
Los Angeles, California 90068
This Italian Revival Villa represents a Strong Value Opportunity, listed at $2,595,000—positioned well below the $2,718,334 Fair Market Value by 4%. This valuation gap offers $123,334 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a rare street-to-street lot with sweeping canyon views, a private guest house, and preserved historic architecture. While middle school ratings vary, the property is near top-rated elementary and high schools. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6470 Ivarene Avenue Subject | $2,595,000* List Price | 5 | 5 | 3,435 | $791 | - |
A 6930 Oporto Drive Sold | $2,811,000 | 3 | 4 | 3,502 | $803 | 0.7 mi |
B 6740 Milner Road Sold | $2,350,000 | 4 | 4 | 2,915 | $806 | 0.4 mi |
C 5712 Spring Oak Drive Sold | $3,200,000 | 5 | 5 | 3,320 | $964 | 1.0 mi |
D 6216 Primrose Avenue Sold | $1,989,500 | 3 | 5 | 2,756 | $722 | 0.3 mi |
E 2311 Vasanta Way Sold | $3,100,000 | 4 | 6 | 4,200 | $738 | 0.3 mi |
F 2890 Durand Drive Sold | $2,722,000 | 4 | 4 | 3,317 | $821 | 0.8 mi |
G 2781 Westshire Drive Pending | $2,495,000 List Price | 4 | 5 | 3,516 | $710 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1927, the property is described as 'lovingly preserved' and appears move-in ready and functional in photos. The interior shows evidence of maintenance and updates (such as recessed lighting) likely within the 10-20 year range, distinguishing it from dated 'Fair' properties.
Built in 1927 for actor Orville Caldwell, this Italian Revival villa boasts a storied provenance and preserved architectural details like arched passageways and intricate ironwork that offer a rare, transportive character.
The expansive 9,945 sqft lot features rolling lawns, terraces, and a private guest house, providing a level of privacy and outdoor versatility that is highly uncommon in the Hollywood Hills.
The inclusion of a separate guest house provides an ideal retreat for creative work, extended stays, or multi-generational living, significantly increasing the property's functional square footage.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Given its 1927 construction and preserved 'old-world' details, the property may require specialized and potentially costly maintenance to update aging infrastructure while maintaining its historic integrity.
While the elementary and high schools are highly rated, the assigned middle schools in the area have significantly lower scores, which may be a consideration for families prioritizing public education.
Built in the 1920s for actor Orville Caldwell and set above it all, this Italian Revival villa carries a storied Hollywood legacy. Over the years, it has passed through the hands of artists, diplomats, and cultural figures, including caricaturist Cleanthe Carr and Rolando Dalla Rosa, the Italian vice-consul to Los Angeles. Its history lingers in the details. Set on a rare street-to-street lot, the grounds unfold in layers. Terraces, courtyards, rolling lawns, and a private backyard patio shaded by climbing jasmine and mature lemon trees give way to sweeping hillside views, offering both privacy and presence in equal measure. The guest house provides a quiet retreat for out-of-towners, creative work, or extended stays. Inside, the architecture speaks for itself: arched passageways, juliette balconies, and intricate ironwork create a sense of old-world soul that has been lovingly preserved. Ivarene isn't just a home, it's transportive to another era.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 5.0 | 3.0 | 84% |
| Square foot | 3,435 | 2,332 | 84% |
| Lot Size | 9,945 | 7,570 | 65% |
| Price | $2.60M | $1.96M | 74% |
| Price per sq ft | $755 | $877 | 30% |
| Built year | 1927 | 1949 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 176 | 2% |
May 29, 2026
$2,595,000
Initial Listing
Nov 20, 2014
$1,759,000
Public Record
Sep 28, 2004
$1,537,000
Public Record
Sep 27, 2002
$969,000
Public Record