837 Linda Flora Drive, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath
ACTIVE$3,090,000$4,790/sqft
Est. Value: $2,342,602
-24%
AboveEstimate
837 Linda Flora Drive, Los Angeles, California 90049
4Beds
4Baths
4,790Sqft
23,472Lot
Price Vs. Estimate
The estimated value ($2,342,601.87) is $747,398.13 (24%) lower than the list price ($3,090,000). This property may be overpriced.
Key pros and cons
Top 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 = 23472, living area = 4790.
Top Cons:
Extensive Development Project: The property is not move-in ready, requiring significant additional investment, time, and effort to complete the partially built structure into a habitable luxury home.
Compared to the nearby listings
Price:$3.09M vs avg $3.88M ($-785,000)27%
Size:4,790 sqft vs avg 3,138 sqft79%
Price/sqft:$645 vs avg $1.3K3%
More Insights
Built in 1978 (48 years old).
Condition: The property is described as a 'partially completed structure' and a 'development opportunity' to build a 'one-of-a-kind contemporary estate.' The images confirm it is an unfinished construction site with exposed concrete, framing, and no habitable interior spaces, including no functional kitchen or bathrooms. It is unlivable in its current condition, and its value is clearly based on the land and potential for redevelopment, aligning with the 'tear-down' criteria.
Year Built
1978
Close
-
List price
$3.09M
Original List price
$3.59M
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
IG25000884
Home ConditionTear down
Features
Excellent View: Canyon, Mountain(s), Panoramic
Deck
ViewCanyon, Mountain(s), Panoramic
About this home
Nestled in the prestigious hills of Bel Air, this incredible property offers sweeping views of Los Angeles and Century City, presenting the perfect canvas for building a one-of-a-kind contemporary estate. Located on the Famous Linda Flora it offers views of The Getty and a Peak-a-boo ocean view from the deck. This development opportunity is situated on approximately 23,500 square feet of land, this property offers abundant space for both relaxation and entertainment. Currently, there is a partially completed 5,500 square feet structure on the property, offering a unique opportunity to finish the build according to different plans if desired. Don't miss the chance to create a masterpiece in one of Los Angeles' most desirable neighborhoods.
B
Brittanie Costa
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 described as a 'partially completed structure' and a 'development opportunity' to build a 'one-of-a-kind contemporary estate.' The images confirm it is an unfinished construction site with exposed concrete, framing, and no habitable interior spaces, including no functional kitchen or bathrooms. It is unlivable in its current condition, and its value is clearly based on the land and potential for redevelopment, aligning with the 'tear-down' criteria.
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 = 23472, living area = 4790.
Prestigious Location: Nestled in the highly sought-after hills of Bel Air on the 'Famous Linda Flora Drive,' offering an exclusive and desirable address.
Panoramic Views: Boasts sweeping views of Los Angeles, Century City, The Getty, and a peek-a-boo ocean view, which are premium features in this luxury market.
Significant Development Potential: Presented as a 'canvas for building a one-of-a-kind contemporary estate,' appealing to high-net-worth buyers looking to customize a luxury home.
Generous Lot Size: An expansive lot of approximately 23,500 square feet provides abundant space for a grand estate, extensive landscaping, and luxury amenities.
Existing Partially Completed Structure: The presence of a partially completed 5,500 square foot structure offers a potential head start for construction and design flexibility, possibly reducing initial planning and permitting time compared to raw land.
Cons
Extensive Development Project: The property is not move-in ready, requiring significant additional investment, time, and effort to complete the partially built structure into a habitable luxury home.
High Total Investment Required: Beyond the purchase price, the cost to finish a 'one-of-a-kind contemporary estate' of this scale in Bel Air will be substantial, limiting the buyer pool to those with significant capital for construction.
Valuation Discrepancy: The current listing price of $3.09 million is considerably higher than the estimated property value of $2.34 million, which may indicate an aggressive pricing strategy given its current state as a development project.