Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Available for Principals Only. Contact for more details.

Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.

Photo
Property TypeSingle Family
LocationLos Angeles, California
Map It
TitleAlmost RTI Ready Luxury Modern Contemporary Home Development Project in Exclusive Bel Air
Summary

Almost RTI Ready Luxury Home Development in Bel Air
Located next door to new Hadid Project

Details

Project consists of the development of a contemporary 2 story 9500 SF home located in the desirable Bel Air neighborhood located on a 26000 SF lot with 11,000 SF of the lot being flat. Home will feature a fully finished functional basement and massive rooftop with an infinity pool. Also featured is a 3 car garage, large backyard with space, as well as no step down for the kitchen area and basement.

Income and Sales Details

Seller has spent over $300K and 3 years to get here
Only two more permits needed for the full RTI
Estimated time to secure permits at 30 days
Comps on the lot alone was $3,000,000
Cost to complete project $7,200,000
Comps in area at $18,000,000

Asking Price$2,900,000.00
Date UpdatedNovember 21, 2024