
Los Angeles, California 90027
This Turnkey Spanish-Style Residence represents a Strong Value Opportunity, listed at $2,399,999—positioned well below the $2,623,863 Fair Market Value by 8%. This valuation gap offers $223,864 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, the home includes a Chef-Grade Kitchen, Two Primary Suites, and City Lights Views. Located near Top-Rated Schools like Ivanhoe Elementary, this property is an ideal acquisition for Owner-Occupants or Multigenerational Families seeking a secure, move-in ready Los Feliz lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1940 N Western Avenue Subject 6 bd · 5 ba · 3,803 sqft · $690 | $2,399,999* List Price | 6 | 5 | 3,803 | $690 | - |
A 1964 Palmerston Active 5 bd · 3 ba · 3,626 sqft · $689 · 0.6 mi | $2,500,000 List Price | 5 | 3 | 3,626 | $689 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1923, the property has undergone a high-end, comprehensive renovation that appears to be within the last 5 years. The kitchen is equipped with modern chef-grade stainless steel appliances and marble countertops, and the bathrooms feature refined, elevated finishes. The presence of recessed lighting, updated flooring, and pristine exterior hardscaping indicates that all major systems and surfaces are in mint condition with no maintenance required.
Elementary School: Ivanhoe Elementary School (9/10).
This 1923 residence offers a rare 3,803 square feet of living space featuring original Spanish tile, detailed wrought ironwork, and timeless architectural integrity.
With six bedrooms including two full primary suites, the floor plan provides exceptional flexibility for guests, home offices, or multigenerational living arrangements.
Located on Western Avenue, a major north-south artery, the property may experience significant street noise and traffic congestion during peak hours.
While the area offers access to some high-performing schools, the local middle school rating is notably lower, which may be a consideration for families prioritizing education.
Private and gated, this beautifully maintained Spanish-style residence represents an exceptional value for a home of its size in Los Feliz. A circular driveway welcomes you to the property, offering approximately 3,803 square feet of interior living space with six bedrooms and five bathrooms. The home is rich in character, with original Spanish tile, detailed wrought ironwork, warm wood floors, and abundant natural light throughout. A spacious formal living room provides an elegant setting for entertaining, while the family room is anchored by a fireplace and framed by a beautiful wrought iron staircase, capturing the home's timeless Spanish character. From the family room, French doors open seamlessly to a private outdoor terrace, creating a natural extension of the living space for entertaining and relaxing. The spacious and sun-filled kitchen features an oversized center island, stainless steel chef-grade appliances, marble countertops, and extensive storage, complemented by a large formal dining room and adjacent breakfast area for more casual dining. Two primary suites, each with an expansive closet and en-suite bath, provide exceptional flexibility for multigenerational living, guests, or added privacy. All bathrooms throughout the residence are finished to the same high standard, with elevated materials, refined finishes, and thoughtful detailing throughout. Additional bedrooms offer flexibility for family, guests, a home office, or creative space. Outdoors, the private backyard features a paved entertaining area and flat grassy lawn with ample room to relax, play, and gather, as well as space to add a pool. Ideally positioned north of Franklin Avenue in one of Los Feliz's most desirable pockets, nearby the American Film Institute, the home is moments from Griffith Park, Los Feliz Village, and hiking trails, with Immaculate Heart in close proximity. The Hollywood Bowl, Greek Theatre, and iconic destinations of Hollywood are also just minutes away, along with convenient access to neighborhood favorites including Green Acres, Little Dom's, All Time, HomeState, and more. A rare combination of scale, security, authentic Spanish character, and value in the heart of Los Feliz.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,803 | 1,670.836 |
| Lot Size | 8,102 | 6,152.156 |
| Price | $2.40M | $1.34M |
| Price per sq ft | $631 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 74 | 56 |
Aug 27, 2026
$2,399,999
Initial Listing
May 31, 2018
$2,100,000
Public Record
Sep 15, 2015
$1,200,000
Public Record
Dec 9, 2010
$799,000
Public Record