Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

991 Bel Air Road

Los Angeles, CA, 90077

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$5,499,000

MLS: 25597131

Beds

3

Baths

4

Sq Ft

2,483

Lot

0.92 ac

Year Built

1952

MLS #

25597131

Days on Market

184

Listed

Oct 1, 2025

Description

LUXURY PROPERTY AUCTION: 1-13 May. Accepting starting bids through 30 April. Starting bids expected between $2.5M-$3.5M. Earn an incentive by 30 April. An extraordinary development opportunity awaits in the prestigious enclave of Bel Air. Perched on a rare 40,200 square foot lot, the property captures sweeping, unobstructed views that stretch across the city, canyons, and out to the Pacific Ocean. The existing residence is a walled and gated Cape Cod style home of approximately 4,200 square feet. Beyond the cobblestone motor court, the home features soaring ceilings in the living room, a formal dining area, a breakfast space, and a family room. The backyard is anchored by a private pool with bluestone decking, perfectly positioned to enjoy head on city and ocean vistas. Whether reimagined through renovation or completely rebuilt into a new architectural masterpiece, this property represents one of the most compelling opportunities in Bel Air.

Location

Los Angeles, Los Angeles County, CA 90077

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Listed by: Aaron Kirman · Christie's International Real Estate SoCal

Payment estimate

$38,498

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $549,900 · Loan: $4,949,100

%
Principal & Interest
$30,408
Property tax (1.25%)
$5,728
Homeowners insurance
$300
Mortgage insurance
$2,062
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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 $192,465 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 90077 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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