17,995,000
Initial Listing
Jun 30, 2021
$3,075,000
Public Record