5924 Graciosa Drive, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 4 bath
5924 Graciosa Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 5924 Graciosa Drive, Los Angeles, California 90068 reveals a property with a current list price of $1,395,000, which is 13% above the estimated $1,232,992 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5924 Graciosa Drive Subject | $1,395,000* List Price | 4 | 4 | 2,446 | $504 | - |
A 1945 Holly Drive Sold | $1,025,750 | 4 | 3 | 2,277 | $450 | 0.8 mi |
B 5545 Tuxedo Sold | $1,393,500 | 3 | 2 | 2,096 | $665 | 0.3 mi |
C 6234 Scenic Active | $1,499,000 List Price | 3 | 3 | 2,332 | $643 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1925, this property features highly dated kitchens and bathrooms that require substantial rehabilitation. The kitchen has tiled countertops, older appliances, and dated flooring, explicitly noted as having 'upside potential' in the description. Bathrooms feature penny tile, pedestal sinks, and yellow/white tiled surrounds, all indicative of styles from several decades ago. While the hardwood floors in living areas appear maintained and the property is livable, the significant investment needed to modernize these key areas and likely update major systems (HVAC, electrical, plumbing) due to the home's age aligns with the 'poor' condition criteria, which specifies substantial repairs and rehabilitation for major components.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Hollywood Hills Location
Situated in the highly desirable Bronson & Beachwood Canyons, offering proximity to Bronson Park, dining, shopping, and major studios.
- Panoramic Views
Boasts stunning views of the Oaks, downtown LA, city lights, canyon, and hills, enhancing its appeal.
- Unique Architectural Charm
A 'castle-like compound' featuring architectural windows, hardwood floors, and a spiral staircase, providing distinctive character.
CONSRISKS & DEFICIENCIES
- Kitchen Requires Modernization
The description notes 'upside potential' for the kitchen, indicating it is likely dated and will require significant investment to update.
- Historic Property Maintenance
Built in 1925, the home may come with the inherent maintenance demands and potential for older systems (e.g., plumbing, electrical, HVAC) common in properties of this age.
- Recent Price Reduction
A notable price drop from the original listing suggests the initial price point may have been too high or indicates market resistance, potentially affecting perceived value.
About 5924 Graciosa Drive
Incredibly located in the Iconic Bronson & Beachwood Canyons of the Hollywood Hills sits a castle like compound with views of the Oaks & downtown LA. At the top of its stairs, enter this 4 bedroom 3 bathroom home & walk into its large living room with hardwood floors & architectural windows. At the entrance wind your way up the spiral staircase & to the tree top level of the house and there are 3 bedrooms & 1 bathroom. 2 of the bedrooms have enclosed sitting porches. Just off the living room there is an alcove to a primary bedroom with a private balcony & access to two larger patios & gardens. A good size kitchen with upside potential has stairs that go down to another room and Large Wood Paneled Family room with separate entrance and balcony, could be a home office or nanny suite. The laundry is located by the Family Room on the bottom level with access to patios. There is a Large Private Rec Room over the Garage that has an additional living space and bathroom that is complete with private patio & separate entrance. Ideal for workspace, studio, office. Patios & gardens throughout as well as perfect for private al fresco dining & indoor/outdoor living. This retreat is in town and steps away from Bronson Park, shopping, dining, & all major studios. This compound inspires one's creative juices to just keep flowing. --
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 7,328 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.5 mi
Grant Elementary School
Grades K-6 • 1.0 mi
Selma Avenue Elementary School
Grades K-6 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 2,446 | 2,363 | 55% |
| Lot Size | 7,328 | 6,973 | 56% |
| Price | $1.40M | $1.90M | 22% |
| Price per sq ft | $570 | $879 | 11% |
| Built year | 1925 | 1950 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 176 | 3% |
Pricing History
Listed for Sale
Feb 4, 2026
$1,395,000
$1,595,000
-13% Price Drop
Initial Listing
Price Change
Jan 15, 2026
$1,595,000
Initial Listing