506 N Gardner Street, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 5 bath
ACTIVE$4,400,000
506 N Gardner Street, Los Angeles, California 90036
4Beds
5Baths
4,300Sqft
6,103Lot
Price Vs. Estimate
The estimated value ($3,982,934.18) is $417,065.82 (9%) lower than the list price ($4,400,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction & Modern Luxury: Built in 2020, this property boasts brand new modern architecture with gorgeous finishes, wide white oak floors, high ceilings, and extensive use of marble throughout, offering a contemporary and luxurious living experience.
Top Cons:
Aggressive Pricing: The current list price of $4.4 million is notably higher than the estimated property value ($3.98 million) and recent comparable sales in the immediate vicinity, which may lead to extended market time or require a price adjustment.
Compared to the nearby listings
Price:$4.40M vs avg $2.22M (+$2,184,000)96%
Size:4,300 sqft vs avg 2,508 sqft94%
Price/sqft:$1.0K vs avg $96769%
More Insights
Built in 2020 (5 years old).
Condition: This property was built in 2020, making it only 4 years old. The description highlights 'brand new modern' finishes, high-end Miele appliances in the kitchen, wide white oak floors, high ceilings, and gorgeous marble throughout. It also features a Control4 smart home system and extensive outdoor amenities like a rooftop deck with a fireplace and barbecue. All these elements indicate a property that is virtually new, meets current quality standards, and has no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Year Built
2020
Close
-
List price
$4.4M
Original List price
$4.4M
Price/Sqft
$1,023
HOA
-
Days on market
-
Sold On
-
MLS number
25495479
Home ConditionExcellent
Features
Excellent View: City Lights, Hills
Deck
Patio
ViewCity Lights,Hills
About this home
Beautiful brand new modern in the heart of Melrose districts walking distance to coffee shops and boutiques this 4 bedroom 4 1/2 bath gorgeous modern finishes and Miele appliances with wide white oak floors with high ceilings. The back year has a barbecue grill with a built in fridge and sink perfect for backyard summer fun this property also features a rooftop deck with fireplace with views of the Hollywood sign, Griffin observatory, century city and downtown Los Angeles and if that wasn't enough theres also a barbecue on the roof! Gorgeous marble inside and outside of the house, master bedroom as a walk-in closet all bedrooms have a walk out balcony or a yard space. Smart home powered by Control4.
Nearby schools
7/10
Hancock Park Elementary School
Public,•K-5•0.9mi
8/10
Third Street Elementary School
Public,•K-5•1.2mi
2/10
Vine Street Elementary School
Public,•K-6•1.6mi
3/10
Laurel Elementary School
Public,•K-8•0.8mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
7/10
Fairfax Senior High School
Public,•9-12•0.5mi
Price History
Date
Event
Price
09/19/18
Sold
$1,260,000
03/24/16
Sold
$1,350,000
Condition Rating
Excellent
This property was built in 2020, making it only 4 years old. The description highlights 'brand new modern' finishes, high-end Miele appliances in the kitchen, wide white oak floors, high ceilings, and gorgeous marble throughout. It also features a Control4 smart home system and extensive outdoor amenities like a rooftop deck with a fireplace and barbecue. All these elements indicate a property that is virtually new, meets current quality standards, and has no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons
Pros
New Construction & Modern Luxury: Built in 2020, this property boasts brand new modern architecture with gorgeous finishes, wide white oak floors, high ceilings, and extensive use of marble throughout, offering a contemporary and luxurious living experience.
Premium Appliances & Smart Home Integration: The kitchen is equipped with high-end Miele appliances, and the entire home is powered by a Control4 smart home system, providing advanced functionality and convenience for modern living.
Panoramic Rooftop Deck with Entertainment: A spectacular rooftop deck features a fireplace and barbecue, offering breathtaking panoramic views of the Hollywood sign, Griffith Observatory, Century City, and Downtown Los Angeles, ideal for entertaining.
Prime Walkable Melrose District Location: Situated in the highly desirable Melrose district, the property offers excellent walkability to numerous coffee shops, boutiques, and local amenities, enhancing its lifestyle appeal.
Enhanced Outdoor Living for All Bedrooms: Each of the four bedrooms includes a private walk-out balcony or dedicated yard space, providing individual outdoor retreats and maximizing natural light and fresh air access.
Cons
Aggressive Pricing: The current list price of $4.4 million is notably higher than the estimated property value ($3.98 million) and recent comparable sales in the immediate vicinity, which may lead to extended market time or require a price adjustment.
Absence of Private Pool/Spa: Despite extensive outdoor entertainment areas including a rooftop deck and backyard BBQ, the property description does not indicate the presence of a private pool or spa, a highly sought-after luxury amenity in this market segment.
Potentially Limited Green Space: While there is a backyard BBQ area and individual bedroom outdoor spaces, the overall lot size (6103 sqft) and emphasis on hardscaped entertainment areas may suggest limited traditional green space or a smaller private yard compared to some luxury homes.