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5338 Waldo Place, Los Angeles, California 90041, Los Angeles, 90041 - 2 bed, 2 bath

5338 Waldo Place, Los Angeles, California 90041 home-pic-0
ACTIVE$1,650,000
5338 Waldo Place, Los Angeles, California 90041
2Beds
2Baths
2,094Sqft
9,546Lot

Price Vs. Estimate

The estimated value ($1,595,520.735) is $54,479.265 (3%) lower than the list price ($1,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Panoramic Views: Offers breathtaking, unobstructed panoramic views of Eagle Rock, the Studio City skyline, and the iconic Griffith Park Observatory from multiple vantage points throughout the home.
Top Cons:
As-Is Sale Condition: The property is being sold in 'as-is' condition with no repairs, which could imply potential for immediate or future maintenance and upgrade costs for the buyer.

Compared to the nearby listings

Price:$1.65M vs avg $1.34M (+$307,500)67%
Size:2,094 sqft vs avg 1,664 sqft72%
Price/sqft:$788 vs avg $89626%

More Insights

Built in 1962 (63 years old).
Condition: Built in 1962, this home is well-maintained for its age and features some notable updates. The kitchen boasts updated stainless steel appliances, and the flooring throughout (wood laminate and travertine tile) appears to be in good condition. Central air conditioning is a significant modern amenity. However, the kitchen cabinetry and countertops, while functional, do not reflect a recent, comprehensive renovation and appear somewhat dated. The bathrooms, based on visible elements, also seem to require significant updates to meet current aesthetic and functional standards. The 'as-is' sale condition suggests that minor repairs or cosmetic updates may be needed, aligning with the 'Fair' category's description of a home that is aged but maintained, with functional major components showing signs of being outdated.
Year Built
1962
Close
-
List price
$1.65M
Original List price
$1.75M
Price/Sqft
$788
HOA
-
Days on market
-
Sold On
-
MLS number
SB25138051
Home ConditionFair
Features
Excellent View: City Lights, Hills
Deck
Spa
Patio
ViewCity Lights,Hills

About this home

Charming Two-Story Home with Stunning Views in Eagle Rock’s Coveted Hill Drive Neighborhood – Potential to Convert into Three Bedrooms! Nestled on a quiet cul-de-sac in one of Eagle Rock’s most prestigious and desirable neighborhoods, this inviting two-story home perfectly combines comfort, charm, and privacy. Eagle Rock is known for its vibrant community, excellent schools, trendy shops, and renowned dining – all just minutes away while offering a serene, small-town feel within Los Angeles. Enjoy breathtaking, unobstructed panoramic views of Eagle Rock, the Studio City skyline, and the iconic Griffith Park Observatory from multiple vantage points throughout the home. The bright and airy living room centers around a cozy fireplace, creating an ideal atmosphere for relaxing evenings or entertaining guests. Adjacent to the living area is a spacious dining room flowing seamlessly into a well-appointed kitchen featuring built-in cabinetry, ample storage, generous counter space, and updated appliances – perfect for the home chef. Downstairs, a large family room with a second fireplace and beautiful travertine tile floors offers versatile living space — perfect for movie nights, a playroom, or hosting gatherings. The current two-bedroom layout includes generous room sizes, but the home’s clever design provides an easy and cost-effective opportunity to convert the downstairs family room into a third bedroom to suit your growing needs or increase resale value. Step outside into your private, tranquil backyard oasis complete with a relaxing spa and an elevated deck, ideal for morning coffee with stunning views or evening relaxation under the stars. Enjoy year-round comfort with central air conditioning, while benefiting from the home’s prime location that offers both peaceful retreat and easy access to Eagle Rock’s eclectic shops, popular cafes, vibrant arts scene, and nearby hiking trails. Eagle Rock is celebrated for its strong community vibe, top-rated public and private schools, plentiful parks, and convenient freeway access, making it an ideal destination for families, professionals, and creatives alike. Don’t miss this rare opportunity to own a true gem in the heart of Eagle Rock — a neighborhood that perfectly blends the charm of small-town living with big-city amenities. Seller will sell property as-is; no repairs.

