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157 N Las Palmas Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 5 bath

157 N Las Palmas Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE UNDER CONTRACT$4,750,000
157 N Las Palmas Avenue, Los Angeles, California 90004
5Beds
5Baths
4,519Sqft
13,356Lot
Year Built
1926
Close
-
List price
$4.75M
Original List price
$4.75M
Price/Sqft
$1,051
HOA
-
Days on market
-
Sold On
-
MLS number
25607623
Home ConditionFair
Features
Good View:
Pool
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $4.75M(87th), sqft - 4519(89th), beds - 5(81th), baths - 5(84th).

For SALE or LEASE, 157 North Las Palmas is in prime Hancock Park and is a GORGEOUS property with a very healthy upside! Enter into a securely gated estate with a 3-car garage. This Classic English Property has a center-hall floor plan including a formal living room to the south, formal dining room to the north, generous kitchen butler's pantry and lovely breakfast room overlooking the pool and gardens. To the north, the home has a paneled library, guest/office with a 3/4 bath. Off the living room there is a charming reading nook with bookcases and windows looking at the front garden. Finally there is a guest bathroom conveniently located by the formal two-story entry. Upstairs has 4 generous bedrooms, 3 bathrooms. The primary has a charming dressing table and closets. Outside has a sizable garden with delicious fruit baring trees and a sparkling pool. This is a wonderful opportunity to build equity and live in this beautiful property. Come see us each Sunday or text for information and or an appointment.

Nearby schools

8/10
Third Street Elementary School
Public,•K-5•0.3mi
2/10
Vine Street Elementary School
Public,•K-6•1.1mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.2mi
2/10
Wilshire Crest Elementary School
Public,•K-5•1.3mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.7mi
7/10
John Burroughs Middle School
Public,•6-8•0.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•0.9mi
3/10
Laurel Elementary School
Public,•K-8•1.8mi
4/10
Los Angeles Senior High School
Public,•9-12•1.3mi
7/10
Fairfax Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
10/17/25
Listing
$4,750,000
Condition Rating
Fair
This 1926 'Classic English Property' is well-maintained and boasts significant charm, with good condition hardwood floors and fresh paint in many areas. However, the kitchen, while updated with white shaker cabinets and stainless steel appliances, appears to be a functional refresh from 10-20 years ago rather than a recent high-end renovation. The guest bathroom shown is quite dated with a basic pedestal sink and older tiling. The property analysis also notes 'Age-Related System Updates' and 'Potential for High Renovation Costs,' indicating that while livable, it requires minor updates to some areas and major components show signs of being outdated, aligning with a 'Fair' condition score.
Pros & Cons

Pros

Prestigious Location: Situated in 'prime Hancock Park,' offering a highly desirable and exclusive address in Los Angeles, known for its historic estates and central proximity.
Classic Architectural Charm: A 'Classic English Property' built in 1926, featuring a center-hall floor plan, paneled library, and charming reading nook, providing unique character and timeless appeal.
Expansive Living & Entertaining Spaces: Boasts 5 generous bedrooms, 5 bathrooms, 4519 sqft of living space, including formal living and dining rooms, a butler's pantry, and a breakfast room, ideal for large families or entertaining.
Private & Amenity-Rich Grounds: A securely gated estate on a sizable 13,356 sqft lot, featuring a sparkling pool, mature gardens with fruit-bearing trees, and a 3-car garage, offering privacy and luxury outdoor living.
Strong Investment Potential: Described as having 'a very healthy upside' and offering a 'wonderful opportunity to build equity' in a prime, appreciating real estate market.

Cons

Age-Related System Updates: Built in 1926, the property may require significant investment for updating major systems (e.g., electrical, plumbing, HVAC) to modern standards, as no recent upgrades are explicitly mentioned.
Potential for High Renovation Costs: While charming, the classic nature and age could mean that interior finishes and some functionalities may not align with contemporary luxury expectations, potentially necessitating substantial renovation costs for a discerning buyer.
High Ongoing Maintenance: A large, older estate with extensive grounds, a pool, and mature landscaping will likely incur substantial ongoing maintenance expenses and time commitment for upkeep.

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