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516 N Bronson Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath

516 N Bronson Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$1,829,000
516 N Bronson Avenue, Los Angeles, California 90004
3Beds
2Baths
2,050Sqft
4,140Lot
Year Built
1925
Close
-
List price
$1.83M
Original List price
$1.83M
Price/Sqft
$892
HOA
-
Days on market
-
Sold On
-
MLS number
25503905
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.83M(40th), sqft - 2050(44th), beds - 3(50th), baths - 2(42th).

Welcome into a 34' full-house-wide great room, anchored by a two-sided Batchelder working fireplace, for living, dining, and socializing featuring a French door and skylight that flows into a chef's stone/steel kitchen. Light, airy, Spanish, public rooms in front, private in back. 3bedrooms, 2 are ensuite. Creatively curated, anything-but-ordinary; gated, hedged, landscaped yards, three gardens (sculpture, city, working), and studio/cabana with contemporary flair in Hancock Park. Set in a quiet jacaranda tree-lined, no-through traffic street with driveway parking; within prime Larchmont Village and the weekly markets, for a well-tailored lifestyle. 2,050 sq ft professionally taped/measured inclusive of both structures on the property; R2 lot. Everybody loves Larchmont! 516 N. Bronson has 3 options: Single family residence, ad an adu. Alternatively, convert back into a duplex w/an adu provides 3 revenue streams on an R2 lot! Shown by appointment only.

Nearby schools

6/10
Van Ness Avenue Elementary School
Public,•K-5•0.1mi
8/10
Third Street Elementary School
Public,•K-5•1.1mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.1mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.2mi
7/10
John Burroughs Middle School
Public,•6-8•1.6mi
4/10
Helen Bernstein High School
Public,•9-12•1.1mi
7/10
Fairfax Senior High School
Public,•9-12•2.5mi
Condition Rating
Good
Despite being built in 1925, this property has undergone significant and recent renovations that bring its condition up to a 'Good' standard. Key upgrades include a newer roof, completely replaced double-glazed windows, a newly replaced main street water line, and a newer smart-technology Lennox two-stage HVAC system with a Nest thermostat. The description also highlights refinished real oak wood flooring and a remodeled Batchelder-tiled fireplace. The kitchen features granite countertops and updated lower cupboards with pull-out shelves, though the upper cabinets appear to be an older style. While not a full, ultra-modern renovation, these extensive updates to major systems and key areas make the property move-in ready with no immediate renovation required, and its systems are well-maintained and functional, aligning with the 'Good' criteria.
Pros & Cons

Pros

Prime Larchmont Village Location: Situated on a quiet, jacaranda tree-lined street in the highly desirable Larchmont Village/Hancock Park area, offering a premium lifestyle with proximity to local amenities.
Versatile R2 Zoning & Income Potential: R2 zoning provides significant flexibility for single-family use, adding an ADU, or converting to a duplex with an ADU, offering multiple potential revenue streams.
Distinctive Architectural Features: Showcases Spanish architectural style, a grand 34' wide great room, a two-sided Batchelder fireplace, and a modern chef's stone/steel kitchen, highlighting unique design.
Enhanced Outdoor Living & Privacy: Features gated, hedged, and professionally landscaped yards with three unique gardens, providing exceptional privacy and outdoor entertainment space.
Functional Studio/Cabana: Includes a separate studio/cabana with contemporary flair, adding valuable flexible space for guests, work, or recreation, and contributing to the overall square footage.

Cons

Significant Price Discrepancy: The list price of $1.829M is substantially higher than the estimated value of $1.438M, potentially indicating an aggressive pricing strategy or a need for a price adjustment.
Age-Related System Concerns: As a 1925 build, the property may have original systems (e.g., plumbing, electrical, HVAC) that could require significant investment for upgrades or ongoing maintenance, which are not explicitly detailed as recently updated.
Limited Bathroom-to-Bedroom Ratio: With 3 bedrooms and an additional studio/cabana, having only 2 bathrooms might be considered insufficient for larger families or those desiring more facilities and convenience.

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