1950 Carla, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 6 bath

1950 Carla, Beverly Hills, California 90210 home-pic-0
ACTIVE$7,950,000
1950 Carla, Beverly Hills, California 90210
4Beds
6Baths
4,303Sqft
19,889Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 19889, living area = 4303.
Top Cons:
Substantial Additional Investment Required: The property, despite its high list price, necessitates significant further capital investment for either the approved new build or a comprehensive, high-end remodel of the existing structure.

Compared to the nearby listings

Price:$7.95M vs avg $5.25M (+$2,700,000)62%
Size:4,303 sqft vs avg 3,967 sqft53%
Price/sqft:$1.8K vs avg $1.2K76%

More Insights

Built in 1961 (64 years old).
Condition: The property was built in 1961, making the existing structure over 60 years old. The listing explicitly states the current residence is 'likely dated in its design and systems' and 'requires extensive renovation to meet modern luxury standards.' The marketing heavily focuses on 'ready-to-issue (RTI) approved plans for a stunning new build' and the opportunity to 'create a world-class estate,' implying the value is in the land and development potential. The provided images are renderings of a proposed new build, not the current 1961 home, which further indicates the existing structure is not a selling point and is considered a tear-down for a buyer seeking a modern luxury property in this exclusive area.
Year Built
1961
Close
-
List price
$7.95M
Original List price
$7.95M
Price/Sqft
$1,848
HOA
-
Days on market
-
Sold On
-
MLS number
25590509
Home ConditionTear down
Features
Excellent View: City Lights, Mountain(s), Panoramic, Valley
ViewCity Lights,Mountain(s),Panoramic,Valley

About this home

Located in the heart of prime Trousdale Estates, 1950 Carla Ridge presents an unmatched opportunity to create a world-class estate in one of Beverly Hills' most coveted enclaves. The property comes with ready-to-issue (RTI) approved plans for a stunning new build of approximately 10,980 square feet, offering a rare chance to develop a modern masterpiece with ease. Set on a generous. 45acre lot, the site enjoys captivating views of the Mountains, Hollywood Sign, Griffith Observatory, and partial DTLA skyline providing the perfect backdrop for both entertaining and everyday living. Currently, there is a 4,030 square foot residence featuring 4 bedrooms and 6 bathrooms. The home offers immediate options for a sophisticated remodel, with the potential to easily add square footage and enhance its design. The area has seen extraordinary sales, with the neighboring home trading for over $24 million and another just two doors down selling for $35 million, underscoring the unique value and potential of this offering. Whether pursuing the approved ground-up build or reimagining the existing structure, this property offers exceptional flexibility for investors, developers, or end-users alike. A truly rare offering 1950 Carla Ridge is an extraordinary canvas in one of Los Angeles' most exclusive neighborhoods.

Nearby schools

9/10
Wonderland Avenue Elementary School
Public,K-50.7mi
9/10
West Hollywood Elementary School
Public,K-51.6mi
8/10
Hawthorne Elementary School
Public,K-82.4mi
3/10
Hubert Howe Bancroft Middle School
Public,6-83.5mi
7/10
Fairfax Senior High School
Public,9-122.6mi
9/10
Beverly Hills High School
Public,9-123.6mi
6/10
University Senior High School Charter
Public,9-126.1mi
6/10
University Senior High School
Public,9-126.1mi

Price History

Date
Event
Price
04/01/24
Sold
$6,400,000
Condition Rating
Tear down

The property was built in 1961, making the existing structure over 60 years old. The listing explicitly states the current residence is 'likely dated in its design and systems' and 'requires extensive renovation to meet modern luxury standards.' The marketing heavily focuses on 'ready-to-issue (RTI) approved plans for a stunning new build' and the opportunity to 'create a world-class estate,' implying the value is in the land and development potential. The provided images are renderings of a proposed new build, not the current 1961 home, which further indicates the existing structure is not a selling point and is considered a tear-down for a buyer seeking a modern luxury property in this exclusive area.
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 = 19889, living area = 4303.
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: Situated in the heart of Trousdale Estates, one of Beverly Hills' most exclusive and coveted enclaves, offering unparalleled prestige and desirability.
Approved Development Plans (RTI): Includes ready-to-issue (RTI) approved plans for a new 10,980 sq ft build, significantly streamlining the development process and reducing time and risk for a future owner.
Exceptional Panoramic Views: Boasts captivating views of the Mountains, Hollywood Sign, Griffith Observatory, and a partial DTLA skyline, providing a stunning backdrop for luxury living.
Significant Upside Potential: Strong comparable sales in the immediate vicinity (neighboring homes trading for $24M and $35M) underscore the substantial value appreciation potential post-development or extensive remodel.
Flexible Investment Opportunity: Offers exceptional flexibility for investors, developers, or end-users, allowing for either a ground-up new construction or a sophisticated remodel and expansion of the existing structure.

Cons

Substantial Additional Investment Required: The property, despite its high list price, necessitates significant further capital investment for either the approved new build or a comprehensive, high-end remodel of the existing structure.
Dated Existing Structure: The current 1961-built residence is likely dated in its design and systems, requiring extensive renovation to meet modern luxury standards expected in this prestigious neighborhood.
High Entry Price for Development Opportunity: The $7.95 million asking price represents a substantial initial investment for a property that is primarily positioned as a development or major renovation project, potentially narrowing the buyer pool.

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