118 N La Peer Drive, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 3 bath
ACTIVE$2,550,000
118 N La Peer Drive, Los Angeles, California 90048
3Beds
3Baths
1,748Sqft
6,001Lot
Price Vs. Estimate
The estimated value ($1,862,934.92) is $687,065.08 (26%) lower than the list price ($2,550,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Significant Price Discrepancy: The current list price of $2.55M is substantially higher than the estimated property value of $1.86M, which may suggest an aggressive pricing strategy or potential overvaluation.
Compared to the nearby listings
Price:$2.55M vs avg $2.55M (+$0)50%
Size:1,748 sqft vs avg 2,276 sqft25%
Price/sqft:$1.5K vs avg $1.0K85%
More Insights
Built in 1926 (99 years old).
Condition: Despite being built in 1926, the property has undergone a 'tastefully remodeled throughout' and 'totally renovated' transformation, as explicitly stated in the description and supported by the images. The kitchen features modern wood cabinetry, black granite countertops, and stainless steel appliances, all in excellent condition. The bathroom boasts a contemporary floating double vanity and modern fixtures. Hardwood floors are present in living areas and bedrooms, and the overall aesthetic is clean, updated, and move-in ready. The outdoor amenities, including a pool, spa, and cabana, further enhance its appeal. While the original build year and a potential lack of central AC are noted, the extensive and high-quality renovations bring the property's condition to an excellent standard, meeting current quality expectations with minimal physical depreciation in its key living spaces.
Year Built
1926
Close
-
List price
$2.55M
Original List price
$2.4M
Price/Sqft
$1,459
HOA
-
Days on market
-
Sold On
-
MLS number
24462701
Home ConditionExcellent
Features
Pool
Spa
Patio
View-
About this home
Tastefully remodeled throughout. Expanded Living room with large gorgeous window and fireplace. Totally renovated oversized kitchen w island, bay window and breakfast nook. Main Bedroom overlooking the beautiful backyard with walking closet and fantastic double shower bath. Second Bedroom also has walk- in closet. Step down from patio to lovely backyard w pool & spa, barbecue stand and large relaxing cabana. Enjoy urban living walking distance to restaurants, markets, Cider Sini and Beverly Center.
Nearby schools
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•0.8mi
9/10
West Hollywood Elementary School
Public,•K-5•0.9mi
7/10
Hancock Park Elementary School
Public,•K-5•1.5mi
5/10
Carthay Center Elementary
Public,•K-5•1.5mi
8/10
Horace Mann Elementary School
Public,•K-8•0.8mi
8/10
Beverly Vista Elementary School
Public,•K-8•0.9mi
3/10
Laurel Elementary School
Public,•K-8•1.6mi
7/10
John Burroughs Middle School
Public,•6-8•3.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.0mi
7/10
Fairfax Senior High School
Public,•9-12•1.6mi
9/10
Beverly Hills High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
05/21/12
Sold
$875,000
08/31/07
Sold
$1,210,000
04/26/02
Sold
$630,000
Condition Rating
Excellent
Despite being built in 1926, the property has undergone a 'tastefully remodeled throughout' and 'totally renovated' transformation, as explicitly stated in the description and supported by the images. The kitchen features modern wood cabinetry, black granite countertops, and stainless steel appliances, all in excellent condition. The bathroom boasts a contemporary floating double vanity and modern fixtures. Hardwood floors are present in living areas and bedrooms, and the overall aesthetic is clean, updated, and move-in ready. The outdoor amenities, including a pool, spa, and cabana, further enhance its appeal. While the original build year and a potential lack of central AC are noted, the extensive and high-quality renovations bring the property's condition to an excellent standard, meeting current quality expectations with minimal physical depreciation in its key living spaces.
Pros & Cons
Pros
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Extensive Modern Remodel: The property has been tastefully remodeled throughout, including a totally renovated oversized kitchen with an island, bay window, and breakfast nook, ensuring modern aesthetics and functionality.
Luxurious Outdoor Amenities: The lovely backyard features a pool, spa, barbecue stand, and a large relaxing cabana, offering exceptional private outdoor living and entertainment space.
Highly Desirable Walkable Location: Situated in an urban setting, the home boasts excellent walkability to restaurants, markets, Cedars-Sinai, and the Beverly Center, providing a convenient and vibrant lifestyle.
Thoughtful Interior Features: The expanded living room with a large gorgeous window and fireplace, along with walk-in closets in both bedrooms, adds to the home's comfort, charm, and practical appeal.
Premium Master Suite: The main bedroom offers a luxurious retreat with a walk-in closet and a fantastic double shower bath, overlooking the beautiful backyard.
Cons
Significant Price Discrepancy: The current list price of $2.55M is substantially higher than the estimated property value of $1.86M, which may suggest an aggressive pricing strategy or potential overvaluation.
Potential Lack of Central AC: The property description does not explicitly mention central air conditioning, which could be a notable drawback for a luxury home in Los Angeles' climate, especially when compared to similar updated properties.
Age-Related Infrastructure Concerns: Despite extensive remodeling, a home built in 1926 may still present underlying age-related infrastructure challenges (e.g., plumbing, electrical, foundation) that could lead to unforeseen maintenance or upgrade costs.