3120 Elvido Drive, Los Angeles, California 90049, Los Angeles, - bed, bath
ACTIVE$2,050,000
3120 Elvido Drive, Los Angeles, California 90049
4Beds
5Baths
4,100Sqft
11,731Lot
Year Built
1967
Close
-
List price
$2.05M
Original List price
$2.05M
Price/Sqft
-
HOA
$1,750
Days on market
-
Sold On
-
MLS number
25592821
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Peek-A-Boo
ViewCity Lights,Hills,Mountain(s),Peek-A-Boo
About this home
RTI opportunity !!! Attention developers and end-users !! This is a rare chance to create a dream residence in the highly coveted, secluded neighborhood of Bel Air Skycrest. With sweeping, unobstructed views of the Valley and surrounding mountains, the property offers the perfect canvas to build a 4,200 sq. ft. home tailored to your vision. Balancing tranquility and security with unmatched convenience, the location provides easy access to Beverly Hills, Bel Air, Brentwood, and the Valley. Families will value its placement in the award-winning Roscomare Road Elementary school district, as well as its proximity to many of Los Angeles' top private schools.
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•1.4mi
9/10
Roscomare Road Elementary School
Public,•K-5•1.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.2mi
5/10
Brentwood Science School
Public,•K-5•5.5mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•5.9mi
5/10
Brockton Avenue Elementary School
Public,•K-5•6.0mi
9/10
Franklin Elementary School
Public,•PK-5•6.2mi
7/10
Nora Sterry Elementary School
Public,•K-5•6.3mi
6/10
Gaspar De Portola Middle School
Public,•6-8•4.0mi
5/10
William Mulholland Middle School
Public,•6-8•4.3mi
8/10
Lincoln Middle School
Public,•6-8•6.9mi
6/10
Van Nuys Senior High School
Public,•9-12•4.6mi
6/10
University Senior High School
Public,•9-12•6.0mi
6/10
University Senior High School Charter
Public,•9-12•6.0mi
8/10
Santa Monica High School
Public,•9-12•8.1mi
Price History
Date
Event
Price
09/15/25
Listing
$2,050,000
11/15/04
Sold
$1,675,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (140 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 5 | 4 | 55% |
| Square foot | 4,100 | 3,465 | 65% |
| Lot Size | 11,731 | 12,833 | 48% |
| Price | $2.05M | $4.15M | 5% |
| Price per square foot | $500 | $1,304 | 2% |
| Built year | 1967 | 1960 | 66% |
| HOA | $1,750 | 0% | |
| Days on market | 51 | 174 | 7% |
Condition Rating
Tear down
The property was built in 1967, making it over 50 years old. The listing description explicitly highlights an 'RTI opportunity' (Ready To Issue permits) and refers to the property as a 'perfect canvas to build a 4,200 sq. ft. home tailored to your vision.' The provided images include renderings of a completely new, modern residence, rather than photos of the existing interior. The absence of interior photos of the current structure, especially the kitchen and bathrooms, combined with the emphasis on redevelopment potential, strongly indicates that the value lies in the land and the existing structure is intended for demolition, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Development Ready (RTI): The property comes with 'Ready To Issue' (RTI) permits, significantly streamlining the development process for a 4,200 sq. ft. custom home and reducing project timelines and risks for developers and end-users.
Prime Bel Air Skycrest Location: Situated in the highly coveted and secluded Bel Air Skycrest neighborhood, offering a prestigious address with a balance of tranquility, security, and unmatched convenience to Beverly Hills, Bel Air, Brentwood, and the Valley.
Exceptional Panoramic Views: Boasts sweeping, unobstructed views of the Valley and surrounding mountains, including city lights and hills, providing a stunning backdrop for the future residence.
Customization Potential: Offers a perfect canvas to build a dream residence tailored precisely to the buyer's vision, allowing for modern design, amenities, and personalized luxury within a substantial 4,200 sq. ft. footprint.
Top-Rated School District: Located within the award-winning Roscomare Road Elementary school district and in close proximity to many of Los Angeles' top private schools, making it highly attractive for families.
Cons
Significant Additional Investment Required: As an 'RTI opportunity' for new construction, the listed price primarily covers the land and permits, necessitating substantial additional capital investment for the actual building of the 4,200 sq. ft. home.
Not Move-In Ready: The property is a development opportunity, meaning it is not suitable for immediate occupancy and requires a multi-year construction timeline, which may not appeal to buyers seeking a ready-to-live-in home.
Ongoing Association Fees: The property is subject to an annual association fee of $1750, representing an additional recurring cost for ownership that potential buyers must factor into their budget.