It is initially listed in 2019 for just under $20 million.

In 2020, the price dropped to $14 million, then rose to $18 million in 2021.

And now it's back up to the higher amount of $21 million.

The property includes a four-bedroom, four-bathroom, 3,500-square-foot house with a swimming pool.

It was built in 1957 and has since been remodelled, according to the Los Angeles Times.

It is likely that the house has not been updated for some time, as the listing does not include any interior photographs.

This is a common practice as the interior is not ready for renovation.

In this case the value of the land is clear as the listing notes it as a major development opportunity.

The site comprises six parcels of land measuring 3.4 acres.

Multiple parcels mean that a buyer could build more homes on this land or create a huge family compound.

This type of land is not easily available in the 90210 postcode - especially as the site is mostly flat, which is conducive to building a home.

This is an extremely rare and creative economic opportunity to invest in a large piece of real estate in the precious setting of Beverly Hills.

It is possible, for example, for a developer to make a considerable profit by building at least four houses, each of which could fetch millions of dollars.