
Los Angeles, California 90004
This Historic Hancock Park Estate represents a High-Potential Investment Opportunity with a List Price of $7,500,000—positioned well below the $7,824,451 Fair Market Value by 4%. This valuation gap provides $324,451 in Instant Equity for a buyer ready to restore this 8,489-square-foot "blank canvas." Despite its Condition Rating of 4, the asset features rare amenities including a private elevator, attached ADU, and a 4-car garage on a massive 17,772-square-foot lot. Located near the top-rated Third Street Elementary School, this value-add project is ideal for Luxury Developers or Preservation-Minded Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 S Hudson Avenue Subject | $7,500,000* List Price | 6 | 6 | 8,489 | $922 | - |
A 138 Hudson Place Sold | $6,600,000 | 7 | 6 | 6,873 | $960 | 0.2 mi |
B 322 N June Street Active | $5,299,000 List Price | 6 | 6 | 6,620 | $800 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1927 estate is a well-preserved 'time capsule' that has been maintained through regular upkeep but lacks modern updates. While the architectural integrity remains impressive with original hardwood floors and grand historic details, the kitchen and bathrooms are significantly outdated, featuring 1980s/90s-era cabinetry, brass fixtures, and older appliances. The listing explicitly identifies the property as a 'blank canvas' requiring a substantial capital investment to modernize systems and interiors to contemporary luxury standards.
This 1927 estate showcases extraordinary craftsmanship, featuring a hand-wrought iron winding staircase, a dramatic wood-paneled library, and soaring beamed ceilings that provide a majestic foundation for restoration.
Set well back from a coveted Hancock Park street with a long gated driveway and nearly 18,000 square feet of lush grounds, the property offers a rare level of seclusion and motor court space.
The estate is uniquely equipped with a private elevator, an attached ADU with a separate entrance, and an oversized 4-car garage, offering functional flexibility rarely found in historic homes.
Offered for the first time in over 50 years as a 'blank canvas,' the property will require a substantial capital investment to modernize its systems and interiors to contemporary luxury standards.
The age and massive 8,489-square-foot scale of the residence suggest high ongoing maintenance costs and potential challenges associated with preserving historic architectural integrity during updates.
Offered for the first time in over 50 years, this storied Hancock Park estate presents a rare and extraordinary opportunity to reimagine a true classic. Set well back from one of the neighborhood's most coveted streets, the long gated driveway, sprawling motor court, and lush mature landscaping create an immediate sense of arrival and privacy. Inside, the bones are simply breathtaking. A stunning winding staircase with hand-wrought iron detail anchors a soaring entry foyer, while grand formal rooms, a dramatic wood-paneled library, beamed ceilings, multiple fireplaces, and arched windows showcase a level of craftsmanship rarely found today. This is a true blank canvas ready for a visionary buyer to restore and make their own. The grounds deliver with a sparkling pool and spa, covered patios, and lush gardens perfect for entertaining. Additional highlights include a private elevator, an attached ADU with its own separate entrance, a secondary kitchen, and an oversized 4-car garage. With two full floors and a floorplan of extraordinary scale and flexibility, this is Hancock Park estate living at its finest. A once-in-a-generation opportunity. Come write the next chapter.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 93% |
| Baths | 6.0 | 4.0 | 91% |
| Square foot | 8,489 | 2,494 | 98% |
| Lot Size | 17,772 | 7,012 | 93% |
| Price | $7.50M | $1.91M | 96% |
| Price per sq ft | $883 | $883 | 50% |
| Built year | 1927 | 1922 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 189 | 2% |
Apr 16, 2026
$7,500,000
Initial Listing