2188 Ponet Drive, Los Angeles, California 90068, Los Angeles, 90068 - 10 bed, 12 bath

2188 Ponet Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 2188 Ponet Drive, Los Angeles, California 90068 is currently available with a list price of $21,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This historic Paul Revere Williams estate has been meticulously restored and extensively renovated to meet modern luxury standards while preserving its architectural integrity. The kitchen features high-end professional-grade appliances (Viking/Sub-Zero) and premium finishes. The property includes newly refurbished guest quarters, a newly renovated pool, and updated systems such as a steam shower and operational dumbwaiter. The interior showcases pristine wood paneling, ornate hand-painted ceilings, and high-quality hardwood and terracotta flooring throughout, indicating no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39055, living area = 8964.
- Architectural Pedigree
Designed by the legendary Paul Revere Williams, this Spanish Colonial Revival estate is a significant piece of California's architectural history with high collectible value.
- Mills Act Tax Benefits
The property's status as a Mills Act estate provides the owner with substantial property tax savings, a major financial incentive for a residence of this price point.
CONSRISKS & DEFICIENCIES
- Unfinished Construction Project
The 1,500-square-foot secondary home requires interior completion, which may be a deterrent for buyers seeking a 100% turn-key experience at this luxury tier.
- High Maintenance Complexity
With 12 bathrooms, multiple structures, and vintage features like an operational dumbwaiter, the property demands significant ongoing maintenance and specialized staffing.
- Historic Preservation Constraints
The Mills Act and historic designation may limit a buyer's ability to make significant modern exterior modifications or structural changes to the main residence.
About 2188 Ponet Drive
This grand Mills Act estate, known as "The Victor Rosetti Residence," is an exceptional example of Paul Revere Williams' iconic Spanish Colonial Revival style that strongly influenced California architecture. Nestled in the lush greenery of Griffith Park, the property is a sprawling compound with expansive views that, despite its impressive scale, still manages to feel warm and intimate. Superbly restored, tastefully updated, and lovingly cared for, it blends historic charm with architectural beauty in the prestigious Los Feliz Oaks neighborhood. With picture-perfect views of The Griffith Observatory and sweeping 180-degree vistas across Los Angeles, the estate conveys both the grandeur of a palatial residence and the ambiance of a true home. The main residence boasts many intricate and artistic details throughout, including a wood-paneled library, coffered and hand-painted ceilings, three ornate fireplaces, a wine room, cozy alcoves, and stained glass windows. The large kitchen, with its original floor-to-ceiling tiles, has been renovated with superior appliances while preserving its period charm. A stylish butler's pantry adjoins with a separate dishwasher, wet bar, and a large warming oven. From there, a beautifully preserved wooden swing door opens to a remarkable wood-paneled dining room and a lovely breakfast room. Additional comforts include a steam shower, an operational dumbwaiter that services all three floors, two walk-in laundry rooms, a media room with original hand-painted beams, a cozy pub nook, and a secret bookcase door leading to the bottom floor. The grounds evoke a resort-like setting with a shimmering pool surrounded by a summer lounge area, outdoor gas fire pit, and a barrel-tiled roof pergola featuring a double-sided fireplace and outdoor kitchen for al fresco dining. A secret garden, complete with a koi pond, small citrus grove, landscaped grounds, multiple fountains, and pathways offer moments of tranquility immersed in nature. Two additional spaces, each with separate entrances, full bathrooms, and kitchenettes extend the property's versatility--one has served as a sizable gym, while the other is currently occupied by 24/7 security personnel. The adjoining property enhances the estate with a newly refurbished 1-bedroom, 1-bath pool house, a newly renovated pool, and a 1500-sf home offered with approved city plans for interior completion, allowing customization to suit any need. It has its own two-car garage, two privately gated entrances, and a beautifully landscaped yard surrounding the pool. Between the two properties, there is parking for approximately 25 cars inside the gates. This isn't just a house; it's a very special experience and must be seen to be believed. Set in a quiet neighborhood, the residence feels like a private Mediterranean retreat, while still only minutes from many acclaimed restaurants, artisan shops, cafes, and bars, with a short walk to some of the best hiking trails in the city. A gem in Paul Williams' incredible portfolio, "The Victor Rosetti Residence," has had only four owners and is unlikely to come on the market again soon, making it a once-in-a-lifetime opportunity to live in a piece of architectural history.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 39,055 Sq. Ft.
Interior
- Total Bedrooms
- 10
- Total Bathrooms
- 12 (12 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.8 mi
Grant Elementary School
Grades K-6 • 0.8 mi
Los Feliz STEMM Magnet
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 10.0 | 3.0 | 98% |
| Baths | 12.0 | 3.0 | 99% |
| Square foot | 8,964 | 2,357.5 | 98% |
| Lot Size | 39,055 | 6,972.5 | 97% |
| Price | $21.50M | $1.92M | 99% |
| Price per sq ft | $2.4K | $880 | 99% |
| Built year | 1928 | 1949 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 177 | 38% |
Pricing History
Listed for Sale
Sep 24, 2025
$21,500,000
Initial Listing
Sold
Oct 30, 2015
$2,000,000
Public Record
Sold
Oct 26, 2015
$11,000,000
Public Record
Sold
Nov 16, 2006
$3,200,000
Public Record





































































