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737 N Orange Drive, Los Angeles, California 90038, Los Angeles, 90038 - 4 bed, 3 bath

737 N Orange Drive, Los Angeles, California 90038 home-pic-0
ACTIVE$3,495,000
737 N Orange Drive, Los Angeles, California 90038
4Beds
3Baths
2,637Sqft
7,427Lot

Price Vs. Estimate

The estimated value ($3,037,809.28) is $457,190.72 (13%) lower than the list price ($3,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Living Arrangements: The property features two distinct homes on one parcel (3B/2B main house, 1B/1B + office ADU), offering significant flexibility for multi-generational living, guest accommodations, or rental income.
Top Cons:
Significant Price Discrepancy: The current list price of $3,495,000 is notably higher than the estimated property value of $3,037,809 and a comparable renovated property, which may affect market appeal and sale duration.

Compared to the nearby listings

Price:$3.50M vs avg $1.07M (+$2,429,000)93%
Size:2,637 sqft vs avg 1,798 sqft93%
Price/sqft:$1.3K vs avg $59693%

More Insights

Built in 1922 (103 years old).
Condition: Despite being built in 1922, this property has undergone an extensive, high-end renovation, bringing it to a virtually new condition. The kitchen is a chef's dream with Sub Zero and Wolf appliances, custom cabinetry, marble countertops, and modern fixtures. Bathrooms are luxurious, featuring Waterworks fixtures, steam showers, bidets, and heated towel racks, all appearing brand new and impeccably designed. The property also boasts modern amenities like solar panels, a Tesla Powerwall, a saltwater pool, and a spa, indicating a comprehensive upgrade to current quality standards with no deferred maintenance.
Year Built
1922
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$1,325
HOA
-
Days on market
-
Sold On
-
MLS number
BB25042832
Home ConditionExcellent
Features
Deck
Pool
Spa
Patio
ViewPool

About this home

Hancock Park Spanish oasis sits steps away from what Los Angeles Magazine calls, "the coolest street in Los Angeles." In the neighborhood for neighbors, a meticulous sanctuary with two intentional homes on one parcel off The Melrose Michelin Mile near art galleries lures. House #1 - 3B | 2B Front House: solar panels, Tesla Powerwall, Waterworks fixtures, private primary en suite with steam shower, bidet, heated towel rack, chef kitchen: Sub Zero Refrigerator, Wolf Gas Range + double ovens + microwave, double sinks: farmhouse + island, custom cabinets, private patio, al fresco dining, ten foot deep salt water pool with underwater seating, home theater, soaking tub, motorized shades + additional blackout shades in primary, . House #2 - 1B | 1B + Office with kitchen bar, California Closets, additional second laundry room, salt water spa, outdoor shower, and additional patio; solar for the pool. This half house/half vacation in the Sycamore District full of careful customization.

Price History

Date
Event
Price
04/07/00
Sold
$352,000
07/31/17
Sold
$1,725,000
05/25/11
Sold
$949,000
09/15/04
Sold
$865,000
Condition Rating
Excellent
Despite being built in 1922, this property has undergone an extensive, high-end renovation, bringing it to a virtually new condition. The kitchen is a chef's dream with Sub Zero and Wolf appliances, custom cabinetry, marble countertops, and modern fixtures. Bathrooms are luxurious, featuring Waterworks fixtures, steam showers, bidets, and heated towel racks, all appearing brand new and impeccably designed. The property also boasts modern amenities like solar panels, a Tesla Powerwall, a saltwater pool, and a spa, indicating a comprehensive upgrade to current quality standards with no deferred maintenance.
Pros & Cons

Pros

Versatile Living Arrangements: The property features two distinct homes on one parcel (3B/2B main house, 1B/1B + office ADU), offering significant flexibility for multi-generational living, guest accommodations, or rental income.
Luxury Amenities & Chef's Kitchen: The main house is appointed with high-end features including Waterworks fixtures, a primary en suite with steam shower and heated towel rack, and a chef's kitchen with Sub Zero and Wolf appliances.
Sustainable & Smart Home Features: Equipped with solar panels and a Tesla Powerwall for the main house, plus solar for the pool, indicating modern energy efficiency and reduced utility costs.
Exceptional Outdoor Entertainment: Boasts a 10-foot deep saltwater pool with underwater seating, a saltwater spa, outdoor shower, and multiple private patios for al fresco dining and relaxation.
Prime Hancock Park Location: Located in a highly desirable Hancock Park neighborhood, steps from 'The Melrose Michelin Mile' and art galleries, offering a vibrant and walkable lifestyle.

Cons

Significant Price Discrepancy: The current list price of $3,495,000 is notably higher than the estimated property value of $3,037,809 and a comparable renovated property, which may affect market appeal and sale duration.
Historic Property Maintenance: Built in 1922, the property, despite extensive customization, may still present potential maintenance considerations associated with an older structure's underlying systems.
Highly Customized Design: The 'careful customization' and 'half house/half vacation' description suggest a unique aesthetic that might appeal to a niche buyer, potentially limiting broader market interest.

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