$10 Million Tear-Down? Only In LA

LOS ANGELES, CA -- The Bel-Air estate known as "Capo di Monte" (Top of the Mountain) is in probate listed at $9.9 million, but it will probably go for quite a bit more for that if a bidding war breaks out for the property.

Overlooking LA from the one of the most expensive zip codes in the state, Capo di Monte is big enough to be divided into five estates. Experts expect the current five-bedroom home to be torn down to make room for five new mansions or one mega-mansion similar to the mammoth and controversial one Mohamed Hadid is building down the road.

Capo di Monte is considered the oldest structure in Bel Air.

• Address: 940 Strada Vecchia Rd, Los Angeles, California
• Price: $9,900,000
• Square Feet: 4428
• Bedrooms: 5
• Bathrooms: 5 Full and 1 Half Baths
• Built: 1928
• Features: Probate sale, subject to overbidding and court confirmation. Accepted offer. Overbidding will start at $12,663,000. Court date and time will be published once known. Exciting developer/contractor opportunity to own this unique gated home plus an additional 5 lots extending from Strada Vecchia to Bel Air Road. This 5 bedroom home was once the garage for the estate "Capo di Monte"{Top of the Mountain}. Per Wikimapia it is the oldest standing structure in Bel Air. The gated property opens into a large motor court with space for 8 or more cars. Enter through the double door entry into a large formal marble floored entry and then into the spacious living room and formal dining room. The master suite is on the main level, 2 bedrooms (one with FP and own bath) upstairs and a den and maid's suite downstairs. Views everywhere and there is even a head on city/ocean view along one of the many pathways. Besides the motor court there is a 2 car garage with potential direct access and additional driveway parking. There is a pool that has been drained and may leak. Potential tear down and a perfect opportunity to create a paradise unequaled. Requires all cash due to property condition. Stated lot square footage includes all 6 lots.

This listing originally appeared on realtor.com. For more information and photos, click here.