948 Bel Air Road, Los Angeles, California 90077, Los Angeles, 90077 - bed, bath
ACTIVE$29,950,000$16,000/sqft
948 Bel Air Road, Los Angeles, California 90077
0Bed
0Bath
16,000Sqft
43,732Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43732, other record lot size in square feet = 43635. Living area discrepancy between mls listing and other public or private record. mls listing living area = 16000, other record living area = 3234.
Compared to the nearby listings
Price:$29.95M vs avg $2.85M (+$27,100,000)98%
Size:16,000 sqft vs avg 2,917 sqft98%
Price/sqft:$1.9K vs avg $90392%
More Insights
Condition: This listing is primarily for the land and approved architectural plans for a new 16,000 SF luxury estate. The existing structure, visible in some images, is an older, dated home with carpeted floors and an outdated style, clearly intended for demolition to make way for the proposed modern masterpiece. The property's value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria.
Year Built
Close
-
List price
$29.95M
Original List price
$29.95M
Price/Sqft
$1,872
HOA
-
Days on market
-
Sold On
-
MLS number
26638701
Home ConditionTear down
Features
Excellent View: City Lights, Canyon
Deck
Pool
Spa
Patio
ViewCity Lights,Canyon
About this home
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.
B
Branden Williams
Listing Agent
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
12/13/19
Sold
$12,500,000
10/04/18
Sold
$10,100,000
Condition Rating
Tear down
This listing is primarily for the land and approved architectural plans for a new 16,000 SF luxury estate. The existing structure, visible in some images, is an older, dated home with carpeted floors and an outdated style, clearly intended for demolition to make way for the proposed modern masterpiece. The property's value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Unrivaled Location & Exclusivity: Situated on a prime Bel Air Road promontory, surrounded by ultra-luxury estates, offering unparalleled prestige and exclusivity within one of the world's most coveted neighborhoods.
Panoramic City & Canyon Views: Boasts 'the most explosive views in the city,' encompassing stunning city lights and canyon vistas, a highly sought-after and value-driving amenity.
Significant Investment Potential: Described as a 'once-in-a-lifetime opportunity' with a projected value well over $80M upon completion, indicating substantial future appreciation and return on investment.
World-Class Architectural Plans: Includes approved plans by renowned SAOTA Architecture for a 16,000 SF organic modern masterpiece, streamlining the development process for a bespoke luxury residence.
Generous Lot Size: A substantial 43,732 sqft lot provides ample space for a grand estate, ensuring privacy, expansive outdoor living areas, and design flexibility.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43732, other record lot size in square feet = 43635. Living area discrepancy between mls listing and other public or private record. mls listing living area = 16000, other record living area = 3234.
Requires Extensive Development: The offering is for land with architectural plans, necessitating a significant and costly construction project to realize the envisioned 16,000 SF residence.
Substantial Additional Capital Investment: Beyond the $29.95M land price, the buyer must commit to a multi-million dollar construction budget to complete the proposed $80M+ estate, requiring significant financial liquidity.
Extended Project Timeline: The construction of a custom 16,000 SF luxury home will involve a lengthy development period, delaying immediate occupancy and the realization of the full property value.