603 N Las Palmas Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 5 bath

603 N Las Palmas Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$4,250,000
603 N Las Palmas Avenue, Los Angeles, California 90004
5Beds
5Baths
5,000Sqft
7,543Lot
Year Built
2014
Close
-
List price
$4.25M
Original List price
$4.25M
Price/Sqft
$850
HOA
-
Days on market
-
Sold On
-
MLS number
25534785
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.25M(85th), sqft - 5000(90th), beds - 5(81th), baths - 5(84th).

OWNER MAY CARRY THE NOTE AT 5% INTEREST ONLY WITH 35% DOWN. Located in the prestigious Hancock Park neighborhood, this elegant new-construction home (built in 2014) offers modern luxury with timeless charm. Situated on a desirable corner lot, this spacious residence features 4+ bedrooms and 4.5 bathrooms. Upon entry, you're welcomed by a foyer leading to a formal living room with a fireplace and an elegant dining room perfect for entertaining. The chef's kitchen is a dream, boasting high-end appliances, a walk-in pantry, a center island, and seamless access to the family room, which opens to a private backyard retreat. The first floor includes two versatile bedrooms/offices, offering the option to create a first-floor bedroom suite, along with a powder room for guests. Upstairs, the expansive primary suite impresses with a fireplace, private balcony, spa-like bathroom with a sauna, and a generous walk-in closet. The second-floor family space is perfect for lounging, while three additional bedrooms, each with private en-suite bathrooms and walk-in closets, offer comfort and privacy. A dedicated home gym(could be a 5th bedroom upstairs) and large laundry room completes the upper level. Outside, the backyard oasis includes a patio, built-in BBQ area, sparkling pool, and a detached two-car garage. This is a rare opportunity to own a move-in-ready home in one of Hancock Park's most sought-after locations. Located in Hancock Park HPOZ. Don't miss your chance, schedule a showing today!

Nearby schools

2/10
Vine Street Elementary School
Public,K-60.7mi
8/10
Third Street Elementary School
Public,K-50.8mi
6/10
Van Ness Avenue Elementary School
Public,K-51.2mi
2/10
Wilshire Crest Elementary School
Public,K-51.8mi
7/10
Queen Anne Place Elementary School
Public,K-52.2mi
3/10
Hubert Howe Bancroft Middle School
Public,6-80.4mi
7/10
John Burroughs Middle School
Public,6-81.3mi
3/10
Laurel Elementary School
Public,K-81.6mi
7/10
Fairfax Senior High School
Public,9-121.4mi
4/10
Los Angeles Senior High School
Public,9-121.8mi

Price History

Date
Event
Price
12/16/97
Sold
$490,000
07/21/94
Sold
$435,000
Condition Rating
Excellent

This property, built in 2014, is only 10 years old and is described as an 'elegant new-construction home' offering 'modern luxury.' The kitchen features high-end stainless steel appliances, modern flat-panel cabinetry, solid surface countertops, a large center island, and contemporary tile flooring, all appearing in excellent condition. The description also highlights a 'spa-like bathroom with a sauna,' indicating premium finishes. Throughout the home, images show hardwood flooring, recessed lighting, and a generally well-maintained, modern aesthetic. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property built within the last 10 years.
Pros & Cons

Pros

Prestigious Location & Modern Construction: Situated in the highly sought-after Hancock Park neighborhood, this elegant home was built in 2014, offering modern luxury and amenities within a timeless, desirable area.
Attractive Owner Financing Option: The owner is offering a unique financing incentive with a 5% interest-only note and 35% down, providing a significant financial advantage for potential buyers.
Luxurious Primary Suite & En-Suite Bedrooms: The expansive primary suite features a fireplace, private balcony, spa-like bathroom with a sauna, and a generous walk-in closet, complemented by additional bedrooms each with private en-suite bathrooms and walk-in closets.
Comprehensive Outdoor Entertainment Area: The private backyard oasis is fully equipped for leisure and entertaining, including a patio, built-in BBQ area, and a sparkling pool.
Flexible & Spacious Layout: With 5 bedrooms, 4.5 bathrooms, and 5000 sqft, the home offers versatile spaces such as two first-floor bedrooms/offices, a second-floor family space, and a dedicated home gym (potential 5th bedroom), catering to diverse living needs.

Cons

Listing Price Above Estimated Value: The current listing price of $4.25M is 3% higher than the estimated property value of $4.107M, which may require justification or negotiation to attract buyers.
HPOZ Restrictions: Being located within the Hancock Park HPOZ (Historic Preservation Overlay Zone) means potential buyers will face strict guidelines and limitations on exterior modifications and future development, which could increase costs and complexity for personalization.
Detached Garage: While offering privacy, the detached two-car garage may be less convenient for daily use compared to an attached garage, particularly in terms of direct home access and security.

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