157 N Las Palmas Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 5 bath
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Los Angeles, California 90004
This Stunning 1926 English Estate is a Strong Value Opportunity, listed at $4,695,000—positioned well below the $5,049,113 Fair Market Value by 7%. This valuation gap offers $354,113 in Instant Equity. Boasting an Excellent Condition Rating with updated structural systems, the residence features a sparkling pool, a rare three-car garage, and immediate proximity to the top-rated Third Street Elementary School. This is an elite acquisition for Luxury Homeowners or Owner-Occupants seeking a refined, move-in ready sanctuary in prestigious Hancock Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 157 N Las Palmas Avenue Subject | $4,695,000* List Price | 5 | 5 | 4,519 | $1,092 | - |
A 501 N Cahuenga Boulevard Sold | $4,832,500 | 5 | 5 | 4,596 | $1,051 | 0.5 mi |
B 258 S Hudson Avenue Sold | $5,270,000 | 4 | 5 | 3,980 | $1,324 | 0.5 mi |
C 329 N Mccadden Place Sold | $4,010,000 | 4 | 4 | 3,158 | $1,270 | 0.2 mi |
D 166 N Mccadden Place Active | $5,799,000 List Price | 5 | 6 | 5,320 | $1,090 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1926 English estate is in move-in ready condition, benefiting from significant recent updates including a new primary bathroom, two additional remodeled bathrooms, and updated structural and mechanical systems (foundation, pool, and general systems). While the kitchen is not described as recently renovated, it features high-end stainless steel appliances and stone countertops that remain in excellent, functional condition. The property perfectly balances historic charm with modern maintenance and selective high-quality renovations.
Situated mid-block in the prestigious Hancock Park neighborhood, this 1926 English estate offers exceptional curb appeal and is located just 0.3 miles from the highly-rated Third Street Elementary School.
The property has been meticulously maintained with an updated foundation, modernized systems, a refreshed pool system, and two newly remodeled upstairs bathrooms, reducing immediate capital expenditure for the buyer.
The inclusion of a separate three-car garage and dedicated tool room is a significant rarity for historic Los Angeles estates, providing superior storage and utility alongside a covered porte-cochère.
While the bathrooms have been updated, the kitchen is not described as remodeled, which may necessitate a costly renovation to bring it up to the contemporary luxury standards expected at this price point.
Despite the excellent elementary school proximity, the assigned middle and high schools carry lower performance ratings, which may be a drawback for families seeking a consistent high-performing public school pipeline.
Location! Location! Location! Beautifully situated mid block, 157 North Las Palmas is a stunning English estate and is Hancock Park's finest! Enter into a two-story foyer with a flawless center-hall floor plan. To the south is a formal living room and reading nook with French doors opening to sparkling pool and lush gardens. To the right is palatial dinning room, with large kitchen, pantry and charming breakfast room. To the north is a paneled library, office/maids/gym and back stairs with access to side covered car porte and door. Upstairs has a grand primary suite complete with NEW primary bathroom, closets and dressing room. Upstairs also has 3 other spacious bedrooms and 2 bathrooms. The three-car garage and tool room is separate from the house and is a rarity in todays world. 157 North Las Palmas has updated systems, updated pool system, updated foundation and 2 remodeled upstairs bathrooms! Las Palmas is an ELEGANT house!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 5.0 | 4.0 | 78% |
| Square foot | 4,519 | 2,534 | 85% |
| Lot Size | 13,356 | 7,009.5 | 89% |
| Price | $4.70M | $1.92M | 83% |
| Price per sq ft | $1.0K | $957 | 61% |
| Built year | 1926 | 1922 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 190 | 2% |
Mar 12, 2026
$4,695,000
Initial Listing