991 Bel Air Road, Los Angeles, California 90077, Los Angeles, 90077 - 3 bed, 4 bath
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Los Angeles, California 90077
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000, positioned well below the $5,499,000 Fair Market Value by 55%. This significant valuation gap offers $2,999,000 in Instant Equity for buyers prepared to execute a full-scale redevelopment. With a Condition Rating of 6, the existing structure requires a complete rebuild. The 40,200 sq ft lot features Panoramic City and Ocean Views and a Private Pool, making it an ideal acquisition for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 991 Bel Air Road Subject | $3,000,000* List Price | 3 | 4 | 2,483 | $1,158 | - |
A 1181 Somera Road Sold | $3,200,000 | 4 | 4 | 2,994 | $1,069 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
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.
Situated in an exclusive and highly desirable enclave, offering unparalleled prestige and investment value within one of Los Angeles's most coveted neighborhoods.
Marketed as an 'extraordinary development opportunity,' this property is ideal for creating a custom luxury estate through extensive renovation or a complete new construction.
Features sweeping, unobstructed vistas of the city, canyons, and the Pacific Ocean, a premium and highly sought-after amenity that significantly enhances property value.
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.
The 1952-built, 2,483 sq ft home is likely outdated and undersized for the lot's potential, necessitating a major overhaul or complete rebuild to meet modern luxury standards.
Realizing the property's full potential involves a significant and potentially lengthy development project, including design, permitting, and construction, which may deter some buyers.
AUCTION BIDDING OPEN! Previously Listed for $5.499M. Bidding ends May 28th. Current High Bid is $3,000,000. 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.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,483 | 2,842 | 31% |
| Lot Size | 40,200 | 24,262 | 63% |
| Price | $3.00M | $2.86M | 52% |
| Price per sq ft | $1.2K | $954 | 73% |
| Built year | 1952 | 1970 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 248 | 152 | 75% |
May 28, 2026
$3,000,000
$2,500,000
+20% Price Increase
Initial Listing
May 16, 2026
$2,500,000
$5,499,000
-55% Price Drop
Initial Listing
Oct 1, 2025
$5,499,000
Initial Listing
Nov 6, 2013
$4,069,540
Public Record
Mar 30, 2005
$4,550,000
Public Record