$2,575,000
$225K PRICE DROP

Estimated payment $16,796/month

Total Views 3,110
8 Beds
8 Baths
4,992 Sq Ft
$516 Price per Sq Ft

About This Home

JUST REDUCED! ALMOST A 5 CAP IN BEL AIR!!! We are pleased to offer for sale a timeless mid-century gem located in the prestigious Westside enclave of Bel Air. 11747 Bellagio Road presents the unique opportunity to acquire a quintessential value-add property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units. Each of the units has a terrific floor plan and offers an abundance of natural light. Other property features include a well landscaped facade, a charming sitting area, an on-site laundry room, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of Los Angeles' best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

Listing Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 05/07/2025

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Interior Spaces

  • 4,992 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Car Detached Garage
  • Assigned Parking

Additional Features

  • 6,495 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4368-014-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4992
  • Lot Acreage: 0.1491
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 515.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Detached
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 1061208
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 2122416
  • Total Assessed Value: 3183624
  • Assessor Parcel Number: 4368-014-015
  • Lot Size Area: 6495

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.91
  • Number Of Units: 8
  • Total Annual Expense: 67237
  • Type Of Units: 1s
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $2,575,000 -8.0% $516 / Sq Ft
05/07/2025 05/07/25 For Sale $2,800,000 -- $561 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25535387

The MLS