
Los Angeles, California 90019
This Historic Landmark Restoration Project presents a rare opportunity to steward a 1916 Charles Wagner estate within the prestigious Lafayette Square HPOZ. Currently listed at $2,549,000, the property is positioned relative to a $1,988,788 Fair Market Value, following a strategic price reduction to reflect its extensive restoration scope. With a Condition Rating of 5, the 6,090 sqft residence requires a comprehensive rehabilitation to restore its Palladian windows and wood-paneled library. Served by Alta Loma Elementary and Los Angeles Senior High, this Value-Add Asset is a premier acquisition for Restoration Specialists or Historic Preservationists.
Property is extensive renovation needed.
Built in 1916, this historic Charles Wagner estate is explicitly marketed as a restoration and rehabilitation project. While the home retains grand architectural proportions and period detailing like the wood-paneled library and Palladian windows, the listing description emphasizes a 'restoration scope' and the need to 'reimagine' the residence. The property likely requires substantial updates to its major systems, kitchen, and bathrooms, as it has not undergone a significant modern renovation and is positioned for a buyer looking to steward a legacy property through extensive repair.
Now positioned at $2,199,000, this architecturally significant 1916 Charles Wagner estate presents a rare opportunity to restore a landmark residence within the Lafayette Square Historic Preservation Overlay Zone. Rich in character and defined by stately proportions, formal symmetry, and preserved period detailing, the home offers an exceptional foundation for a comprehensive restoration.Interiors include a dramatic central staircase, formal living room with Palladian windows, richly paneled library, elegant parlor with fireplace, and a formal dining room connecting to a butler's pantry, kitchen, and breakfast room. A first-floor bedroom suite provides flexible guest or staff accommodations, while the second level features multiple bedrooms and bathrooms with generous scale and an original layout well suited for thoughtful refinement.The property requires a significant renovation and is best suited for investors, developers, or experienced buyers familiar with historic restoration. For those with the vision and resources to execute, this is an opportunity to reimagine a truly special home.Long favored by creatives and entertainment industry leaders, Lafayette Square offers privacy, architectural distinction, and a strong sense of community, making this a compelling project in one of Los Angeles' most culturally notable neighborhoods. Seller welcomes contractor, architect, and design consultations prior to offer.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 5.0 | 2.0 | 93% |
| Square foot | 6,090 | 1,742 | 98% |
| Lot Size | 11,908 | 6,377 | 98% |
| Price | $2.20M | $1.33M | 92% |
| Price per sq ft | $361 | $762 | 2% |
| Built year | 1916 | 1926 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 245 | 187 | 86% |
Mar 27, 2026
$2,199,000
$2,549,000
-14% Price Drop
Initial Listing
Feb 20, 2026
$2,549,000
$2,799,000
-9% Price Drop
Initial Listing
Jan 23, 2026
$2,799,000
$2,999,000
-7% Price Drop
Initial Listing
Nov 14, 2025
$2,999,000
$3,400,000
-12% Price Drop
Initial Listing
Aug 20, 2025
$3,400,000
Initial Listing