Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

501 Woodruff Avenue

Los Angeles, CA, 90024

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$5,299,000

MLS: 26647363

Beds

6

Baths

7

Sq Ft

7,271

Lot

0.38 ac

Year Built

MLS #

26647363

Days on Market

60

Listed

Feb 13, 2026

Description

Located in coveted Little Holmby, 501 Woodruff Ave presents a rare opportunity to create a world-class residence on an expansive 16,539 sq ft lot in one of the Westside's most prestigious and tightly held neighborhoods. The offering includes impressive soon-to-be RTI plans for a refined European-inspired estate thoughtfully designed for modern luxury living, resort-style amenities, and flexibility for a buyer to modify or tailor the plans to their preferences. The architecture blends classical proportions and detailing including arched openings, symmetrical massing, a limestone-style facade, and wrought-iron railings with clean lines and contemporary glazing, for a timeless yet modern aesthetic. The proposed design calls for approximately 7,271 sqft with a highly functional, lifestyle-driven layout featuring 6 bedrooms and 7 total bathrooms. The main living spaces open directly to a generous rear terrace and pool deck, creating a seamless indoor-outdoor connection. Plans include expansive living and entertaining spaces, an attached garage, and pool, allowing a buyer to move forward efficiently with development. Planned layout includes: First Floor with grand living spaces, kitchen, dining and family areas, one bedroom suite, gym and powder room; Upper Level with a primary suite, multiple secondary bedroom suites, lounge, and laundry; Lower Level with attached garage, mechanical, and support areas. Currently on the property sits a traditional 4-bedroom, 5-bath home totaling approximately 3,792 sq ft. Set on a prime Little Holmby street near UCLA, Westwood Village, and top Westside destinations, this is a unique chance to build a signature estate in one of the Westside's most sought-after neighborhoods.

Location

Los Angeles, Los Angeles County, CA 90024

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Listed by: Dennis Adelpour · Berkshire Hathaway HomeServices California Properties

Payment estimate

$37,109

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $529,900 · Loan: $4,769,100

%
Principal & Interest
$29,302
Property tax (1.25%)
$5,520
Homeowners insurance
$300
Mortgage insurance
$1,987
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $185,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Los Angeles, CA 90024 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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