960 Stradella Road, Los Angeles, California 90077, Los Angeles, 90077 - 5 bed, 6 bath
960 Stradella Road
Los Angeles, California 90077
Property Price
SUMMARY
Analysis of 960 Stradella Road, Los Angeles, California 90077 is currently available with a list price of $8,975,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, this property retains its mid-century modern architectural style but the interior finishes, particularly the kitchen and bathrooms, are significantly dated. The kitchen features older appliances and cabinet styles, while bathrooms show 80s/90s aesthetics with gold fixtures, mirrored walls, and older tile/shower enclosures. While the home appears well-maintained and functional, it requires substantial cosmetic updates to meet current luxury standards and buyer expectations, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 79722, living area = 4320.
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Location
Situated in the highly exclusive and prestigious Bel Air - Holmby Hills area (90077), offering significant prestige and desirability within the Los Angeles luxury market.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1962, the property may require significant modernization and updates to meet current luxury standards and buyer expectations, potentially incurring substantial renovation costs.
- Extended Market Time & Price History Concerns
An on-market date from October 2021 suggests a prolonged listing period, potentially indicating overpricing or other challenges. The conflicting sales history in 2022 (7.6M then 5.1M) also raises questions about valuation stability.
- High Price Point for Condition
The nearly $9 million list price, combined with the property's age and potential need for extensive renovations, could present a challenge in attracting buyers seeking move-in ready luxury.
About 960 Stradella Road
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 79,722 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Warner Avenue Elementary School
Grades K-5 • 1.6 mi
Roscomare Road Elementary School
Grades K-5 • 2.2 mi
Van Nuys Middle School
Grades 6-8 • 5.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 63% |
| Baths | 6.0 | 4.0 | 73% |
| Square foot | 4,320 | 2,892 | 75% |
| Lot Size | 79,722 | 25,100.5 | 79% |
| Price | $8.97M | $2.77M | 87% |
| Price per sq ft | $2.1K | $905 | 92% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1600 | 196 | 0% |
Pricing History
Sold
Aug 11, 2022
$5,100,000
Public Record
Sold
May 9, 2022
$7,600,000
Public Record
Sold
Dec 20, 2013
$5,150,000
Public Record
Sold
Dec 8, 2006
$3,950,000
Public Record