507 N Lucerne Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 3 bath
507 N Lucerne Boulevard
Los Angeles, California 90004
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 N Lucerne Boulevard Subject | $3,195,000* List Price | 4 | 3 | 2,881 | $1,109 | - |
A 408 N Beachwood Drive Sold | $3,100,000 | 4 | 5 | 2,755 | $1,125 | 0.2 mi |
B 555 N Plymouth Boulevard Sold | $2,980,000 | 4 | 4 | 3,000 | $993 | 0.2 mi |
C 111 S Wilton Place Sold | $2,300,000 | 4 | 4 | 2,880 | $799 | 0.8 mi |
D 574 N Plymouth Boulevard Sold | $2,785,000 | 4 | 4 | 2,382 | $1,169 | 0.3 mi |
E 309 N Arden Boulevard Sold | $3,950,000 | 5 | 5 | 3,218 | $1,227 | 0.2 mi |
F 326 N Gower Street Sold | $3,050,000 | 4 | 4 | 2,494 | $1,223 | 0.2 mi |
G 584 N Plymouth Boulevard Active | $2,458,000 List Price | 4 | 3 | 2,342 | $1,050 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1964 mid-century home has been extensively and recently renovated to a high standard of modern luxury. The kitchen is a standout feature with high-end stainless steel appliances (including a Sub-Zero refrigerator), designer flat-panel cabinetry, and marble countertops with a waterfall island. The interior features light hardwood flooring, recessed lighting, and integrated speakers throughout. The property offers seamless indoor-outdoor flow with large bi-fold glass doors leading to a meticulously maintained backyard oasis with a pool and modern decking. All visible components, including the fireplace, fixtures, and systems, appear virtually new and meet current high-quality design standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hancock Park Location
Situated on a quiet, tree-lined street near Larchmont Village, the property offers exceptional proximity to high-end shopping, dining, and major film studios.
- Luxury Lifestyle Amenities
The home is equipped with premium features including a dedicated home theatre, a private gym, and a backyard oasis with a pool and al fresco dining deck.
- Reimagined Mid-Century Design
This mid-century marvel has been tastefully updated with modern elegance, featuring an open-concept layout and seamless indoor-outdoor flow.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The property is leased until June 2026, which excludes buyers looking for an immediate primary residence or those needing to move in within the next year.
- Limited Lot Size
At approximately 7,000 square feet, the lot is relatively modest for the price point, potentially making the outdoor space feel crowded with the pool and deck.
- Inconsistent School Ratings
While the elementary school is highly rated, the assigned middle schools have significantly lower ratings, which may deter families with older children.
About 507 N Lucerne Boulevard
Amazing investment opportunity! Home has been leased through June 2026. Step into this beautifully reimagined mid century marvel with modern elegance and sleek design in the heart of Hancock Park. Featuring 4 bedrooms, 3 bathrooms, a theatre and gym, this private light filled home has been tastefully updated to offer the perfect blend of original character and contemporary luxury. The open-concept living, dining & kitchen areas provide the perfect space for entertaining and is seamlessly connected to the private backyard oasis with lush landscaping, ample lounging spaces and pool for relaxation along w/ a spacious deck area for al fresco dining. The expansive primary suite can be accessed directly from the backyard providing the perfect indoor/outdoor flow and natural light. The gorgeous en suite bathroom and vast closet are wonderful counterparts. Perfectly situated on a quiet, tree lined street so close to Larchmont Village and all that it has to offer with shops, dining and more plus proximity to the studios and schools. This Hancock Park treasure is truly a gem and one you won't want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,006 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Van Ness Avenue Elementary School
Grades K-5 • 0.5 mi
Third Street Elementary School
Grades K-5 • 0.8 mi
Hubert Howe Bancroft Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,881 | 2,478 | 65% |
| Lot Size | 7,006 | 7,006 | 50% |
| Price | $3.19M | $2.22M | 74% |
| Price per sq ft | $1.1K | $964 | 67% |
| Built year | 1964 | 1922 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 513 | 180 | 0% |
Pricing History
Listed for Sale
Oct 9, 2024
$3,195,000
Initial Listing
Sold
Feb 27, 2017
$2,092,500
Public Record
Sold
Apr 29, 2009
$1,330,000
Public Record
Sold
Apr 24, 1997
$345,000
Public Record