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1964 Palmerston Place, Los Angeles, California 90027, Los Angeles, 90027 - 5 bed, 3 bath

1964 Palmerston Place, Los Angeles, California 90027 home-pic-0
ACTIVE$3,050,000
1964 Palmerston Place, Los Angeles, California 90027
5Beds
3Baths
3,626Sqft
6,740Lot
Year Built
1936
Close
-
List price
$3.05M
Original List price
$3.2M
Price/Sqft
$841
HOA
-
Days on market
-
Sold On
-
MLS number
PV25088206
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,6 Pros. Rank: price - $3.05M(86th), sqft - 3626(86th), beds - 5(86th), baths - 3(86th).

Seller may offer a concession toward a 2/1 interest rate buydown, subject to lender approval. Charming Vintage Estate in Los Feliz Square – A Legacy Home in the Making Tucked into the heart of iconic Los Feliz Square, this enchanting vintage property offers a rare opportunity to restore and reimagine a truly special residence. Originally designed for extended family living, the home features 2 bedrooms and 1 bath upstairs, 2 additional bedrooms and 1 bath downstairs, and an attached upstairs studio—perfect for extended family, creative use, or future flexibility. While the home retains its classic charm, much of the heavy lifting has already been done, major infrastructure has been thoughtfully updated, including all-new plumbing, electrical systems, and central HVAC (heat and air). It’s a solid foundation for whatever dream you choose to build. Whether you're envisioning a multi-generational retreat, planning to create a grand single-family estate, or exploring the possibility of TIC or condo conversion (buyer to verify with city), this home offers flexibility and future potential on every level. The spacious backyard adds yet another layer of opportunity—there appears to be room to add an ADU (subject to city approval), offering even more options for extended family or a private workspace. Just outside your door, enjoy everything that makes Los Feliz Square so beloved—sunset walks through Barnsdall Art Park, weekend hikes to the Griffith Observatory, or neighborhood favorites along Vermont and Hillhurst. You’re surrounded by history, culture, and community—from Frank Lloyd Wright’s Hollyhock House to the iconic Lovell House and the historic Hollywood Sikh Temple.

Nearby schools

7/10
Los Feliz STEMM Magnet
Public,•K-6•0.4mi
8/10
Franklin Avenue Elementary School
Public,•K-6•0.7mi
4/10
Grant Elementary School
Public,•K-6•1.0mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.1mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•1.3mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.4mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.8mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.8mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.3mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.4mi
8/10
John Marshall Senior High School
Public,•9-12•1.2mi
6/10
Hollywood Senior High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
08/02/25
$3,050,000
04/22/25
$3,200,000
11/19/18
Sold
$1,526,000
Condition Rating
Good
The property, built in 1936, benefits from significant recent infrastructure upgrades, including all-new plumbing, electrical systems, and central HVAC, making it functionally sound and move-in ready. While one kitchen is notably vintage with an old-fashioned stove and blue linoleum, another kitchen appears updated with white shaker cabinets, modern hardware, and quartz countertops. The hardwood floors are well-maintained. The overall condition is good due to the critical system updates, but cosmetic renovations, particularly in the vintage kitchen, are still needed to fully modernize the property, aligning with the description's call to 'restore and reimagine'.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Los Feliz Location: Situated in the iconic Los Feliz Square, offering proximity to cultural landmarks like Barnsdall Art Park and Griffith Observatory, and vibrant neighborhood amenities along Vermont and Hillhurst.
Extensive Infrastructure Upgrades: Major systems including plumbing, electrical, and central HVAC (heat and air) have been thoughtfully updated, significantly reducing immediate capital expenditures for a buyer.
Versatile Layout & Income Potential: Designed for extended family living with a multi-unit configuration (upstairs/downstairs, attached studio), classified as 'Residential Income/Duplex,' and potential for an ADU or conversion.
Significant Customization Opportunity: A rare opportunity to restore and reimagine a vintage estate with a solid foundation, allowing for transformation into a grand single-family home or multi-generational retreat.
Financial Incentive & Desirable View: The seller may offer a concession toward a 2/1 interest rate buydown, coupled with attractive city lights views, enhancing the property's overall appeal and value.

Cons

Extensive Renovation Required: Presented as an opportunity to 'restore and reimagine,' indicating that substantial additional investment in renovation and customization will be necessary to fully modernize or complete the property.
Uncertainty of Development Potential: While ADU, TIC, or condo conversion are mentioned, these are 'subject to city approval' and require 'buyer to verify,' introducing potential complexities, costs, and risks.
High Initial Investment for a Project Property: With a list price of $3.05 million, this represents a significant upfront investment for a property that still requires considerable additional capital and effort to fully realize its potential.

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