4530 W 8th Street, Los Angeles, California 90005, Los Angeles, 90005 - 4 bed, 4 bath

4530 W 8th Street, Los Angeles, California 90005 home-pic-0
ACTIVE$4,700,000
4530 W 8th Street, Los Angeles, California 90005
4Beds
4Baths
4,421Sqft
14,352Lot

Price Vs. Estimate

The estimated value ($3,420,676.88) is $1,279,323.12 (27%) lower than the list price ($4,700,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prestigious Location: Located in the 'prestigious Brookside-Hancock Park neighborhood,' offering 'peaceful seclusion with convenient access to top schools, exclusive shopping, theaters and gourmet dining.'
Top Cons:
Significant Price Discrepancy: The current list price of $4.7 million is substantially higher than the estimated value of $3.42 million and recent comparable sales, suggesting potential overpricing relative to market data.

Compared to the nearby listings

Price:$4.70M vs avg $3.00M (+$1,698,000)88%
Size:4,421 sqft vs avg 3,217.5 sqft63%
Price/sqft:$1.1K vs avg $82575%

More Insights

Built in 1924 (101 years old).
Condition: Despite being built in 1924, the property has clearly undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria. The description highlights a 'gourmet kitchen' with Carrera marble countertops and premium stainless-steel appliances, and an 'indulgent primary suite' bathroom featuring a soaking tub, grand rain shower, and luxurious marble finishes. The overall aesthetic is described as a 'perfect fusion of classic charm and modern sophistication,' indicating that all major components and finishes are new or virtually new, meeting current quality standards with no deferred maintenance. The presence of a guest house with an HVAC system further supports a comprehensive and modern update throughout the property.
Year Built
1924
Close
-
List price
$4.7M
Original List price
$4.7M
Price/Sqft
$1,063
HOA
-
Days on market
-
Sold On
-
MLS number
25490803
Home ConditionExcellent
Features
Good View:
Pool
Spa
Patio
View

About this home

Experience the perfect fusion of classic charm and modern sophistication in this remarkable 4-bedroom, 4-bath colonial home, located in the prestigious Brookside-Hancock Park neighborhood. Impeccably appointed and situated on over 14,000 + square feet of serene, landscaped grounds, this private compound epitomizes sophistication and refined living, providing an unmatched opportunity for discerning buyers to step into a flawlessly curated lifestyle.Venture inside to discover an expansive formal living room and sophisticated den. Accented with detailed wood moldings, built-in bookshelves and a cozy wood-burning fireplace. This refined space opens up via French doors to a mesmerizing, picturesque backyard adorned with towering redwoods, ideal for both entertaining and everyday retreat. The gourmet kitchen is a chef's delight, featuring Carrera marble countertops, eat-in island and premium stainless-steel appliances. It flows effortlessly into a welcoming dining area, creating a perfect blend of style and functionality. Awaiting you upstairs is a private oasisthe primary suitecomplete with an indulgent bathroom boasting a soaking tub, grand rain shower, and luxurious marble finishes. A spacious walk-in closet with an island enhances the suite's appeal, accompanied by three additional bedrooms and two pristine bathrooms to complete the level.Outside, embrace the tranquility of a private backyard paradise. Blooming in spring, the lush space features a sparkling pool, spa, outdoor fireplace, and dining area, all designed for relaxation or lively gatherings. The two-story guest house adds a versatile space, as an artist's studio, with living quarters, bathroom and HVAC system. Located in one of the most sought-after areas, this exquisite home combines peaceful seclusion with convenient access to top schools, exclusive shopping, theaters and gourmet dining. A rare opportunity awaits to live in unparalleled luxury and style in Brookside-Hancock Park.

Price History

Date
Event
Price
05/06/94
Sold
$385,000
03/29/16
Sold
$2,794,000
04/30/12
Sold
$1,845,500
11/01/05
Sold
$1,999,000
Condition Rating
Excellent

Despite being built in 1924, the property has clearly undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria. The description highlights a 'gourmet kitchen' with Carrera marble countertops and premium stainless-steel appliances, and an 'indulgent primary suite' bathroom featuring a soaking tub, grand rain shower, and luxurious marble finishes. The overall aesthetic is described as a 'perfect fusion of classic charm and modern sophistication,' indicating that all major components and finishes are new or virtually new, meeting current quality standards with no deferred maintenance. The presence of a guest house with an HVAC system further supports a comprehensive and modern update throughout the property.
Pros & Cons

Pros

Prestigious Location: Located in the 'prestigious Brookside-Hancock Park neighborhood,' offering 'peaceful seclusion with convenient access to top schools, exclusive shopping, theaters and gourmet dining.'
Expansive & Private Grounds: Features 'over 14,000 + square feet of serene, landscaped grounds' and a 'private backyard paradise' with a sparkling pool, spa, outdoor fireplace, and dining area, ideal for entertaining and retreat.
Luxurious & Updated Interiors: Boasts a 'gourmet kitchen' with Carrera marble and premium appliances, an 'indulgent primary suite' with high-end bathroom finishes, and detailed architectural elements like wood moldings and a wood-burning fireplace.
Versatile Two-Story Guest House: Includes a valuable 'two-story guest house' with living quarters, a bathroom, and HVAC, providing flexible space for guests, a studio, or an office.
Architectural Charm & Modern Fusion: Described as a 'perfect fusion of classic charm and modern sophistication,' indicating a well-preserved historical aesthetic combined with contemporary upgrades for a 'flawlessly curated lifestyle.'

Cons

Significant Price Discrepancy: The current list price of $4.7 million is substantially higher than the estimated value of $3.42 million and recent comparable sales, suggesting potential overpricing relative to market data.
Age-Related Maintenance Considerations: Built in 1924, the property, despite its modern updates, may still entail ongoing maintenance typical of a century-old home, potentially including unforeseen costs for original infrastructure.
High Ongoing Maintenance Costs: The extensive landscaped grounds, pool, and spa, while luxurious, will require significant and continuous financial investment for upkeep, including gardening, pool service, and general property maintenance.

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