948 Bel Air Road, Los Angeles, California 90077, Los Angeles, 90077 - bed, bath
ACTIVE$16,495,000
948 Bel Air Road, Los Angeles, California 90077
0Bed
0Bath
16,000Sqft
43,732Lot
Year Built
Close
-
List price
$16.5M
Original List price
$16.5M
Price/Sqft
$1,031
HOA
-
Days on market
-
Sold On
-
MLS number
24444791
Home ConditionTear down
Features
Excellent View: City Lights, Canyon
ViewCity Lights,Canyon
About this home
We found 2 Cons,3 Pros. Rank: price - $16.50M(91th), sqft - 16000(99th), beds - undefined(1th), baths - undefined(1th).
Set on one of the last promontories available in prime Bel Air Road and surrounded by $50M-$100M estates, this investment is a once-in-a-lifetime opportunity that offers the most explosive views in the city. Front row with plans from world-renowned SAOTA Architecture to build a 16,000 SF organic modern masterpiece that will be worth well over $80M when complete. Situated at the 50 yard line of Bel-Air and Beverly Hills, just minutes from Hotel Bel-Air and the best dining, entertainment & shopping that Los Angeles has to offer.
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.4mi
2/10
Van Nuys Middle School
Public,•6-8•5.5mi
6/10
University Senior High School
Public,•9-12•3.3mi
6/10
University Senior High School Charter
Public,•9-12•3.3mi
6/10
Van Nuys Senior High School
Public,•9-12•6.9mi
Price History
Date
Event
Price
12/13/19
Sold
$12,500,000
10/04/18
Sold
$10,100,000
Condition Rating
Tear down
The listing describes an investment opportunity to build a new 16,000 SF modern home. The current structure is likely very old and not worth renovating, making it a tear-down. The value is in the land and the potential for a new build.
Pros & Cons
Pros
Prime Location: Located on a promontory in Bel Air Road, surrounded by high-value estates, offering a prestigious address.
Exceptional Views: Boasts explosive city and canyon views, enhancing the property's desirability and potential value.
Development Opportunity: Comes with approved plans from SAOTA Architecture for a 16,000 SF modern masterpiece, offering a clear path to significant value appreciation.
Cons
Construction Required: The property requires significant construction to realize its full potential, involving time and capital investment.
High Investment: The completed project is estimated to be worth over $80M, indicating a substantial initial investment is necessary.