107 Fremont Place, Los Angeles, California 90005, Los Angeles, 90005 - 7 bed, 12 bath

107 Fremont Place, Los Angeles, California 90005 home-pic-0
ACTIVE$19,850,000
107 Fremont Place, Los Angeles, California 90005
7Beds
12Baths
16,762Sqft
63,878Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exclusive Guard-Gated Community: Located within Fremont Place, a historic, 24/7 guard-gated enclave renowned for its exclusivity, tranquility, and prestigious resident history, offering unparalleled security and privacy.
Top Cons:
High Association Fees: The property incurs a significant monthly association fee of $6,500, which adds a substantial recurring cost to ownership.

Compared to the nearby listings

Price:$19.85M vs avg $3.00M (+$16,848,000)88%
Size:16,762 sqft vs avg 3,217.5 sqft88%
Price/sqft:$1.2K vs avg $82588%

More Insights

Built in 1923 (102 years old).
Condition: Despite being built in 1923, the listing explicitly states 'masterful expansions and additions extending into the 21st century' and that the property has been 'brought up to the 21st century with every bell and whistle.' The images support this, showcasing a recently renovated kitchen with modern cabinetry, subway tile backsplash, and contemporary pendant lighting. The overall interior and exterior spaces appear pristine, with high-quality finishes, well-maintained hardwood and parquet flooring, and no signs of wear or deferred maintenance. All visible components meet current quality standards, indicating a comprehensive and recent renovation.
Year Built
1923
Close
-
List price
$19.85M
Original List price
$19.85M
Price/Sqft
$1,184
HOA
$6,500
Days on market
-
Sold On
-
MLS number
25550785
Home ConditionExcellent
Features
Pool
Patio
View

About this home

Location! Location! Fremont Place is the best kept secret in Los Angeles. Hidden behind stately columns along Wilshire Boulevard lies Fremont Place, an historic enclave in the Hancock Park district known for its exclusivity and enduring tranquility. Developed in the early 1900s during Los Angeles' rapid expansion and the rise of the Hollywood film industry, Fremont Place quickly became a magnet for grandeur and architectural experimentation. In those early cinematic days, set designers emerged as unexpected tastemakers, borrowing from global styles to craft dreamlike aesthetics for the silver screen. Real estate developers took notice, and few translated that vision more deftly than architects Meyer and Holler, the creative minds behind Grauman's Chinese and Egyptian Theaters. Among their lesser-known, but no less impressive, projects was a Mediterranean-style villa commissioned by Ocean Park developer and hotelier George Hart as his personal residence. The Hart-Jacobs Residence originally built in 1923 , with masterful expansions and additions extending into the 21st century. Set within an exclusive 24/7 guard-gated community, 107 Fremont Place is a masterpiece that is elegant and timeless! Reminiscent of the gilded age, this breathtaking Italian Villa has been brought up to the 21st century with every bell and whistle! Per the LA Times ad in 1911, "The Most Exclusive and highest-class residence community in the most desirable residential city in America - Fremont Place." The who's who of Los Angeles from our first Mayor, famous writers, actors to Mohammad Ali lived in Fremont Place and enjoyed the safety and exclusivity of living within these gates. Drawing inspiration from the Uffizi Palace in Florence, the house was celebrated in the Los Angeles Times shortly after its construction for its craftsmanship and architectural detail. Though the Italian Renaissance Revival style is often said to have waned after the 1930s, the Hart Estate remains a grand exception. The Hart-Jacobs Estate stands today not just as a home, but as a living testament to the enduring beauty of architectural revival.

Price History

Date
Event
Price
09/17/03
Sold
$3,657,500
Condition Rating
Excellent

Despite being built in 1923, the listing explicitly states 'masterful expansions and additions extending into the 21st century' and that the property has been 'brought up to the 21st century with every bell and whistle.' The images support this, showcasing a recently renovated kitchen with modern cabinetry, subway tile backsplash, and contemporary pendant lighting. The overall interior and exterior spaces appear pristine, with high-quality finishes, well-maintained hardwood and parquet flooring, and no signs of wear or deferred maintenance. All visible components meet current quality standards, indicating a comprehensive and recent renovation.
Pros & Cons

Pros

Exclusive Guard-Gated Community: Located within Fremont Place, a historic, 24/7 guard-gated enclave renowned for its exclusivity, tranquility, and prestigious resident history, offering unparalleled security and privacy.
Historical & Architectural Masterpiece: The Hart-Jacobs Residence is a breathtaking Italian Villa, built in 1923 and celebrated for its exquisite craftsmanship and architectural detail, drawing inspiration from Florence's Uffizi Palace.
Grand Scale & Luxury Living: Boasting an expansive 16,762 sqft of living space with 7 bedrooms and 12 bathrooms on a substantial 63,878 sqft lot, this estate offers vast proportions for opulent living.
Modernized Historic Estate: Masterfully expanded and updated into the 21st century with 'every bell and whistle,' the property seamlessly blends timeless elegance with contemporary amenities and functionality.
Prestigious Hancock Park Location: Situated in the highly desirable Hancock Park district, the property benefits from one of Los Angeles' most coveted and historically significant residential addresses.

Cons

High Association Fees: The property incurs a significant monthly association fee of $6,500, which adds a substantial recurring cost to ownership.
Specialized Maintenance for Historic Property: Despite modern updates, the property's 1923 origin and unique architectural style may necessitate specialized and potentially higher ongoing maintenance costs for preservation.
Ultra-Luxury Price Point: The $19.85 million list price targets a very niche market, which could potentially lead to a longer sales cycle compared to properties in broader price ranges.

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