Nearby schools

6/10
Dahlia Heights Elementary School
Public,•K-6•0.6mi
6/10
Rockdale Elementary School
Public,•K-6•0.7mi
4/10
Annandale Elementary School
Public,•K-6•1.0mi
6/10
San Rafael Elementary School
Public,•K-5•1.1mi
8/10
Eagle Rock Elementary and Magnet Center
Public,•K-6•1.4mi
5/10
Yorkdale Elementary School
Public,•K-6•1.6mi
5/10
Buchanan Street Elementary School
Public,•K-6•1.9mi
6/10
Glenoaks Elementary School
Public,•K-6•1.9mi
4/10
Roosevelt Elementary School
Public,•K-5•2.0mi
5/10
Toland Way Elementary School
Public,•K-6•2.2mi
9/10
Delevan Drive Elementary School
Public,•K-6•2.4mi
6/10
John Muir Elementary School
Public,•K-6•3.1mi
6/10
Luther Burbank Middle School
Public,•6-8•1.7mi
6/10
Woodrow Wilson Middle School
Public,•6-8•2.9mi
2/10
Washington Middle School
Public,•6-8•3.2mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•3.7mi
7/10
Eagle Rock High School
Public,•7-12•1.1mi
7/10
Benjamin Franklin Senior High School
Public,•6-12•2.0mi
6/10
Glendale High School
Public,•9-12•2.4mi
4/10
Blair High School
Public,•6-12•2.8mi
3/10
John Muir High School
Public,•9-12•3.0mi
Condition Rating
Fair
Built in 1962, this home is well-maintained for its age and features some notable updates. The kitchen boasts updated stainless steel appliances, and the flooring throughout (wood laminate and travertine tile) appears to be in good condition. Central air conditioning is a significant modern amenity. However, the kitchen cabinetry and countertops, while functional, do not reflect a recent, comprehensive renovation and appear somewhat dated. The bathrooms, based on visible elements, also seem to require significant updates to meet current aesthetic and functional standards. The 'as-is' sale condition suggests that minor repairs or cosmetic updates may be needed, aligning with the 'Fair' category's description of a home that is aged but maintained, with functional major components showing signs of being outdated.
Pros & Cons

Pros

Exceptional Panoramic Views: Offers breathtaking, unobstructed panoramic views of Eagle Rock, the Studio City skyline, and the iconic Griffith Park Observatory from multiple vantage points throughout the home.
Highly Desirable Location: Nestled on a quiet cul-de-sac in Eagle Rock’s prestigious Hill Drive neighborhood, known for its vibrant community, excellent schools, trendy shops, and convenient freeway access.
Flexible Floor Plan with Expansion Potential: Features a versatile two-story layout with a large family room that can be easily and cost-effectively converted into a third bedroom, enhancing functionality and future value.
Private Outdoor Living & Modern Comforts: Includes a tranquil backyard oasis with a relaxing spa and elevated deck, ideal for entertaining or relaxation, complemented by central air conditioning for year-round comfort.
Well-Appointed Interior Features: Boasts two cozy fireplaces, a spacious dining room, and a well-appointed kitchen with updated appliances, built-in cabinetry, and ample counter space.

Cons

As-Is Sale Condition: The property is being sold in 'as-is' condition with no repairs, which could imply potential for immediate or future maintenance and upgrade costs for the buyer.
Property Age: Built in 1962, the home is over six decades old, which may indicate the presence of original systems or components that could necessitate future capital expenditures.
Limited Current Bedroom Count: While offering conversion potential, the property is currently configured with only two bedrooms, which might not meet the immediate needs of larger families or those requiring dedicated office space without renovation.

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