Phrases like “development opportunity,” selling for land value” and “as is” are terms used in real estate that are often attributed to tear-downs, but such designations in the Los Angeles locale apply to more than just dilapidated homes as acreage, location and views can demand a higher price tag than a structure itself. Houses with famous owners, estates designed by renowned architects, and multimillion dollar mansions also fall into this category.
The Los Angeles Times recently featured tear-downs of note, highlighting properties like basketball great Elgin Baylor’s one-time home at the end of a quiet cul-de-sac in the Hollywood Hills that includes a level track of land available to build one’s dream. This beautiful property, listed by Jon Hamner of The Agency and Benjamin Bacal of Rodeo Realty is just one of many hot properties that buyers and architects alike have their sights on as the land and views become not only more rare, but a necessity in taking a noteworthy living space into an extraordinary residence.
‘Extraordinary’ is a word that can be used to describe the address of 601 Comstock which boasts a unique appeal; area enough to build an addition of a 20,000 square foot estate. Properties with land to create are more difficult to find as Southern California continues to draw in more people and this offers one lucky owner the freedom to dream a remarkable space into existence. The listing, with Blair Chang of The Agency, is located on a private street within close proximity to Beverly Hills, Westwood, and the Los Angeles Country Club.
Just as special Los Angeles estates includes multiple elements, the even more matchless are those that are a collaborative work pairing new design, careful planning, and a ‘one-of-a-kind je ne sais quoi.’ One such property at 9268 Robin Drive epitomizes awe-striking modern elegance from its chosen and rare placement above the Sunset Strip. Also listed with Jon Hamner and masterfully designed by internationally recognized architectural firm XTEN, the residence which has been in planning for two years and approved by the city, is sure to become an iconic symbol for future homes in LA.