
Los Angeles, California 90068
This 1924 Mediterranean Revival villa represents a High-Potential Investment Opportunity, listed at $1,995,000—positioned well below the $2,353,731 Fair Market Value by 15%. This valuation gap offers $358,731 in Instant Equity. Featuring a remodeled kitchen, pool and spa, and a self-contained guest suite, the property maintains a Top-Tier Condition Rating. Its historic Whitley Heights pedigree and versatile dual-street entry provide unique long-term value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prestigious, income-generating hillside estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2001 Holly Hill Terrace Subject 5 bd · 5 ba · 4,241 sqft · $556 | $1,995,000* List Price | 5 | 5 | 4,241 | $556 | - |
A 2746 Rinconia Drive Sold 4 bd · 4 ba · 4,291 sqft · $583 · 0.8 mi | $2,500,000 | 4 | 4 | 4,291 | $583 | 0.8 mi |
B 2453 Creston Way Active 5 bd · 4 ba · 4,282 sqft · $549 · 0.7 mi | $2,350,000 List Price | 5 | 4 | 4,282 | $549 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1924, the property has undergone significant high-end renovations. The bathrooms feature contemporary freestanding tubs and modern vanities, and the kitchen is explicitly noted as remodeled. The interior shows mint condition hardwood floors, updated lighting, and well-maintained systems, placing it in the top tier of condition due to recent updates.
Located in the prestigious Whitley Heights historic district, this 1924 Mediterranean Revival boasts a rich celebrity history, including former ownership by Jane Fonda, offering unique architectural prestige and value.
The rare dual-street entry and a self-contained lower-level guest suite with its own kitchen and laundry provide exceptional privacy and flexibility for multi-generational living or rental potential.
The property features a generous pool, spa, and terraced gardens with mature fruit trees, creating a private hillside oasis complemented by stunning canyon and treetop views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8320, other record lot size in square feet = 8255.
Being protected by a Los Angeles Conservancy facade easement and located within an HPOZ, the property is subject to strict regulations that may limit or complicate exterior renovations.
The hillside configuration involves significant elevation changes and numerous stairs between levels, which may be a drawback for buyers seeking high accessibility or a traditional flat yard.
Once home to Jane Fonda and Roger Vadim, and for 35 years to Hollywood actors Bryan Clark and Jo Deodato Clark, this 1932 Mediterranean Revival villa sits at the end of a tranquil cul-de-sac in Whitley Heights, Hollywood's first National Register historic district. It is one of only two homes in the neighborhood protected by a Los Angeles Conservancy facade easement, and its original Mediterranean facade is crowned by a two-story veranda added in 1941. The home is in the Whitley Heights HPOZ and carries an active Mills Act contract, which reduces property taxes (buyer to verify). It is one of the houses that has defined Whitley Heights for a century.The hillside plan is rare, with entries on two levels from two streets. A grand staircase rises from Holly Hill Terrace to the formal entry. You can also arrive at the top of the house through a two-car garage off Grace Avenue with direct interior access, and steps lead down to the pool and terraced gardens with mature fruit trees.On the main level, the living room leads to an office and library that open onto a canyon-view patio. The formal dining room was made for long evenings, and the large kitchen includes a breakfast area. This floor also has a bedroom with a three-quarter bath, and a second three-quarter bath opens directly onto the pool deck. Upstairs, the primary suite includes a sitting room, a private patio with canyon and treetop views, and a bath with a soaking tub, separate shower and walk-in closet. Two more bedrooms share a full bath.Behind the house, the hillside steps down in terraces to a generous pool and spa, a built-in grill and room to entertain. A guest suite on the lower level has its own entrance, laundry and full kitchen. The home has five bedrooms and five baths. Below the hill are the studios, the Hollywood Bowl and Franklin Village, with quick freeway access to downtown and the Valley.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 4,241 | 1,670.836 |
| Lot Size | 8,320 | 6,152.156 |
| Price | $2.00M | $1.34M |
| Price per sq ft | $470 | $807 |
| Built year | 1932 | 1941 |
| HOA | $0 | $238 |
| Days on market | 39 | 56 |
Oct 1, 2026
$1,995,000
Initial Listing