
Los Angeles, California 90004
This 1924 Tudor estate represents a High-Potential Investment Opportunity, listed at $4,799,999—positioned well below the $4,970,620 Fair Market Value by 3%. This valuation gap provides $170,621 in Instant Equity for buyers prepared to manage a comprehensive restoration. With a Condition Rating of 5, the property requires significant capital to modernize its historic 5,955 sqft footprint. Featuring a 20,000-square-foot lot, pool, and guest house, it is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a landmark Hancock Park legacy project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 N Rossmore N Subject | $4,799,999* List Price | 5 | 4 | 5,955 | $835 | - |
A 341 N June Sold | $6,200,000 | 5 | 6 | 6,791 | $913 | 0.5 mi |
B 322 N June Street Active Under Contract | $5,299,000 List Price | 6 | 6 | 6,620 | $800 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this property is explicitly marketed as a restoration project needing to be 'reimagined' and 'transformed.' While currently staged, the kitchen and bathrooms feature dated tile work and cabinetry consistent with a 30-50 year old renovation, and the listing's emphasis on 'restoring' suggests that major systems and finishes require a full rehab.
Situated in the heart of Hancock Park on a rare 20,000-square-foot lot, this property offers exceptional scale and privacy in one of Los Angeles' most coveted historic neighborhoods.
This 1924 Tudor estate features nearly 6,000 square feet of living space with timeless craftsmanship, en-suite bathrooms for every bedroom, and a detached guest house for maximum flexibility.
The sprawling grounds and pool provide a massive canvas for creating a premier indoor-outdoor legacy estate, supported by proximity to top-rated schools like Third Street Elementary.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5955, other record living area = 4962. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
The property is marketed as a restoration project, implying that substantial capital and time will be necessary to modernize the home and address potential deferred maintenance.
Being located within a Historic Preservation Overlay Zone (HPOZ) subjects any exterior renovations to strict historical guidelines, which can limit design flexibility and complicate the permitting process.
Nestled on an expansive approximately 20,000-square-foot lot in the heart of prestigious Hancock Park, this iconic Tudor estate presents a once-in-a-generation opportunity to restore, reimagine, or create an extraordinary legacy residence. Rich in architectural character and timeless elegance, home showcases the craftsmanship and charm that define one of Los Angeles’ most coveted historic neighborhoods. The residence offers generously scaled living spaces, en-suite bathrooms in every bedroom, and a thoughtful floor plan ready to be transformed into a spectacular modern estate while honoring its historic roots. A detached guest house provides exceptional flexibility for guest accommodations, a private office, or multigenerational living. The sprawling grounds feature a pool and an abundance of outdoor space rarely found in Hancock Park, creating the perfect canvas for exceptional indoor-outdoor living and entertaining. Located within the Historic Preservation Overlay Zone (HPOZ), this distinguished property offers the unique opportunity to preserve and enhance a true architectural gem. Surrounded by grand estates, tree-lined streets, and just moments from Larchmont Village, The Grove, Beverly Hills, and some of Los Angeles’ finest schools, dining, and cultural destinations, this is an exceptional offering for discerning buyers seeking a landmark property with limitless potential. Bring your vision and restore this magnificent Tudor to its next chapter.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 5,955 | 1,664.159 |
| Lot Size | 20,000 | 6,066.556 |
| Price | $4.80M | $1.35M |
| Price per sq ft | $806 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 37 | 55 |
Aug 3, 2026
$4,799,999
Initial Listing
Dec 29, 2023
$3,900,000
Public Record
Jun 1, 2022
$4,750,000
Public Record