645 Walther Way, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 2 bath
ACTIVE$3,760,000
645 Walther Way, Los Angeles, California 90049
4Beds
2Baths
1,842Sqft
9,202Lot
Price Vs. Estimate
The estimated value ($2,866,868.325) is $893,131.675 (23%) lower than the list price ($3,760,000). This property may be overpriced.
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 = 9202, living area = 1842.
Top Cons:
Existing Structure Condition: The current 1951-built, 1,842 sqft home is presented as a remodel or tear-down opportunity, indicating it requires significant investment or demolition before a new luxury estate can be realized.
Compared to the nearby listings
Price:$3.76M vs avg $3.92M ($-160,000)41%
Size:1,842 sqft vs avg 3,284 sqft9%
Price/sqft:$2.0K vs avg $1.3K91%
More Insights
Built in 1951 (74 years old).
Condition: The property, built in 1951, is explicitly marketed as a 'remodel or tear-down opportunity' in the listing description and property analysis. The value is clearly placed on the land and the Ready-To-Issue (RTI) plans for a new 6,900 sqft luxury estate, rather than the existing 1,842 sqft structure. The available images of the current interior (e.g., old carpet, dated wood paneling) and exterior (unlandscaped backyard) reinforce that the existing home is significantly outdated and requires substantial work, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and its value is based on redevelopment potential.
Year Built
1951
Close
-
List price
$3.76M
Original List price
$3.76M
Price/Sqft
$2,041
HOA
-
Days on market
-
Sold On
-
MLS number
25556225
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights
About this home
Don't miss this rare chance to remodel and live in a great neighborhood. Or build your dream home on a quiet culdesack in one of Brentwood's most prestigious neighborhoods. Surrounded by iconic estates and celebrity homes, this property offers sweeping views and endless potential. With RTI plans already in place, you can immediately begin building a stunning 6,900 sqft estate featuring 4 bedrooms, 6 bathrooms, a gym, theater, elevator, Infiniti pool, and a roof top deck. All designed for luxury living.
Nearby schools
5/10
Brentwood Science School
Public,•K-5•1.4mi
9/10
Franklin Elementary School
Public,•PK-5•2.1mi
5/10
Brockton Avenue Elementary School
Public,•K-5•2.1mi
7/10
Nora Sterry Elementary School
Public,•K-5•2.7mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.8mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•3.1mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.6mi
8/10
Lanai Road Elementary School
Public,•K-5•5.5mi
8/10
Lincoln Middle School
Public,•6-8•2.8mi
6/10
Gaspar De Portola Middle School
Public,•6-8•7.5mi
5/10
William Mulholland Middle School
Public,•6-8•8.4mi
6/10
University Senior High School
Public,•9-12•2.1mi
6/10
University Senior High School Charter
Public,•9-12•2.1mi
8/10
Santa Monica High School
Public,•9-12•4.1mi
6/10
Van Nuys Senior High School
Public,•9-12•8.4mi
Price History
Date
Event
Price
05/03/21
Sold
$2,450,000
Condition Rating
Tear down
The property, built in 1951, is explicitly marketed as a 'remodel or tear-down opportunity' in the listing description and property analysis. The value is clearly placed on the land and the Ready-To-Issue (RTI) plans for a new 6,900 sqft luxury estate, rather than the existing 1,842 sqft structure. The available images of the current interior (e.g., old carpet, dated wood paneling) and exterior (unlandscaped backyard) reinforce that the existing home is significantly outdated and requires substantial work, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and its value is based on redevelopment potential.
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 = 9202, living area = 1842.
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Prime Location: Situated on a quiet cul-de-sac in one of Brentwood's most prestigious neighborhoods, surrounded by iconic estates and celebrity homes, offering an exclusive and desirable address.
Development Ready (RTI Plans): Ready-to-Issue (RTI) plans are already in place for a stunning 6,900 sqft luxury estate, significantly reducing the time, cost, and uncertainty typically associated with new construction permitting.
Sweeping Views: The property boasts sweeping city lights views, a highly sought-after amenity that enhances desirability and potential future value.
Significant Upside Potential: Offers immense potential for a custom luxury build, allowing a buyer to create a bespoke dream home in a prime location, with the existing structure either being remodeled or replaced.
Generous Lot Size: A substantial 9,202 sqft lot provides ample space for the planned luxury amenities, including an Infiniti pool and a rooftop deck, catering to high-end lifestyle demands.
Cons
Existing Structure Condition: The current 1951-built, 1,842 sqft home is presented as a remodel or tear-down opportunity, indicating it requires significant investment or demolition before a new luxury estate can be realized.
High Total Investment Required: The list price of $3.76M primarily reflects the land and approved plans; buyers must be prepared for substantial additional construction costs to build the proposed 6,900 sqft luxury home.
Valuation Discrepancy: The property's estimated value of $2.86M is significantly lower than the list price, which may require thorough justification to potential buyers regarding the premium for the RTI plans and development opportunity.