626 N Las Palmas Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 4 bath

626 N Las Palmas Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$4,195,000
626 N Las Palmas Avenue, Los Angeles, California 90004
4Beds
4Baths
3,460Sqft
6,356Lot

Price Vs. Estimate

The estimated value ($2,761,217.88) is $1,433,782.12 (34%) lower than the list price ($4,195,000). This property may be overpriced.

Key pros and cons

Top Pros:
Desirable Location & Curb Appeal: Located on a tree-lined block in the highly sought-after Hancock Park area, offering excellent curb appeal and proximity to the top-rated Third Street School district.
Top Cons:
Significant Price Discrepancy: The listing price of $4.195M is substantially higher than the estimated property value of $2.76M, which may raise questions about its market competitiveness and perceived value.

Compared to the nearby listings

Price:$4.20M vs avg $2.33M (+$1,870,000)84%
Size:3,460 sqft vs avg 2,382 sqft76%
Price/sqft:$1.2K vs avg $1.0K77%

More Insights

Built in 1925 (100 years old).
Condition: This 1925 Tudor has undergone an extensive and high-quality renovation, bringing it to a virtually new condition in key areas. The images showcase a custom gourmet kitchen with modern white shaker cabinets, a waterfall island, and stainless steel appliances. The bathrooms are spa-like with contemporary fixtures, freestanding tubs, and large walk-in showers. Flooring appears to be new or refinished hardwood throughout, and lighting is updated with recessed and stylish fixtures. The addition of a detached, permitted ADU with a kitchenette and full bath further enhances its modern appeal and functionality. While the original structure is old, the comprehensive updates meet current quality standards, indicating minimal deferred maintenance and a move-in ready state with a luxurious feel.
Year Built
1925
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$1,212
HOA
-
Days on market
-
Sold On
-
MLS number
25527041
Home ConditionExcellent
Features
Good View:
Pool
Patio
View

About this home

Perfectly set back from the street on a tree-lined block, this idyllic 1924 Hancock Park Tudor delights at every turn. A thoughtfully landscaped and grassy front yard leads to the charming 4 bedroom, 3.5 bathroom home, which has been updated with an eye for today's living. Upon entry, the center hall plan offers views to the sunny backyard and perfectly-proportioned living spaces throughout. With beautiful original leaded glass windows, the formal living and dining rooms offer ample light and flow seamlessly to a separate den, custom gourmet kitchen, and a breakfast room with French doors that open to the private and lush backyard. The first level also features a guest bedroom or office space with its own powder bath. Up the curved staircase, find the large primary suite with an updated spa-like bathroom, and double walk-in closets. Two additional spacious bedrooms with en-suite bathrooms complete the upstairs. Outside, mature landscaping surrounds the backyard, with a sparkling pool, a large covered patio for al fresco dining, and plenty of grassy space for entertaining and fun. A detached, permitted ADU, allows for ample space for guests, complete with a kitchenette and full bath. With plenty of space and an excellent location in the Third Street School district, this home truly checks every box!

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
11/02/20
Sold
$3,090,000
04/14/10
Sold
$1,900,000
Condition Rating
Excellent

This 1925 Tudor has undergone an extensive and high-quality renovation, bringing it to a virtually new condition in key areas. The images showcase a custom gourmet kitchen with modern white shaker cabinets, a waterfall island, and stainless steel appliances. The bathrooms are spa-like with contemporary fixtures, freestanding tubs, and large walk-in showers. Flooring appears to be new or refinished hardwood throughout, and lighting is updated with recessed and stylish fixtures. The addition of a detached, permitted ADU with a kitchenette and full bath further enhances its modern appeal and functionality. While the original structure is old, the comprehensive updates meet current quality standards, indicating minimal deferred maintenance and a move-in ready state with a luxurious feel.
Pros & Cons

Pros

Desirable Location & Curb Appeal: Located on a tree-lined block in the highly sought-after Hancock Park area, offering excellent curb appeal and proximity to the top-rated Third Street School district.
Detached Permitted ADU: Includes a valuable detached, permitted Accessory Dwelling Unit with a kitchenette and full bath, providing versatile space for guests, office, or potential rental income.
Extensive Updates & Gourmet Kitchen: The home has been thoughtfully updated for modern living, featuring a custom gourmet kitchen and updated spa-like primary bathroom, enhancing its move-in readiness.
Private Outdoor Oasis with Pool: The lush, private backyard boasts a sparkling pool, large covered patio, and ample grassy space, ideal for entertaining and outdoor living in Los Angeles.
Retained Architectural Charm: Preserves its idyllic 1924 Tudor architectural character with beautiful original leaded glass windows, blending historic charm with contemporary comforts.

Cons

Significant Price Discrepancy: The listing price of $4.195M is substantially higher than the estimated property value of $2.76M, which may raise questions about its market competitiveness and perceived value.
Absence of Explicit HVAC/Cooling System Mention: The description does not specify the presence or condition of a modern HVAC or cooling system, which is a critical amenity for comfort in Los Angeles and could be an additional cost for buyers.
Inherent Maintenance of Older Construction: Despite updates, a 1925-built home may still present ongoing maintenance challenges or require more frequent upkeep associated with older infrastructure, potentially leading to unforeseen expenses.

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