142 S La Peer Drive, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 3 bath
ACTIVE$3,750,000
142 S La Peer Drive, Los Angeles, California 90048
3Beds
3Baths
1,713Sqft
6,001Lot
Year Built
1925
Close
-
List price
$3.75M
Original List price
$4.15M
Price/Sqft
$2,189
HOA
-
Days on market
-
Sold On
-
MLS number
25499531
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.75M(75th), sqft - 1713(25th), beds - 3(46th), baths - 3(50th).
Property is currently tenant occupied. Showings by appointment only. 3 Bedroom 3 Bathroom House + Studio Guest House with full kitchen, bathroom and laundry.
Nearby schools
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•0.9mi
9/10
West Hollywood Elementary School
Public,•K-5•1.0mi
5/10
Carthay Center Elementary
Public,•K-5•1.4mi
7/10
Hancock Park Elementary School
Public,•K-5•1.5mi
8/10
Horace Mann Elementary School
Public,•K-8•0.7mi
8/10
Beverly Vista Elementary School
Public,•K-8•0.8mi
3/10
Laurel Elementary School
Public,•K-8•1.7mi
7/10
John Burroughs Middle School
Public,•6-8•2.9mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.0mi
9/10
Beverly Hills High School
Public,•9-12•1.6mi
7/10
Fairfax Senior High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
12/15/95
Sold
$290,000
Condition Rating
Fair
Built in 1925, this property has undergone cosmetic updates in the main house's kitchen and bathrooms, featuring stainless steel appliances, shaker cabinets, and subway tile, making these areas move-in ready. The guest house also appears to have functional, updated amenities. However, despite these updates, the property's age (1925) strongly suggests that major systems such as plumbing, electrical, and HVAC are likely older and may require significant future investment, as highlighted in the property analysis. While maintained, the overall condition points to an aged home with occasional updates, where major components are functional but show signs of being outdated, aligning with a 'Fair' rating.
Pros & Cons
Pros
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: Situated in the highly desirable Beverly Center-Miracle Mile area of Los Angeles (90048), offering excellent access to amenities, entertainment, and urban conveniences.
Versatile Guest House: Includes a separate studio guest house complete with a full kitchen, bathroom, and laundry, providing potential for rental income, multi-generational living, or a dedicated home office.
Generous Lot Size: The property boasts a substantial 6001 sqft lot, offering valuable outdoor space in a densely populated urban environment.
Access to Top-Rated Schools: Located within proximity to highly-rated public schools such as Beverly Hills High (9/10) and Horace Mann Elementary (8/10), appealing to families.
Architectural Character Potential: Built in 1925, the property likely possesses classic architectural details and character often sought after in the Los Angeles market.
Cons
Tenant Occupancy & Showing Restrictions: The property is currently tenant-occupied with showings strictly by appointment, which can significantly limit buyer access and complicate the sales process.
Potential Overpricing: The current list price of $3.75M appears high compared to the estimated value of $3.43M and recent comparable sales in the immediate vicinity, suggesting it may be overpriced for the market.
Age and Undisclosed Condition: Built in 1925, the property likely has older systems (plumbing, electrical, HVAC), and the brief description provides no details on recent renovations or upgrades to the main house, implying potential significant future investment for a buyer.