948 Bel Air Road, Los Angeles, California 90077, Los Angeles, 90077 - bed, bath
ACTIVE$29,950,000
948 Bel Air Road, Los Angeles, California 90077
0Bed
0Bath
16,000Sqft
43,732Lot
Year Built
Close
-
List price
$29.95M
Original List price
$29.95M
Price/Sqft
$1,872
HOA
-
Days on market
-
Sold On
-
MLS number
25517833
Home ConditionTear down
Features
Excellent View: City Lights, Canyon
Pool
Patio
ViewCity Lights,Canyon
About this home
We found 3 Cons,6 Pros. Rank: price - $29.95M(99th), sqft - 16000(99th), beds - undefined(1th), baths - undefined(1th).
Set on one of the last promontories available in prime Bel Air Road and surrounded by $50M-$100M estates, this investment is a once-in-a-lifetime opportunity that offers the most explosive views in the city. Front row with plans from world-renowned SAOTA Architecture to build a 16,000 SF organic modern masterpiece that will be worth well over $80M when complete. Situated at the 50 yard line of Bel-Air and Beverly Hills, just minutes from Hotel Bel-Air and the best dining, entertainment & shopping that Los Angeles has to offer.
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.4mi
2/10
Van Nuys Middle School
Public,•6-8•5.5mi
6/10
University Senior High School
Public,•9-12•3.3mi
6/10
University Senior High School Charter
Public,•9-12•3.3mi
6/10
Van Nuys Senior High School
Public,•9-12•6.9mi
Price History
Date
Event
Price
03/31/25
Listing
$29,950,000
12/13/19
Sold
$12,500,000
10/04/18
Sold
$10,100,000
Condition Rating
Tear down
The listing explicitly states that the property is being sold with plans from world-renowned SAOTA Architecture to build a new 16,000 SF organic modern masterpiece. This indicates that the value of the property is based solely on the land and its potential for redevelopment, implying the existing structure is intended for demolition. Images of the current structure (e.g., images 8 and 9) show an older, dated property with what appears to be original or very old windows, carpet, and finishes, consistent with a property that has not undergone major renovations in many decades and is considered a tear-down for a new luxury build.
Pros & Cons
Pros
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Unrivaled Location: Situated on one of the last available promontories in prime Bel Air Road, surrounded by $50M-$100M estates, offering an exclusive and prestigious address at the '50 yard line' of Bel-Air and Beverly Hills.
Explosive Views: Boasts the 'most explosive views in the city,' including city lights and canyon vistas, a highly coveted feature in the Los Angeles luxury market.
Pre-Approved Development Plans: Comes with plans from world-renowned SAOTA Architecture for a 16,000 SF organic modern masterpiece, significantly streamlining the development process for a buyer.
Exceptional Future Value Potential: The completed estate is projected to be worth 'well over $80M,' indicating a substantial return on investment for the developer or end-user.
Generous Lot Size: A substantial 43,732 sqft lot provides ample space for the planned 16,000 SF luxury residence and extensive outdoor amenities.
Cons
Significant Additional Investment: The listed price is for the land and plans; the buyer must fund the multi-million dollar construction of the 16,000 SF home, representing a substantial financial commitment beyond the purchase price.
Extended Development Timeline: Building a 16,000 SF custom estate, even with approved plans, will require a multi-year construction period, delaying immediate occupancy and tying up capital.
Niche Buyer Pool: This offering appeals to a very specific segment of ultra-luxury developers or end-users prepared for a large-scale, high-cost construction project, potentially limiting market liquidity compared to a completed home.