Beverlywood home sale sets record for priciest teardown
Beverlywood land sale sets new record at $6.52 million for a property destined for demolition.
(Photo via Realtor.com)
A residential property in the Beverlywood neighborhood of Los Angeles has sold for $6.52 million, establishing a new local record for a teardown transaction. The sale, reported on Nov. 5, 2026, highlights the increasing value of land in the area.
The property is located on a golf course, adding to its appeal in a market where demand for prime real estate continues to rise. While the identities of the buyer and seller remain undisclosed, the transaction reflects a growing trend in the neighborhood where the value of the land often surpasses that of the existing structure.
The site is slated for demolition to accommodate new development. This sale serves as a benchmark for high-value property transactions in the region, as developers and buyers continue to prioritize land acquisition in sought-after Los Angeles communities.