
Los Angeles, California 90049
This property presents a Strong Value Opportunity with a List Price of $7,495,000—positioned well below the $6,824,105 Fair Market Value by -9%. While the home maintains a Condition Rating of 3, the massive 33,110 sqft lot and seller-backed joint venture potential offer significant upside for redevelopment. Featuring panoramic city views, a Viking-equipped kitchen, and a private pool, this asset balances luxury lifestyle with high-level development potential. It is an ideal acquisition for Custom Home Developers or Sophisticated Investors seeking a prime Bel Air project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 Linda Flora Drive Subject | $7,495,000* List Price | 5 | 6 | 5,102 | $1,338 | - |
A 253 Ashdale Place Sold | $7,502,102 | 6 | 6 | 5,616 | $1,336 | 0.6 mi |
B 1116 Linda Flora Drive Active | $7,900,000 List Price | 5 | 6 | 5,290 | $1,493 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1971, the property features a significant renovation (estimated 10-15 years ago) including high-end Viking appliances, an oversized kitchen island, and updated bathrooms with jetted tubs and frameless glass. The interior appears well-maintained and move-in ready, though the seller's mention of a joint venture for redevelopment suggests the 50-year-old systems may eventually require a full overhaul to match the land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33110, living area = 5102.
Situated on a prestigious gated street in Bel Air, the property offers expansive city light views and a private, contemporary setting that commands high market appeal.
The 5,102 sqft floor plan features vaulted ceilings, a professional-grade Viking kitchen, a large wet bar, and seamless indoor-outdoor flow to a pool and sprawling patios.
Originally built in 1971, the home likely requires significant modernization or a full remodel to meet the expectations of today's ultra-luxury buyers in this price point.
At a list price of nearly $7.5M, the acquisition cost is substantial for those looking to utilize the property as a development site, potentially tightening profit margins.
Welcome to this gated contemporary gem, tucked away on a desirable Bel Air street with fantastic views of twinkling city lights. Numerous walls of glass and picture windows throughout welcome natural light within this spacious floor plan. A stone fireplace commands the living room, with its wood floors and towering vaulted ceilings. In the kitchen, discover Viking appliances, copious cabinetry, an eat-in breakfast area, and an oversized center island with cooktop, commercial-size hood, prep sink, and serving ledge. Entertain family and friends in the formal dining room, complete with wide-plank flooring and set amidst a striking backdrop of the cityscape beyond. The family room includes a large wet bar for serving guests, built-in book cases, and a raised sunny viewing area that looks out to the sparkling pool. The primary bedroom opens to the outside via sliding glass and has an en-suite bath with jetted tub, separate shower, and dual-sink vanity. Other bedrooms and bathrooms are well-appointed and light-filled. A bonus room, currently imagined as an office, can be a gym or yoga studio and opens to a sun deck. There is also a dry sauna for maximizing wellness! In the backyard, dine al-fresco on sprawling patios, tend to the vegetable gardens, and enjoy incredible views of the city. Note: In addition to being offered for sale, the seller is open to exploring a joint venture partnership to develop a new project or remodel the existing property. Interested parties are welcome to inquire about joint-venture opportunities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 5,102 | 1,664.159 |
| Lot Size | 33,110 | 6,066.556 |
| Price | $7.50M | $1.35M |
| Price per sq ft | $1.5K | $806 |
| Built year | 1971 | 1939 |
| HOA | $0 | $278 |
| Days on market | 30 | 55 |
Aug 10, 2026
$7,495,000
Initial Listing
Oct 21, 2022
$4,500,000
Public Record
Jun 17, 2004
$2,950,000
Public Record