837 Linda Flora Drive, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath
ACTIVE$2,490,000$4,790/sqft
Est. Value: $2,398,266
-3%
AboveEstimate
837 Linda Flora Drive, Los Angeles, California 90049
4Beds
4Baths
4,790Sqft
23,472Lot
Price Vs. Estimate
The estimated value ($2,398,266.375) is $91,733.625 (3%) lower than the list price ($2,490,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Development Opportunity: The property is explicitly marketed as a prime development opportunity for developers and investors, offering significant potential for value creation in a prestigious area.
Top Cons:
Partially Completed Structure: The property features a partially completed structure, meaning it is not move-in ready and requires significant construction work to be habitable.
Compared to the nearby listings
Price:$2.49M vs avg $3.88M ($-1,385,000)12%
Size:4,790 sqft vs avg 3,138 sqft79%
Price/sqft:$520 vs avg $1.3K2%
More Insights
Built in 1978 (48 years old).
Condition: The property is explicitly described as a 'partially completed structure' and a 'prime development opportunity,' with images confirming it is an unfinished construction site. There are no habitable living spaces, functional kitchens, or bathrooms to assess. It is unlivable in its current condition, and its value is based solely on the land and potential for new construction or a complete rebuild, fitting the 'tear-down' criteria.
Year Built
1978
Close
-
List price
$2.49M
Original List price
$2.59M
Price/Sqft
$520
HOA
-
Days on market
-
Sold On
-
MLS number
25569767
Home ConditionTear down
Features
Good View: City Lights, Canyon, Hills
ViewCity Lights,Canyon,Hills
About this home
A prime development opportunity for developers and investors in lower Bel Air. Set on an expansive, nearly 23,500 square foot lot, this property offers sweeping canyon views to the west and views of the Getty Museum. The site features a partially completed structure, providing flexibility to remodel or build a brand new construction, expand the overall square footage, and design your own exterior features and amenities.
P
Philip Boroda
Listing Agent
Price History
Date
Event
Price
05/08/23
Sold
$350,000
04/20/23
Sold
$2,533,000
07/10/18
Sold
$1,750,000
06/29/09
Sold
$770,000
Condition Rating
Tear down
The property is explicitly described as a 'partially completed structure' and a 'prime development opportunity,' with images confirming it is an unfinished construction site. There are no habitable living spaces, functional kitchens, or bathrooms to assess. It is unlivable in its current condition, and its value is based solely on the land and potential for new construction or a complete rebuild, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Prime Development Opportunity: The property is explicitly marketed as a prime development opportunity for developers and investors, offering significant potential for value creation in a prestigious area.
Prestigious Location: Situated in lower Bel Air, a highly exclusive and sought-after neighborhood in Los Angeles, ensuring high demand and appreciation potential.
Expansive Lot Size: An impressive nearly 23,500 square foot lot provides ample space for a grand estate, extensive landscaping, and luxury amenities.
Sweeping Views: Offers sweeping canyon views to the west, views of the Getty Museum, City Lights, and Hills, enhancing the property's appeal and potential value.
Design Flexibility: The partially completed structure allows for ultimate flexibility to remodel, build a brand new construction, expand square footage, and design custom exterior features and amenities.
Cons
Partially Completed Structure: The property features a partially completed structure, meaning it is not move-in ready and requires significant construction work to be habitable.
Substantial Additional Investment: Beyond the purchase price, buyers must be prepared for a significant capital outlay for construction, permits, and finishing the project.
Niche Buyer Pool: The nature of the property as a development opportunity narrows the target market primarily to experienced developers or investors, rather than typical residential buyers seeking a finished home.