991 Bel Air Road, Los Angeles, California 90077, Los Angeles, 90077 - 3 bed, 4 bath
ACTIVE$5,499,000
991 Bel Air Road, Los Angeles, California 90077
3Beds
4Baths
2,483Sqft
40,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prestigious Bel Air Location: Situated in an exclusive and highly desirable enclave, offering unparalleled prestige and investment value within one of Los Angeles's most coveted neighborhoods.
Top Cons:
Substantial Investment Beyond Purchase Price: The high list price primarily reflects land value and development potential, requiring significant additional capital for renovation or new construction to realize its full value.
Compared to the nearby listings
Price:$5.50M vs avg $3.50M (+$2,001,500)69%
Size:2,483 sqft vs avg 3,409 sqft28%
Price/sqft:$2.2K vs avg $92894%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property exhibits severe structural damage, particularly to the roof with large sections missing and exposed framing, rendering it unlivable and unsafe. The listing description itself highlights it as a 'development opportunity' suggesting it should be 'completely rebuilt,' indicating the value lies primarily in the land rather than the existing structure. The extent of the damage makes it economically unfeasible to repair, aligning with the criteria for a tear-down.
Year Built
1952
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$2,215
HOA
-
Days on market
-
Sold On
-
MLS number
25597131
Home ConditionTear down
Features
Excellent View: City Lights, Canyon
Pool
Patio
ViewCity Lights,Canyon
About this home
An extraordinary development opportunity awaits in the prestigious enclave of Bel Air. Perched on a rare 40,200 square foot lot, the property captures sweeping, unobstructed views that stretch across the city, canyons, and out to the Pacific Ocean. The existing residence is a walled and gated Cape Cod style home of approximately 4,200 square feet. Beyond the cobblestone motor court, the home features soaring ceilings in the living room, a formal dining area, a breakfast space, and a family room. The backyard is anchored by a private pool with bluestone decking, perfectly positioned to enjoy head on city and ocean vistas. Whether reimagined through renovation or completely rebuilt into a new architectural masterpiece, this property represents one of the most compelling opportunities in Bel Air.
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.6mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.2mi
2/10
Van Nuys Middle School
Public,•6-8•5.3mi
6/10
University Senior High School
Public,•9-12•3.4mi
6/10
University Senior High School Charter
Public,•9-12•3.4mi
6/10
Van Nuys Senior High School
Public,•9-12•6.7mi
Price History
Date
Event
Price
11/06/13
Sold
$4,069,540
03/30/05
Sold
$4,550,000
Condition Rating
Tear down
Built in 1952, this property exhibits severe structural damage, particularly to the roof with large sections missing and exposed framing, rendering it unlivable and unsafe. The listing description itself highlights it as a 'development opportunity' suggesting it should be 'completely rebuilt,' indicating the value lies primarily in the land rather than the existing structure. The extent of the damage makes it economically unfeasible to repair, aligning with the criteria for a tear-down.
Pros & Cons
Pros
Prestigious Bel Air Location: Situated in an exclusive and highly desirable enclave, offering unparalleled prestige and investment value within one of Los Angeles's most coveted neighborhoods.
Exceptional Development Potential: Marketed as an 'extraordinary development opportunity,' this property is ideal for creating a custom luxury estate through extensive renovation or a complete new construction.
Panoramic Unobstructed Views: Features sweeping, unobstructed vistas of the city, canyons, and the Pacific Ocean, a premium and highly sought-after amenity that significantly enhances property value.
Generous & Rare Lot Size: A substantial 40,200 square foot lot provides ample space for a grand residence, extensive landscaping, and privacy in a prime Bel Air location.
Desirable Existing Outdoor Amenities: Includes a private pool with bluestone decking, strategically positioned to maximize enjoyment of the stunning city and ocean views.
Cons
Substantial Investment Beyond Purchase Price: The high list price primarily reflects land value and development potential, requiring significant additional capital for renovation or new construction to realize its full value.
Outdated & Undersized Existing Residence: The 1952-built, 2,483 sq ft home is likely outdated and undersized for the lot's potential, necessitating a major overhaul or complete rebuild to meet modern luxury standards.
Complex Development Project: Realizing the property's full potential involves a significant and potentially lengthy development project, including design, permitting, and construction, which may deter some buyers.