9501 Gloaming Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 6 bed, 6 bath
ACTIVE$34,995,000
9501 Gloaming Drive, Beverly Hills, California 90210
6Beds
6Baths
6,377Sqft
448,668Lot
Year Built
1939
Close
-
List price
$34.99M
Original List price
$34.99M
Price/Sqft
$5,488
HOA
-
Days on market
-
Sold On
-
MLS number
24403249
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Panoramic, Trees/Woods
Pool
ViewCity Lights,Hills,Mountain(s),Panoramic,Trees/Woods
About this home
We found 3 Cons,5 Pros. Rank: price - $34.99M(97th), sqft - 6377(76th), beds - 6(70th), baths - 6(59th).
Iconic Beverly Hills Land Offering! This property ranks as the most noteworthy in Beverly Hills, distinguished by its unparalleled cityscape, ocean and canyon views. Up a long exclusive gated and private driveway, this expansive 10+ acre promontory, comprised of predominantly level terrain, presents an ideal canvas for the creation of the ultimate trophy compound. RTI Permit ready that includes three structures totaling over 30,000 square feet with manicured gardens and amenities.
Nearby schools
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.3mi
9/10
West Hollywood Elementary School
Public,•K-5•2.2mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.5mi
9/10
Warner Avenue Elementary School
Public,•K-5•3.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.6mi
8/10
Hawthorne Elementary School
Public,•K-8•2.8mi
8/10
El Rodeo Elementary School
Public,•K-8•3.6mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.3mi
2/10
Van Nuys Middle School
Public,•6-8•4.5mi
7/10
Fairfax Senior High School
Public,•9-12•3.3mi
8/10
North Hollywood Senior High School
Public,•9-12•3.4mi
9/10
Beverly Hills High School
Public,•9-12•3.9mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•4.2mi
6/10
Van Nuys Senior High School
Public,•9-12•5.8mi
6/10
University Senior High School
Public,•9-12•6.0mi
6/10
University Senior High School Charter
Public,•9-12•6.0mi
Price History
Date
Event
Price
06/12/24
Listing
$34,995,000
Condition Rating
Tear down
The property was built in 1939, making it 85 years old. The listing description heavily emphasizes the 'land offering' as an 'ideal canvas for the creation of the ultimate trophy compound' with 'RTI Permit ready that includes three structures totaling over 30,000 square feet.' This strongly suggests the existing 6,377 sqft structures are not the primary value and are intended for demolition or extensive redevelopment. There are no interior images or mentions of recent renovations, further supporting that the value is in the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Unparalleled Views: The property boasts unparalleled cityscape, ocean, and canyon views, making it one of the most desirable view properties in Beverly Hills.
Expansive & Developable Land: An expansive 10+ acre promontory with predominantly level terrain offers a rare and ideal canvas for creating a grand trophy compound.
Permit-Ready Development: The property comes with RTI (Ready-To-Issue) permits for three structures totaling over 30,000 square feet, significantly streamlining the development process.
Exclusive & Private Location: Accessed via a long, exclusive, gated, and private driveway, ensuring utmost privacy and security within the prestigious Beverly Hills 90210 area.
Iconic Status: Marketed as an 'Iconic Beverly Hills Land Offering,' it is distinguished as one of the most noteworthy properties in the area, enhancing its prestige and investment appeal.
Cons
High Price Point: With a list price of nearly $35 million, the property targets an extremely niche market, limiting the pool of potential buyers.
Significant Additional Investment Required: While RTI permits are a strength, the property is presented as a development opportunity, implying substantial additional capital investment will be required to construct the proposed 30,000+ sqft compound.
Age of Existing Structure: Built in 1939, the existing 6,377 sqft residence is likely outdated and may require extensive renovation or demolition to align with the vision of a modern 'trophy compound,' adding to overall project costs and complexity.