1551 Lucretia Avenue, Los Angeles, California 90026, Los Angeles, 90026 - 6 bed, 5 bath

1551 Lucretia Avenue, Los Angeles, California 90026 home-pic-0
ACTIVE$3,495,000$4,576/sqft
Est. Value: $3,359,536
-3%
AboveEstimate
1551 Lucretia Avenue, Los Angeles, California 90026
6Beds
5Baths
4,576Sqft
6,462Lot

Price Vs. Estimate

The estimated value ($3,359,535.77) is $135,464.23 (3%) lower than the list price ($3,495,000). This property may be overpriced.

Key pros and cons

Pros and cons analysis not available

Compared to the nearby listings

Price:$3.50M vs avg $1.52M (+$1,978,392.5)97%
Size:4,576 sqft vs avg 1,590 sqft99%
Price/sqft:$764 vs avg $96032%

More Insights

Built in 2024 (2 years old).
Condition: This property is a brand new construction, built in 2024, as explicitly stated in the MLS details. The description highlights 'today's finest design and functionality,' a 'chef's kitchen with Viking appliances,' and 'spa-inspired baths.' The images confirm a pristine, modern aesthetic throughout, featuring contemporary finishes, new appliances, sleek cabinetry, modern light fixtures (recessed and pendant), and high-quality flooring. Both the main residence and the ADU appear to be in immaculate, move-in ready condition with no deferred maintenance, perfectly aligning with the 'Excellent' criteria for a newly built property.
Year Built
2024
Close
-
List price
$3.5M
Original List price
$3.79M
Price/Sqft
$764
HOA
-
Days on market
-
Sold On
-
MLS number
25582415
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Deck
ViewCity Lights,Mountain(s),Panoramic

About this home

Welcome to the "NELA Observatory", a breathtaking new construction that blends mid-century modern inspiration with today's finest design and functionality, set on a private and peaceful cul-de-sac with jetliner views of DTLA and the surrounding mountains. Every level of this three-story residence was crafted to capture sweeping sunsets and shimmering city lights. The entire lower level is a private two-bedroom, one-bathroom ADU with its own address and entrance, complete with an open-concept kitchen, laundry, multiple balconies, and unobstructed vistasideal as an income-generating rental, guest quarters, or space for loved ones. Upstairs, the main residence features three bedrooms and three bathrooms, including a serene primary suite with a private veranda overlooking Echo Park Lake, downtown, and the Hollywood Hills, plus a spa-inspired bath with soaking tub. The main level is designed for entertaining with floor-to-ceiling windows, wraparound balconies, and views of the Hollywood Sign on clear days. A chef's kitchen with Viking appliances, generous counter space, and seamless flow into the living areas anchors this floor, complemented by an office or fourth bedroom with its own bath. Altogether, the home offers six bedrooms and five bathrooms, a two-car garage, additional driveway and street parking, and a clean, gated entryway. For outdoor enthusiasts, the property is walking distance to Elysian Park's hiking trails and just minutes from Griffith Park, Dodger Stadium, and Sunset Blvd. Local favorites like Valerie Bakery, Canyon Coffee, and Glowing Plant-Based Eatery are nearby, along with Stronghold Climbing Gym, wellness centers, and EV charging stations. Adding even more appeal, conceptual renderings are showcased for a pool, pool deck, and sport court, highlighting the incredible potential of the outdoor spaces should a buyer choose to develop them. Offering endless opportunities for relaxation and adventure, the NELA Observatory is hillside living at its most inspiring.

O
Oliver Thornton
Listing Agent
Condition Rating
Excellent

This property is a brand new construction, built in 2024, as explicitly stated in the MLS details. The description highlights 'today's finest design and functionality,' a 'chef's kitchen with Viking appliances,' and 'spa-inspired baths.' The images confirm a pristine, modern aesthetic throughout, featuring contemporary finishes, new appliances, sleek cabinetry, modern light fixtures (recessed and pendant), and high-quality flooring. Both the main residence and the ADU appear to be in immaculate, move-in ready condition with no deferred maintenance, perfectly aligning with the 'Excellent' criteria for a newly built property.
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