11737 Bellagio Road,Los Angeles, CA 90049
Los Angeles, CA 90049
Description
Offered for the first time ever, 11737 Bellagio Road presents an exceptionally rare opportunity to acquire a generational multifamily asset in ultra-prime Bel Air, one of the most prestigious and tightly held enclaves in all of Los Angeles. Situated on a premier street in a rarely traded pocket of the Westside, this 5-unit property features an excellent and highly desirable unit mix consisting of (3) one-bedroom, one-bathroom units and (2) two-bedroom, two-bathroom units. All five units will be delivered 100% vacant at the close of escrow, giving the buyer a truly blank canvas and the immediate ability to renovate, reposition, and capture premium Bel Air rental income from day one, entirely free of legacy tenancies. The property is exempt from Senate Bill 8, with no rental income reported over the past five years, allowing the full land value to be recognized without having to replace any units under affordable housing. Adding further flexibility, the property currently functions as a 4-unit building, opening the door to potential residential financing, and all units are separately metered for gas and electric. Beyond its income potential, 11737 Bellagio Road offers meaningful long-term development upside. The 6,490 square foot LA-R3 lot supports up to 10 units by right with ADUs, approximately 14,256 square feet of buildable area, and a 45-foot height limit, positioning the site as both a covetable income property today and a premier development opportunity. ** Developer to verify with LA Dept Building & Safety. Ideally located moments from Brentwood Village, the San Vicente retail corridor, UCLA, Westwood, and Century City, the property offers future tenants unmatched access to the Westside's finest dining, shopping, and everyday conveniences, all from an address in one of the most affluent and enduring neighborhoods in Los Angeles. With its first-time-ever availability, coveted Bel Air location, 100% vacant delivery, SB 8 exemption, and by-right development potential, 11737 Bellagio Road stands as an irreplaceable Westside multifamily opportunity.
Details
| MLS # | 26902413 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 30 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Michael Monempour |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,861 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90049 |
| Area | C04 Bel Air Holmby Hills |
| Listing VS Median (in 90049) | |
Price: $2,100,000 low | high Med: $1,499,000 sqft: 4,861 low | high Med: 1,609 $ / sqft: $432 low | high Med: $932 On site: 30 low | high Med: 16 | |
Market Activity 90049
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90049 |
| Area | C04 Bel Air Holmby Hills |
| Listing VS Median (in 90049) | |
Price: $2,100,000 low | high Med: $1,499,000 sqft: 4,861 low | high Med: 1,609 $ / sqft: $432 low | high Med: $932 On site: 30 low | high Med: 16 | |
