228 S Hudson Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 7 bath

228 S Hudson Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$8,995,000
228 S Hudson Avenue, Los Angeles, California 90004
5Beds
7Baths
6,193Sqft
15,412Lot

Price Vs. Estimate

The estimated value ($6,317,548.66) is $2,677,451.34 (29%) lower than the list price ($8,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prestigious Location & Golf Course Views: Gracefully positioned on one of Hancock Park's most prestigious streets, the estate offers breathtaking views of the Wilshire Golf Course, enhancing its exclusivity and appeal.
Top Cons:
Significant Valuation Discrepancy: The current list price of $8.995M is substantially higher than the property's estimated value of $6.317M and its last sold price of $6M in 2021, indicating a potential overvaluation in the current market.

Compared to the nearby listings

Price:$8.99M vs avg $2.33M (+$6,670,000)97%
Size:6,193 sqft vs avg 2,382 sqft90%
Price/sqft:$1.5K vs avg $1.0K97%

More Insights

Built in 1948 (77 years old).
Condition: Despite being built in 1948, the property has been 'exquisitely restored and completely renovated,' as explicitly stated and visually confirmed by the images. The designer kosher kitchen features new, high-end stainless steel appliances (Sub-Zero, Wolf), marble countertops, and modern white shaker cabinetry. All seven bathrooms are luxurious, showcasing modern fixtures, freestanding tubs, large walk-in showers, and high-quality tile and marble finishes. New hardwood flooring, elegant lighting, a new resort-style pool, and updated systems throughout indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1948
Close
-
List price
$8.99M
Original List price
$9.75M
Price/Sqft
$1,452
HOA
-
Days on market
-
Sold On
-
MLS number
25479389
Home ConditionExcellent
Features
Excellent View:
Deck
Pool
Spa
Patio
View

About this home

Immerse yourself in the epitome of refined living with this exquisitely restored and completely renovated French Normandy estate, gracefully positioned on a sprawling 15,407-square-foot lot in the heart of Hancock Park. Situated on one of the most prestigious streets, this prime property offers breathtaking views of the Wilshire Golf Course. The new resort-style pool, jacuzzi, and expansive new decking create a private oasis, perfect for both relaxation and entertainment. Historically significant, this estate was once owned by John Ferraro, a prominent figure in Los Angeles. Ferraro hosted some of the city's most well-renowned events at 228 S Hudson, attracting the most influential people in the area. These gatherings were celebrated for their prestige and high caliber of attendees, making the estate a central hub for political and social activity and cementing Ferraro's legacy in the city. Spanning nearly 6,200 square feet of meticulously updated living space, this distinguished residence features five bedrooms and seven bathrooms. The main level welcomes you with an elegant living room complete with a fireplace, a large formal dining room, and a designer kosher kitchen equipped with a butler's pantry and a spacious Great Room. The indoor-outdoor family room seamlessly opens to the beautifully landscaped garden, offering an ideal setting for both intimate gatherings and grand events. Upstairs, you will find four well-appointed bedrooms, each with en suite bathrooms. The master suite is a true retreat, featuring an oversized walk-in closet, a luxurious bathroom, and a balcony with stunning golf course views. The home also includes the convenience of laundry facilities on both levels and an elevator. Additional highlights include a separate maid/bonus room with a bathroom and a one-bedroom guesthouse with a kitchenette and bathroom above the two-car garage. This exceptional property, located just moments away from Larchmont Village, The Grove, the best restaurants, and top schools, offers the perfect blend of classic elegance and modern luxury, ready for you to move in and make it your own! **Square Footage Breakdown:**- First Floor: 3,258 sq ft- Second Floor: 2,180 sq ft- Gym: 189 sq ft- ADU: 566 sq ft- Garage: Additional 442 sq ft (not included in total). Floor plans are attached for detailed viewing.

Nearby schools

8/10
Third Street Elementary School
Public,K-50.1mi
2/10
Wilshire Crest Elementary School
Public,K-51.1mi
6/10
Van Ness Avenue Elementary School
Public,K-51.2mi
7/10
Queen Anne Place Elementary School
Public,K-51.3mi
2/10
Vine Street Elementary School
Public,K-61.3mi
7/10
John Burroughs Middle School
Public,6-80.5mi
3/10
Hubert Howe Bancroft Middle School
Public,6-81.3mi
3/10
Laurel Elementary School
Public,K-82.1mi
4/10
Los Angeles Senior High School
Public,9-120.9mi
7/10
Fairfax Senior High School
Public,9-121.8mi

Price History

Date
Event
Price
07/21/21
Sold
$6,000,000
04/18/02
Sold
$1,600,000
12/05/01
Sold
$1,500,000
Condition Rating
Excellent

Despite being built in 1948, the property has been 'exquisitely restored and completely renovated,' as explicitly stated and visually confirmed by the images. The designer kosher kitchen features new, high-end stainless steel appliances (Sub-Zero, Wolf), marble countertops, and modern white shaker cabinetry. All seven bathrooms are luxurious, showcasing modern fixtures, freestanding tubs, large walk-in showers, and high-quality tile and marble finishes. New hardwood flooring, elegant lighting, a new resort-style pool, and updated systems throughout indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prestigious Location & Golf Course Views: Gracefully positioned on one of Hancock Park's most prestigious streets, the estate offers breathtaking views of the Wilshire Golf Course, enhancing its exclusivity and appeal.
Extensive Restoration & Modern Luxury: The property has been exquisitely restored and completely renovated, blending classic French Normandy elegance with modern luxury, making it move-in ready for discerning buyers.
Resort-Style Amenities: Features a new resort-style pool, jacuzzi, and expansive new decking, creating a private oasis perfect for relaxation and grand entertainment.
Historical Significance & Entertainment Pedigree: Once owned by prominent figure John Ferraro, the estate has a rich history of hosting well-renowned events, adding a unique cultural and social cachet.
Spacious & Versatile Living Spaces: Spanning nearly 6,200 sq ft with 5 bedrooms and 7 bathrooms, including a designer kosher kitchen, Great Room, separate maid/bonus room, and a 1-bedroom guesthouse, offering ample and flexible living arrangements.

Cons

Significant Valuation Discrepancy: The current list price of $8.995M is substantially higher than the property's estimated value of $6.317M and its last sold price of $6M in 2021, indicating a potential overvaluation in the current market.
Recent Price Reduction: The property has already seen a price reduction from its original list price of $9.75M, which may signal market resistance and could lead to further negotiation pressure.
High Operating Costs: As a large, older estate with extensive amenities like a pool and jacuzzi, the property likely incurs substantial ongoing maintenance, utility, and insurance costs, which could be a significant consideration for potential buyers.

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