547 Loring Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 4 bed, 5 bath

547 Loring Avenue, Los Angeles, California 90024 home-pic-0
ACTIVE$6,395,000
547 Loring Avenue, Los Angeles, California 90024
4Beds
5Baths
4,212Sqft
8,756Lot

Price Vs. Estimate

The estimated value ($5,951,489.97) is $443,510.03 (6%) lower than the list price ($6,395,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Lack of Panoramic Views: The property explicitly states 'view: None,' which can be a significant detractor in a high-value Los Angeles market where scenic views often command a premium and are highly sought after.

Compared to the nearby listings

Price:$6.39M vs avg $3.50M (+$2,897,000)85%
Size:4,212 sqft vs avg 3,000 sqft77%
Price/sqft:$1.5K vs avg $1.2K77%

More Insights

Built in 1931 (94 years old).
Condition: Despite being built in 1931, this property has undergone an extensive and high-quality renovation, as evidenced by the description and images. The gourmet kitchen features high-end stainless steel Viking appliances, marble countertops, and modern white shaker cabinets, appearing virtually new. The primary bathroom is luxurious with marble finishes, a large glass-enclosed shower, and a separate soaking tub (as described). Hardwood floors, recessed lighting, and updated fixtures are consistent throughout the main living areas. The addition of a fully permitted ADU further indicates significant recent investment. All visible components meet current quality standards with no deferred maintenance, making it move-in ready and aligning with an 'excellent' condition score.
Year Built
1931
Close
-
List price
$6.39M
Original List price
$6.39M
Price/Sqft
$1,518
HOA
-
Days on market
-
Sold On
-
MLS number
25608341
Home ConditionExcellent
Features
Deck
Spa
Patio
View-

About this home

Situated on totally flat lot on one of Little Holmby's most coveted streets, this 4,212 sqft Traditional estate includes a fully permitted 558 sqft ADU creating an unheard-of 5 bedroom, 6 bath compound with 4,770 sqft of living space plus an additional 525 sqft outdoor covered entertaining area. The house, built is 1931, has been extensively remodeled and updated with newer system yet retains all the cherished original detail work of crown moldings, warm hardwood floors, wainscoting, chair rails and numerous French doors throughout the house. It boasts a classic floor plan with a large formal living room with stately fireplace, inviting formal dining room with bay windows, gracious den/office with wet bar and large convivial family room opening to breakfast room and kitchen. The spacious gourmet kitchen is designed for the most seasoned or aspiring chefs featuring marble counters, high-end stainless appliances, large pantry and large center island. All four bedrooms, each with its own ensuite bath, are upstairs including a palatial primary suite boasting a large sitting area, glorious fireplace, French doors opening to a balcony overlooking the rear garden, generous dual closets and a sumptuous step-down marble bath with separate soaking tub and shower. The rear of the house opens to a private garden with mature landscaping featuring brick patio, grassy area and spa. Most importantly the yard also has an unheard of 525 SF of covered living area creating the perfect space to enjoy the quintessential outdoor California lifestyle of year-around outdoor parties, football/sports viewing events and alfresco dining under the stars. In addition, the house has a large ADU featuring sitting area bedroom and spacious bath befitting even the pickiest of house guests. Coupled with its classic and modern features, the home is mere moments from the award-winning Warner Avenue elementary School, relaxing atmosphere of Holmby Park, the world-class shopping at Westfield Century City, the glamour of Beverly Hills, and the cultural offerings of UCLA and Westwood. This is a great opportunity to own one a move in ready house on one of the most prestigious streets in the neighborhood.

Nearby schools

9/10
Warner Avenue Elementary School
Public,K-50.1mi
9/10
Fairburn Avenue Elementary School
Public,K-50.8mi
7/10
Nora Sterry Elementary School
Public,K-52.0mi
5/10
Brentwood Science School
Public,K-52.7mi
8/10
El Rodeo Elementary School
Public,K-81.1mi
3/10
Daniel Webster Middle School
Public,6-82.8mi
9/10
Beverly Hills High School
Public,9-121.5mi
6/10
University Senior High School Charter
Public,9-122.3mi
6/10
University Senior High School
Public,9-122.3mi

Price History

Date
Event
Price
07/11/03
Sold
$1,800,000
Condition Rating
Excellent

Despite being built in 1931, this property has undergone an extensive and high-quality renovation, as evidenced by the description and images. The gourmet kitchen features high-end stainless steel Viking appliances, marble countertops, and modern white shaker cabinets, appearing virtually new. The primary bathroom is luxurious with marble finishes, a large glass-enclosed shower, and a separate soaking tub (as described). Hardwood floors, recessed lighting, and updated fixtures are consistent throughout the main living areas. The addition of a fully permitted ADU further indicates significant recent investment. All visible components meet current quality standards with no deferred maintenance, making it move-in ready and aligning with an 'excellent' condition score.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location & Top Schools: Situated on a totally flat lot on one of Little Holmby's most coveted streets, the property offers immediate access to the award-winning Warner Avenue Elementary School, Holmby Park, Westfield Century City, Beverly Hills, and UCLA/Westwood.
Extensively Remodeled with Preserved Character: The house has been extensively remodeled and updated with newer systems, yet meticulously retains cherished original details such as crown moldings, warm hardwood floors, wainscoting, and French doors, offering a blend of modern comfort and classic charm.
Valuable Permitted ADU & High Bed/Bath Count: Includes a fully permitted 558 sqft ADU, expanding the total living space to 4,770 sqft with an impressive 5 bedrooms and 6 bathrooms, providing significant versatility for guests or multi-generational living.
Gourmet Kitchen & Luxurious Primary Suite: Boasts a spacious gourmet kitchen with marble counters, high-end stainless appliances, and a large center island, complemented by a palatial primary suite featuring a sitting area, fireplace, balcony, dual closets, and a sumptuous marble bath.
Exceptional Outdoor Entertainment Space: The private garden features mature landscaping, a brick patio, grassy area, and a spa, alongside an unheard-of 525 sqft of covered living area, ideal for year-round outdoor parties and alfresco dining.

Cons

Lack of Panoramic Views: The property explicitly states 'view: None,' which can be a significant detractor in a high-value Los Angeles market where scenic views often command a premium and are highly sought after.
Potential Overpricing Relative to Market Estimation: The current listing price of $6.395 million is notably higher than the estimated property value of approximately $6.085 million, suggesting an aggressive pricing strategy that could impact market appeal and negotiation.
Absence of a Swimming Pool: While featuring a spa and extensive covered outdoor living, the property description does not mention a swimming pool, which is a common expectation and desirable amenity for luxury estates in Southern California, especially given the climate and outdoor lifestyle.

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