
Los Angeles, California 90068
This 1933 Spanish-style residence represents a High-Potential Investment Opportunity, listed at $2,550,000—positioned well above the $2,254,574 Fair Market Value by -13%. While the property requires a comprehensive rehab due to its Condition Rating of 5, the expansive 16,189 sqft lot and historic HPOZ status offer significant long-term value. Featuring panoramic city views and a private balcony, this asset is ideal for Buy-and-Hold Investors or Contractors capable of navigating historical renovation requirements to restore this architectural gem.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1968 N Wilton Subject | $2,550,000* List Price | 4 | 3 | 3,095 | $728 | - |
A 5692 Holly Oak Drive Sold | $2,390,000 | 3 | 2 | 2,491 | $959 | 0.2 mi |
B 5513 Tuxedo Terrace Sold | $2,289,210 | 3 | 3 | 2,300 | $995 | 0.3 mi |
C 5630 Spreading Oak Drive Pending | $2,199,000 List Price | 4 | 4 | 2,440 | $901 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1933 and retaining most original architectural details, the property shows significant signs of age without recent renovations. The kitchen and pantry areas appear dated (>30 years), and interior photos reveal visible floor damage and aging surfaces, indicating the home requires a comprehensive rehab to update systems and interiors.
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 residence preserves its timeless integrity with original period light fixtures, graceful archways, and classic architectural details.
The property sits on an impressive 16,189 sqft hillside lot featuring a rare natural water spring and a primary suite balcony that offers sweeping views of the Los Angeles city skyline.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3095, other record living area = 3000.
With 89 days on the market and a significant price reduction of $350,000 from the original listing, the property may face challenges with perceived value or buyer momentum.
Being situated in a Historical Preservation Overlay Zone, any exterior modifications or upgrades are subject to strict regulatory oversight, which can limit customization and increase renovation costs.
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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,095 | 1,664.159 |
| Lot Size | 16,189 | 6,066.556 |
| Price | $2.55M | $1.35M |
| Price per sq ft | $824 | $806 |
| Built year | 1933 | 1939 |
| HOA | $0 | $278 |
| Days on market | 97 | 55 |
Aug 12, 2026
$2,550,000
$2,899,999
-12% Price Drop
Initial Listing
Jun 4, 2026
$2,899,999
Initial Listing