See Home Value
$8,501,623*
Land - Off Market

1951 BEL AIR RD

Los Angeles, CA 90077
bedrooms
Studio
bathrooms
0 Bath
$7,650,000 - $9,348,000
Reference Base Price*
0.03%
Since Jun 1, 2022
CA-Los Angeles
Primary Model
Sold May 20, 2022
$7,500,000
$22,720,000 by Preferred Bank
Mortgage
Sold Jun 27, 2008
Transfer

About This Property

Project 1951...An almost 5 acre development site in prime Bel Air, offering a rare opportunity to build a single-family compound on this private mountain top. The property has undergone extensive infrastructure improvements with caissons and retaining walls already in place. The iconic hilltop property hovers high above the city, offering unobstructed views in this world class location. This developer's dream has unlimited potential. Situated amongst celebrity estates and just moments away from the iconic Bel Air Hotel, this is truly a once-in-a-lifetime opportunity that will never be seen again.
Unit Size
-
Days on Market
-
Land Size
4.71 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1951

Price History

Date / Event Date Event Price
May 22, 2022 No longer available -
No longer available
May 20, 2022 Sold $7,500,000
Sold
Dec 11, 2021 In contract -
In contract
Sep 1, 2021 No longer available -
No longer available
Aug 30, 2021 Listed $8,499,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 205,373
  • Lot Size Depth Feet: 7,000
  • Lot Size Frontage Feet: 2,280
  • Total Building Area: 2,900
  • Building Area: 2,900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 15024
  • Land Acres: 4.715
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 15024 LOT/SEC 6

Ownership

  • Current Owner : 1951 BEL AIR ROAD LLC
  • Previous Owner : ALIYONI LLC
  • Owner Before Previous Owner: WEGENER VIANO D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 262100

Zoning

  • Zoning: LARE40

Geography

  • Assessors Map Reference: 32-D3
  • Subdivision Tract Number: 15024
  • Parcel: 4370-013-025
  • Block: 1
  • Lot: 6
  • Municipality: WEST /BELAIR/HOLMBY H
  • Latitude: 34.1027
  • Longitude: -118.453

    Address

  • Full Address: 1951 Bel Air Rd
  • Address - House Number: 1951
  • Address - Street Name: Bel Air
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C045
  • 4-Digit Zip Code: 2727
  • Zip Code: 90077

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $52,010
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2398
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 66
  • Final Value: 5,263,534
  • High Value: 6,525,892
  • Low Value: 4,001,176

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $22,720,000
  • First Open Lien Mortgage Lender: PREFERRED BANK
  • First Open Lien Mortgage Recording Date: Feb 14, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $22,720,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,650,000
  • Assessed Land Value: $7,650,000

    Sales

  • Current Sale Contract Date: May 10, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Transaction ID: 11888070519
  • Current Sale Price: $7,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 548304
  • Previous Sale Recording Date: Jun 27, 2008
  • Previous Sale Contract Date: May 13, 2008
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PREFERRED BANK
  • First Mortgage Transaction Date: May 20, 2022
  • First Mortgage Loan Amount: $3,750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
6 Baths
4,587 ft²
$1,918/ft²
$8,800,000 Mar 7, 2023
-
-
House
5 Beds
6 Baths
5,580 ft²
$1,765/ft²
$9,850,000 Mar 15, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1951 Bel Air Road built and last sold?
The property at 1951 Bel Air Road was built in 1951 and last sold on May 10, 2022 for $7,500,000.
How much is this home worth?
The estimated value of the home located at 1951 Bel Air Road is $8,583,990.
What are some comparable homes to 1951 Bel Air Road?
There are currently no comparable homes to 1951 Bel Air Road.

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