
Los Angeles, California 90068
This 1933 Spanish-style residence represents a High-Potential Investment Opportunity, listed at $2,899,999—positioned well above the $2,159,112 Fair Market Value. While the property requires significant capital for a full rehab due to its Condition Rating of 5, it offers rare architectural integrity within the Hollywood Grove HPOZ. The expansive 16,189 sqft lot and panoramic city views provide a unique foundation for value-add renovations. This is a complex, long-term project ideal for Buy-and-Hold Investors or experienced contractors capable of navigating historic preservation requirements.
Property is extensive renovation needed.
Built in 1933 and located in a Historical Preservation Zone, the home retains most of its original features. The kitchen and bathrooms appear to be over 30-50 years old or original to the structure, requiring a full rehab. While architecturally significant, the age of the systems and the lack of modern updates to wet rooms necessitate significant investment to meet current safety and functional standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16189, living area = 3095.
Located in the coveted Hollywood Grove HPOZ, this 1933 Spanish-style residence retains exceptional original details, including period light fixtures and graceful archways, offering rare character and timeless appeal.
Ideally situated between Hollywood and Los Feliz near Franklin Village, the property features a primary suite with an oversized balcony that provides breathtaking, unobstructed views of the Los Angeles skyline.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3095, other record living area = 3000.
Being situated within a Historic Preservation Overlay Zone (HPOZ) means any exterior alterations or renovations are subject to strict guidelines and approval processes, which may limit customization options.
The hillside setting, while providing excellent views, may result in limited flat, usable yard space and could involve higher maintenance considerations typical of sloped Los Angeles properties.
Nestled in the coveted Hollywood Grove and Los Feliz Historical Preservation Zone, this enchanting Spanish-style residence blends timeless character with an exceptional location. Rich in original architectural details, the home showcases stunning period light fixtures, graceful archways leading into nearly every room, and the warmth and charm that define classic Los Angeles Spanish architecture. Offering 4 bedrooms and 3 bathrooms, the thoughtfully designed floor plan features a private formal dining room, a dedicated pantry room, a spacious upstairs bonus room, and a separate office, providing flexibility for today’s lifestyle. The primary suite serves as a true retreat, highlighted by an oversized private balcony with breathtaking city views that stretch across the Los Angeles skyline. Perched on a hillside setting, the property offers a unique sense of privacy and tranquility, enhanced by the rare presence of a natural water spring on the grounds. Whether enjoying morning coffee on the balcony, entertaining guests in the formal living spaces, or simply appreciating the home’s original character, this residence offers a truly special living experience. Just minutes from Franklin Village, residents enjoy easy access to beloved neighborhood cafés, restaurants, boutique shopping, and scenic hiking trails. Ideally positioned between Hollywood and Los Feliz, this home presents a rare opportunity to own a distinctive architectural gem in one of Los Angeles’ most desirable neighborhoods, where historic charm, natural beauty, and urban convenience come together seamlessly.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,095 | 2,333 | 78% |
| Lot Size | 16,189 | 7,581 | 89% |
| Price | $2.90M | $1.97M | 83% |
| Price per sq ft | $937 | $878 | 61% |
| Built year | 1933 | 1949 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 162 | 2% |
Jun 4, 2026
$2,899,999
Initial Listing