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206 N Wilton Place, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 3 bath

206 N Wilton Place, Los Angeles, California 90004 home-pic-0
ACTIVE$1,650,000
206 N Wilton Place, Los Angeles, California 90004
3Beds
3Baths
1,865Sqft
6,889Lot

Price Vs. Estimate

The estimated value ($1,358,597.435) is $291,402.565 (17%) lower than the list price ($1,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated in the highly desirable Hancock Park area, offering convenient access to Larchmont Village, Paramount Studios, and Netflix, enhancing lifestyle and potential appreciation.
Top Cons:
Sold 'As-Is' Condition: The property is sold 'AS IS,' which may imply a need for immediate repairs or upgrades, and limits buyer recourse for undisclosed issues.

Compared to the nearby listings

Price:$1.65M vs avg $2.26M ($-613,025)37%
Size:1,865 sqft vs avg 2,367 sqft42%
Price/sqft:$885 vs avg $1.0K37%

More Insights

Built in 1913 (112 years old).
Condition: The property, built in 1913, features a recently updated kitchen (8 years ago) with a marble island and sliding doors, and solar panels installed in 2017, which are positive modernizations. However, the overall age of the home, the presence of 'original wood floor,' and the explicit 'Lack of Modern HVAC System' are significant drawbacks. Being sold 'AS IS' further suggests that while some areas are updated, other major systems or components may require substantial attention or investment to meet current comfort and functional standards, preventing a 'Good' rating despite the kitchen update.
Year Built
1913
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$885
HOA
-
Days on market
-
Sold On
-
MLS number
25478759
Home ConditionFair
Features
Patio
View

About this home

Contemporary home located in Hancock park close by Larchmont, Paramount Studio and Netflix. Situated outside of any designated areas considered at high risk for wildfires or flooding, according to official maps and data. This outstanding one-story home offers open layout living room with original wood floor, 2bedroom and 2 bathroom plus a detached 3rd bed + 1 bath in the guest house. Master bedroom features walk-in closet, dress room and french windows doors. kitchen recently updated 8 years ago with breakfast marble island countertop and sliding doors window. Spacious living room with fireplace, dining room currently used as recreational area. Seller worked into the film industry for many years, this house is perfect for working while staying at home, privacy and space while enjoying the fresh air in the backyard gives a great sense of calm and freedom. Backyard has a cute lemon tree and other trees, covered/uncovered porch with BBQ area; The Guest house has everything you might need, it offers a wet bar , private bathroom and backyard view. Solar panel installed on 2017, it helps to cut monthly expenses in electricity; Property is sold AS IS. You guys are welcome to see it.

Condition Rating
Fair
The property, built in 1913, features a recently updated kitchen (8 years ago) with a marble island and sliding doors, and solar panels installed in 2017, which are positive modernizations. However, the overall age of the home, the presence of 'original wood floor,' and the explicit 'Lack of Modern HVAC System' are significant drawbacks. Being sold 'AS IS' further suggests that while some areas are updated, other major systems or components may require substantial attention or investment to meet current comfort and functional standards, preventing a 'Good' rating despite the kitchen update.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable Hancock Park area, offering convenient access to Larchmont Village, Paramount Studios, and Netflix, enhancing lifestyle and potential appreciation.
Versatile Detached Guest House: Includes a detached guest house with a 3rd bedroom, private bathroom, and wet bar, providing excellent flexibility for rental income, extended family, or a dedicated home office.
Energy-Efficient Solar Panels: Equipped with solar panels installed in 2017, significantly reducing monthly electricity expenses and contributing to a lower environmental footprint.
Enhanced Outdoor Living: Features a charming backyard with mature trees, including a lemon tree, and a covered/uncovered porch with a BBQ area, perfect for relaxation and entertaining.
Low Natural Hazard Risk: Located outside designated high-risk areas for wildfires or flooding, according to official data, offering peace of mind and potentially lower insurance premiums.

Cons

Sold 'As-Is' Condition: The property is sold 'AS IS,' which may imply a need for immediate repairs or upgrades, and limits buyer recourse for undisclosed issues.
Potential Overpricing: The listing price of $1.65M is notably higher than the estimated property value of $1.35M, suggesting a potential overvaluation relative to current market comparables.
Lack of Modern HVAC System: The description does not mention a central cooling system, which could be a significant comfort drawback in Los Angeles' climate, especially for a 1913-built home.

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