1037 Bel Air Court, Los Angeles, California 90077, Los Angeles, 90077 - 4 bed, 6 bath
ACTIVE$19,995,000
1037 Bel Air Court, Los Angeles, California 90077
4Beds
6Baths
3,869Sqft
293,748Lot
Year Built
1948
Close
-
List price
$20M
Original List price
$25M
Price/Sqft
$5,168
HOA
-
Days on market
-
Sold On
-
MLS number
25496897
Home ConditionTear down
Features
Excellent View: City Lights, Canyon, Ocean
ViewCity Lights,Canyon,Ocean
About this home
We found 3 Cons,7 Pros. Rank: price - $20.00M(94th), sqft - 3869(54th), beds - 4(50th), baths - 6(66th).
The Bel Air Court Estate
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.8mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.0mi
2/10
Van Nuys Middle School
Public,•6-8•5.1mi
6/10
University Senior High School
Public,•9-12•3.5mi
6/10
University Senior High School Charter
Public,•9-12•3.5mi
6/10
Van Nuys Senior High School
Public,•9-12•6.6mi
Condition Rating
Tear down
Built in 1948, this property is 76 years old. The MLS analysis explicitly states it 'likely requires substantial modernization and updates to its infrastructure and interior design' and suggests that a buyer 'might consider a tear-down/rebuild.' The absence of interior images, particularly of the kitchen and bathrooms, strongly implies these areas are significantly outdated and not a selling feature. The property's substantial value is clearly derived from its expansive 6.7-acre lot and prime Bel Air location, rather than the existing structure, which aligns with the criteria for a tear-down.
Pros & Cons
Pros
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 = 293748, living area = 3869.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Prime Bel Air Location: Situated on Bel Air Court within the highly exclusive C04 Bel Air - Holmby Hills area, this address signifies unparalleled prestige and desirability in one of Los Angeles' most coveted neighborhoods.
Panoramic Views: The property boasts breathtaking 'City Lights, Canyon, and Ocean' views, a premium amenity that significantly enhances its luxury appeal and market value.
Expansive Estate-Sized Lot: An exceptional 293,748 sqft (approx. 6.7 acres) lot provides immense privacy, ample space for extensive amenities, and significant future development potential in a land-scarce luxury market.
Luxurious Bath-to-Bed Ratio: With 6 bathrooms for 4 bedrooms, the property offers a high level of convenience and luxury, indicative of a well-appointed estate suitable for sophisticated living and entertaining.
Iconic Estate Branding: Marketed as 'The Bel Air Court Estate,' this branding reinforces its status as a significant and distinguished property within one of the world's most exclusive residential enclaves.
Cons
Age of Construction: Built in 1948, the property likely requires substantial modernization and updates to its infrastructure and interior design to align with current luxury market expectations, potentially incurring significant renovation costs.
Significant Price Adjustment: A substantial $5 million reduction from the original list price of $25 million suggests potential initial overvaluation or market challenges, which could prompt buyer scrutiny regarding the property's true value or condition.
Modest Home Size for Lot: At 3,869 sqft on a sprawling 6.7-acre lot, the existing residence is relatively modest for an estate of this scale in Bel Air, potentially indicating that the current structure may not fully capitalize on the land's development potential, or that a buyer might consider a tear-down/rebuild.