
Los Angeles, California 90068
This Historic Mediterranean Estate represents a Strong Value Opportunity, listed at $3,395,000—positioned well below the $3,827,565 Fair Market Value by 11%. This valuation gap provides $432,565 in Instant Equity. Featuring a Mint Condition Rating following a comprehensive renovation, the home offers a solar-heated pool, panoramic city views, and a prohibition-style speakeasy. Located in the prestigious Whitley Heights enclave, this property is an ideal sanctuary for discerning luxury homeowners or sophisticated investors seeking an iconic, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2041 Grace Avenue Subject | $3,395,000* List Price | 4 | 4 | 4,034 | $949 | - |
A 7020 La Presa Drive Sold | $4,250,000 | 4 | 5 | 4,665 | $911 | 0.4 mi |
B 2311 Vasanta Way Sold | $3,100,000 | 4 | 6 | 4,200 | $738 | 0.7 mi |
C 7040 Hillside Avenue Sold | $2,850,000 | 3 | 3 | 2,736 | $1,042 | 0.6 mi |
D 7050 La Presa Drive Active | $3,575,000 List Price | 4 | 5 | 4,300 | $831 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1922, the property has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen and bathrooms feature modern stone surfaces, designer brass fixtures, and contemporary cabinetry. The presence of recessed lighting and a solar-heated pool indicates updated systems, and the overall interior finish is in mint, move-in condition.
Built in 1922 by H.L. Wilson in the historic Whitley Heights enclave, this Mediterranean estate offers authentic Old Hollywood glamour and rare architectural integrity.
Situated on a rare double lot, the property features walled and gated grounds with panoramic views stretching from Downtown LA to the Pacific Ocean.
The estate boasts premier lifestyle features including a solar-heated pool, a prohibition-style speakeasy, and a private guest suite with a separate entrance.
As a century-old property, it may require specialized ongoing maintenance and potential infrastructure updates to meet modern efficiency standards.
While the local elementary and high schools are highly rated, the assigned middle schools have lower ratings, which may be a consideration for families.
Set within the historic hillside enclave of Whitley Heights, known for its rich architectural history and close-knit community, this is a neighborhood where residents stay, connect, and take pride in their surroundings. Built in 1922 by H. L. Wilson, this expansive Mediterranean-style estate captures all the glamour and romance of a bygone era. Situated high above the city on an extremely rare double lot teeming with fruit, elm and magnolia trees, this historic home is an entertainer's dream boasting impressive outdoor spaces, spacious rooms with high ceilings, breathtaking views of Los Angeles, and walled and gated grounds for added privacy. The entry opens to a formal living room, captivating upon arrival and drawing one outward to panoramic city skyline views. Light moves gently throughout the day, settling into a soft, luminous dusk. Formal dining sits just beyond, with French doors opening to a private garden with seating and fire pit, creating an effortless indoor-outdoor flow. A true cook's kitchen, centered by an island, offers ample cabinetry and a quaint breakfast nook with built-in banquette. A generous den/media room and a dedicated office open to a terrace with seamless flow to the grounds, complete with pool, spa, and meditation alcove. Up a classic turret staircase, the upper level reveals a dreamy primary suite with a decorative fireplace, overlooking the grounds and the city beyond, with views stretching from DTLA to the ocean. Two additional bedrooms and a full bath complete this level. A lower level offers added flexibility with a bonus room currently used as a home gym, a private guest suite with bath and separate entrance, plus generous storage. Spend your days lounging by the solar-heated pool in a lush garden and your nights enjoying drinks in a prohibition-style speakeasy. A rare expression of Old Hollywood glamour in an iconic hillside setting.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 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 | 4.0 | 3.0 | 61% |
| Square foot | 4,034 | 2,333 | 91% |
| Lot Size | 9,471 | 7,574 | 61% |
| Price | $3.40M | $1.97M | 87% |
| Price per sq ft | $842 | $878 | 46% |
| Built year | 1922 | 1949 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 176 | 2% |
May 29, 2026
$3,395,000
Initial Listing
Feb 9, 2012
$1,600,000
Public Record