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1040 Cove Way, Beverly Hills, California 90210, Beverly Hills, 90210 - 6 bed, 7 bath

1040 Cove Way, Beverly Hills, California 90210 home-pic-0
ACTIVE$6,995,000
1040 Cove Way, Beverly Hills, California 90210
6Beds
7Baths
5,802Sqft
9,325Lot
Year Built
1964
Close
-
List price
$7M
Original List price
$7M
Price/Sqft
$1,206
HOA
-
Days on market
-
Sold On
-
MLS number
25515041
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,6 Pros. Rank: price - $7.00M(60th), sqft - 5802(69th), beds - 6(70th), baths - 7(66th).

Nestled on one of Beverly Hills' most coveted streets, this classic French-style estate designed by Bud Holden presents an incredible opportunity to create your dream home. Just a short stroll from the iconic Beverly Hills Hotel, this 6-bedroom, 7-bath residence spans over 5,800sf of timeless character and potential. With grand living spaces, original architectural details, and an expansive lot, this home is perfect for those looking to restore its historic charm or reimagine it into a modern masterpiece. The lush grounds offer plenty of space for outdoor living, whether you envision a tranquil garden retreat or an entertainer's paradise. A rare chance to own a piece of Beverly Hills history in an unbeatable location - bring your vision and make this extraordinary property your own.

Nearby schools

9/10
Warner Avenue Elementary School
Public,•K-5•1.5mi
9/10
West Hollywood Elementary School
Public,•K-5•1.8mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•2.1mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•2.6mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•2.9mi
7/10
Canfield Avenue Elementary School
Public,•K-5•3.1mi
5/10
Carthay Center Elementary
Public,•K-5•3.5mi
8/10
Hawthorne Elementary School
Public,•K-8•1.1mi
8/10
El Rodeo Elementary School
Public,•K-8•1.4mi
8/10
Beverly Vista Elementary School
Public,•K-8•2.1mi
8/10
Horace Mann Elementary School
Public,•K-8•2.7mi
3/10
Daniel Webster Middle School
Public,•6-8•4.1mi
7/10
Palms Middle School
Public,•6-8•4.4mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.7mi
7/10
John Burroughs Middle School
Public,•6-8•5.0mi
9/10
Beverly Hills High School
Public,•9-12•1.8mi
7/10
Fairfax Senior High School
Public,•9-12•3.4mi
6/10
University Senior High School Charter
Public,•9-12•3.8mi
6/10
University Senior High School
Public,•9-12•3.8mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•4.1mi
Condition Rating
Poor
Built in 1964, this property is 60 years old and the listing description explicitly states 'Extensive Renovation Needed' and 'Dated Construction.' The interior images show very dated decor, worn carpet, and original architectural details that, while charming, are not up to modern standards. The absence of kitchen and bathroom photos, combined with the description's emphasis on 'restoring its historic charm or reimagining it into a modern masterpiece,' strongly indicates these critical areas are severely outdated and require substantial rehabilitation. The property is not a tear-down as it has 'timeless character' and 'potential' for renovation, but it is far from move-in ready and would be uncomfortable to live in without significant updates to major systems and finishes.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Unbeatable Location: Situated on one of Beverly Hills' most coveted streets, offering exclusivity and immediate proximity to the iconic Beverly Hills Hotel.
Architectural Heritage: A classic French-style estate designed by renowned architect Bud Holden, providing unique character and historical significance.
Spacious Living & Lot: Features over 5,800 sqft with 6 beds and 7 baths, complemented by an expansive lot ideal for grand living and versatile outdoor development.
Restoration Potential: Boasts original architectural details and timeless character, presenting a unique opportunity for restoration or reimagining into a modern masterpiece.
Investment Opportunity: A rare chance to acquire a significant piece of Beverly Hills real estate with substantial upside potential through renovation and personalization.

Cons

Extensive Renovation Needed: The property requires significant investment and a comprehensive vision to restore its historic charm or transform it into a modern luxury home.
Dated Construction: Built in 1964, the estate likely features outdated systems and finishes that will necessitate substantial upgrades to meet contemporary luxury standards.
High Price Relative to Condition: The listing price is considerably higher than the estimated value, suggesting a premium for location and potential, but not reflecting the immediate move-in readiness or current condition.

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