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5558 Edgewood Place, Los Angeles, California 90019, Los Angeles, 90019 - 9 bed, 9 bath

5558 Edgewood Place, Los Angeles, California 90019 home-pic-0
ACTIVE$2,994,900
5558 Edgewood Place, Los Angeles, California 90019
9Beds
9Baths
4,543Sqft
6,252Lot

Price Vs. Estimate

The estimated value ($2,956,864.06) is $38,035.94 (1%) lower than the list price ($2,994,900). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Ideally situated in the heart of Miracle Mile, offering unparalleled access to world-class cultural institutions like LACMA and the Academy Museum, and minutes from upscale destinations like Beverly Hills and The Grove.
Top Cons:
Historic Property Considerations: Built in 1925, while updated, an older property may entail specific maintenance requirements, potential historical preservation restrictions, or unforeseen infrastructure updates.

Compared to the nearby listings

Price:$2.99M vs avg $1.42M (+$1,579,900)98%
Size:4,543 sqft vs avg 1,781.5 sqft98%
Price/sqft:$659 vs avg $79723%

More Insights

Built in 1925 (100 years old).
Condition: Despite being built in 1925, this property has undergone an extensive, high-end, and very recent renovation, as evidenced by the 'modern luxury' description and the pristine images. The kitchen features new, stainless steel appliances, modern cabinetry, white subway tile backsplash, and stylish pendant lighting. Bathrooms are equally impressive with contemporary fixtures, luxurious tile work (including marble-look in the master), freestanding soaking tub, and modern vanities. Throughout the home, there are new light hardwood floors, recessed lighting, modern light fixtures, and dual-zone heating and air conditioning, indicating all major systems and aesthetic components are new or virtually new and meet current quality standards.
Year Built
1925
Close
-
List price
$2.99M
Original List price
$3M
Price/Sqft
$659
HOA
-
Days on market
-
Sold On
-
MLS number
25576315
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

Experience the perfect blend of timeless elegance and modern luxury in this privately gated Mediterranean estate, ideally located in the heart of Miracle Mile. Just moments from world-class cultural destinations such as LACMA, the Academy Museum, Petersen Automotive Museum, and the La Brea Tar Pits and only minutes from Beverly Hills and The Grove this residence offers the ultimate in convenience and sophistication. This expansive home features 6 spacious bedrooms and 3 bonus rooms and 9 beautifully appointed bathrooms, each showcasing premium finishes and custom cabinetry. Designed for both comfort and lifestyle, the residence includes a state-of-the-art private theater, a dedicated gym area, an executive office, and dual-level laundry rooms for added convenience. Dual-zone heating and air conditioning provide optimal climate control year-round. Enter outside to your own private oasis, where lush landscaping creates the perfect backdrop for relaxing or entertaining guests. A two-car garage completes this thoughtfully designed estate, combining elegance with everyday functionality. This home is a true sanctuary in one of Los Angeles' most coveted neighborhoods, offering the ideal balance of classic charm and modern sophistication. **SELLER FINANCE AVAILABLE

Price History

Date
Event
Price
05/07/24
Sold
$1,760,000
03/28/18
Sold
$25,000
06/10/16
Sold
$1,995,000
11/17/04
Sold
$755,000
Condition Rating
Excellent
Despite being built in 1925, this property has undergone an extensive, high-end, and very recent renovation, as evidenced by the 'modern luxury' description and the pristine images. The kitchen features new, stainless steel appliances, modern cabinetry, white subway tile backsplash, and stylish pendant lighting. Bathrooms are equally impressive with contemporary fixtures, luxurious tile work (including marble-look in the master), freestanding soaking tub, and modern vanities. Throughout the home, there are new light hardwood floors, recessed lighting, modern light fixtures, and dual-zone heating and air conditioning, indicating all major systems and aesthetic components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Prime Location: Ideally situated in the heart of Miracle Mile, offering unparalleled access to world-class cultural institutions like LACMA and the Academy Museum, and minutes from upscale destinations like Beverly Hills and The Grove.
Extensive Luxury Amenities: The residence boasts a state-of-the-art private theater, a dedicated gym area, an executive office, and dual-level laundry rooms, catering to a sophisticated lifestyle.
Spacious & High-End Interiors: Featuring 6 spacious bedrooms, 3 bonus rooms, and 9 beautifully appointed bathrooms with premium finishes and custom cabinetry, providing ample and luxurious living space.
Seller Financing Option: The availability of seller financing presents a significant advantage for potential buyers, offering flexible purchasing terms in a competitive market.
Gated Mediterranean Estate: A privately gated Mediterranean estate offering timeless elegance, modern luxury, and a private oasis with lush landscaping, ensuring exclusivity and curb appeal.

Cons

Historic Property Considerations: Built in 1925, while updated, an older property may entail specific maintenance requirements, potential historical preservation restrictions, or unforeseen infrastructure updates.
Modest Lot Size for an Estate: At 6,252 sqft, the lot size is relatively modest for a property described as an 'estate' in Los Angeles, potentially limiting extensive outdoor recreational features or expansion.
Limited Defined Outdoor Features: While lush landscaping is mentioned, the description lacks specific details on high-end outdoor amenities such as a pool, spa, or elaborate outdoor entertaining areas, which are often expected in luxury estates.

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