ACTIVE$1,900,000

507 N Sierra Bonita Avenue, Los Angeles, California 90036

2Beds

1Bath

1,210Sqft

6,502Lot

Year Built

1923

List price

$1.9M

Original List price

$1.9M

Price/Sqft

$1,570

HOA

Days on market

Sold On

MLS number

25624411

Home ConditionTear down

Features

Pool

View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $1.90M(30th), sqft - 1210(4th), beds - 2(9th), baths - 1(4th).

Attention Developers, Investors and End-Users!!! An exceptional opportunity in the heart of Beverly Grove, offered with Ready-to-Issue (RTI) permits and the rare option for the seller to build the home for the buyer, a turnkey path to creating your dream residence. Plans call for a warm Spanish-modern 5-bedroom, 5.5-bath architectural home with effortless flow, curated natural materials and a refined indoor-outdoor connection. The layout has been thoughtfully designed with generous living spaces, ensuite bedrooms and an inviting great room that opens to a sparkling backyard pool, a true oasis for entertaining and relaxation. Whether you're looking to develop, invest, or customize your own future home, this offering provides unmatched flexibility in one of Los Angeles' most coveted walkable neighborhoods, moments from The Grove, Beverly Center, Melrose and West Hollywood amenities. A prime Beverly Grove opportunity with both vision and execution ready to go.

Nearby schools

7/10

Hancock Park Elementary School

Public,•K-5•0.8mi

8/10

Third Street Elementary School

Public,•K-5•1.3mi

2/10

Vine Street Elementary School

Public,•K-6•1.7mi

3/10

Laurel Elementary School

Public,•K-8•0.8mi

7/10

John Burroughs Middle School

Public,•6-8•1.5mi

7/10

Fairfax Senior High School

Public,•9-12•0.4mi

Price History

Date

Event

Price

12/02/25

Listing

$1,900,000

06/03/25

Sold

$1,200,000

Condition Rating

Tear down

The property, built in 1923, is explicitly described as an 'outdated and undersized' existing structure that 'requires demolition.' The listing is primarily for the land and Ready-to-Issue (RTI) permits for a new 5-bedroom, 5.5-bath Spanish-modern home, which is what the provided images depict. The current dwelling is considered beyond repair and its value is based solely on the land and redevelopment potential, fitting the criteria for a tear-down.

Pros & Cons

Pros

Prime Beverly Grove Location: Situated in a highly coveted, walkable neighborhood, offering immediate access to The Grove, Beverly Center, Melrose, and West Hollywood amenities.

Ready-to-Issue (RTI) Permits: Permits are already secured, significantly reducing development timelines and associated risks for a new luxury home.

Turnkey Development Option: Rare opportunity for the seller to build the proposed home, offering a convenient, hands-off path for buyers to create their dream residence.

High-Value Proposed Development: Approved plans for a spacious 5-bedroom, 5.5-bath Spanish-modern architectural home with a pool, designed for seamless indoor-outdoor living.

Versatile Investment Opportunity: Appeals to a broad market including developers, investors, and end-users seeking a custom-built luxury property in a prime location.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-03. The sold price is $1,200,000.00.

Existing Structure Requires Demolition: The current 1923, 2-bed, 1-bath, 1210 sqft home is outdated and undersized, indicating the purchase price is primarily for the land and permits, not the existing dwelling.

Substantial Additional Capital Investment: The $1.9M list price covers the land and permits; significant construction costs will be required to build the proposed luxury home.

Extended Timeline for Occupancy: This is not a move-in ready property; buyers must factor in a considerable construction period before the new home can be occupied.

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

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507 N Sierra Bonita Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 2 bed, 1 bath

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI