11222 Bellagio Road, Los Angeles, California 90049, Los Angeles, - bed, bath

home-pic
ACTIVE$5,918,000
11222 Bellagio Road, Los Angeles, California 90049
2Beds
3Baths
2,446Sqft
25,475Lot
Year Built
1951
Close
-
List price
$5.92M
Original List price
$5.92M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
25526897
Home ConditionFair
Features
Good View: Canyon, Ocean
Patio
ViewCanyon, Ocean

About this home

One of the true Bel-Air parcels which can naturally support a sprawling residence equally stately and romantic, 11222 Bellagio Road is a rare development opportunity. The lot is 25,470 SF (.58 acres), 15,000 SF of which is completely flat today. A proposed retaining wall will add another approx. 5,000 SF of flat land bringing the total to approx. 20,000 SF. The property sits within the 1927 plan for Bel-Air, paved and situated before Alphonzo Bell relinquished artistic control of Bel-Air at the beginning of the Great Depression. Today the virtues of Bell's design for this part of Bel-Air continue to draw prestige and investment unparalleled elsewhere in Los Angeles, and the world. Two-hundred feet from 11222 Bellagio rises arguably the most valuable residence in America at 11101 Chalon Road. Designs commissioned by the seller for a new 8,594 SF house attest to the quality of this parcel of land. While many new houses of such size in Bel-Air, Holmby Hills or Beverly Hills result in rooms facing dark side yards, retaining walls, etc., all the rooms in the planned estate on this lot open onto the sunny backyard and its views.

Price History

Date
Event
Price
11/06/20
Sold
$3,227,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (140 Listings)
Beds24
3%
Baths34
31%
Square foot2,4463,463
18%
Lot Size25,47512,925
79%
Price$5.92M$4.17M
70%
Price per square foot$2,419$1,314
97%
Built year19511960
31%
HOA
Days on market198177
60%
Condition Rating
Fair

The property was built in 1951. The listing focuses on the land's potential and commissioned designs for a new house, suggesting the existing structure is not the primary selling point. The aerial images show an older roof and general exterior appearance, indicating it likely requires updates. Given the age and the emphasis on new construction potential, a 'fair' condition is appropriate, implying it's aged but maintained, though likely outdated.
Pros & Cons

Pros

Prime Bel-Air Location: Located in a prestigious area of Bel-Air, known for its high property values and desirable neighborhood.
Significant Development Opportunity: The large lot size (25,470 SF) with a substantial flat area (15,000 SF, potentially 20,000 SF) presents a rare opportunity for building a sprawling estate.
Commissioned Designs Available: Designs for an 8,594 SF house are already commissioned, offering a head start for potential buyers looking to build.
Desirable Views: The property boasts canyon and ocean views, enhancing its appeal and potential value.
Optimal Orientation: The planned estate design ensures all rooms open onto the sunny backyard, maximizing natural light and views.

Cons

Existing Structure: The existing structure is a 2 bed 3 bath house, which may require demolition or extensive renovation to realize the full potential of the lot.
Price Point: The list price of $5,918,000 may be considered high, especially considering the need for significant development or renovation.
Development Costs: Developing the property, including potential retaining wall construction, will incur significant additional costs.

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