29
See all 29 photos
$2,100,000
Est. payment /mo
7 Beds
7 Baths
4,861 SqFt
New
11737 Bellagio RD Los Angeles, CA 90049
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,861 sqft
Price per Sqft $432
MLS Listing ID 26902413
Bedrooms 7
HOA Y/N No
Year Built 1949
Lot Size 6,494 Sqft
Property 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.
Location
State CA
County Los Angeles
Area C04 - Bel Air - Holmby Hills
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4368014016
Special Listing Condition Standard
Listed by Michael Monempour Lyon Stahl Investment Real Estate, Inc. #01996829
NEARBY SCHOOL & BUSINESS
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