tomo logo

$9,000,000

Beds
5
Baths
7.0
sq ft
10,997

491 Homewood Rd, Los Angeles, CA 90049

491 Homewood Rd

Los Angeles, CA 90049

  • 10 days on market
An exceptional development opportunity awaits on one of Brentwood's most sought-after streets. This expansive 20,300 sq. ft. flat corner lot on Homewood Road is being offered with fully approved RTI architectural plans and permits, including Haul Route approval. Construction can begin immediately, saving 3 years of planning and permitting, architectural and entitlement costs, and carrying expenses. Designed for those who appreciate timeless elegance and modern luxury, the proposed estate spans nearly 11,000 sq. ft. Thoughtfully curated for both grand entertaining and everyday living, the home will feature five spacious bedrooms, seven bathrooms, and two powder rooms. A private office, state-of-the-art gym, and wine cellar add both function and indulgence. For movie lovers, a dedicated home theater for a true cinematic experience, while an elegant bar creates the perfect setting for entertaining. An elevator connects all levels, ensuring seamless accessibility, while the expansive 3,000 sq. ft. garage comfortably accommodates six cars. Outside, a resort-style backyard awaits, complete with a stunning pool, a private pool house, and thoughtfully designed spaces for relaxation and gatherings. This is more than just a property; it's a chance to create something extraordinary in a premier Brentwood location. Architectural plans are available upon request. The original Builder and Architect, who were initially engaged for this project, can complete the build and deliver the finished home in approximately 24 months and for a fixed price of $24,000,000. Don't miss out on this rare opportunity.

Details

Property type

Single Family Residence

Est. home value

$8,518,647

Lot size

0.4662 acres

Price per sq ft

$819

Year built

1949

HOA

No

Price History

02/13/2025
CLAW

CLAW #25498225

Listed
$9,000,000
+28.66%
06/16/2024
CLAW

CLAW #24366279

Removed
$6,995,000
03/25/2024
CLAW

CLAW #24366279

Listed
$6,995,000

Schools & Community

Neighborhood: 

Brentwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eh National Bank

Loan start date

April 2021

Original loan amount

$3,840,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Commercial

Seller

Homewood 491 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 4:35 PM

Listing updated: 02/21/2025 at 5:35 AM

Listed by: Santiago Arana, The Agency Phone #: (424) 400-5900

MLS: CLAW #25498225

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