
Los Angeles, California 90036
This Turnkey Spanish Residence represents a Strong Value Opportunity, listed at $2,945,000—positioned well below the $2,724,954 Fair Market Value by 8%. Featuring a Condition Rating of 2, this home offers a renovated cook's kitchen, a detached guest house, and a rooftop deck. While the local elementary school rating is low, the property’s proximity to the Metro D Line and cultural hubs ensures long-term stability. This is an ideal acquisition for Owner-Occupants seeking a luxury lifestyle or sophisticated investors targeting the Miracle Mile renaissance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 808 S Cloverdale Avenue Subject | $2,945,000* List Price | 4 | 4 | 3,015 | $904 | - |
A 108 S Formosa Avenue Sold | $2,718,800 | 4 | 4 | 3,256 | $835 | 0.9 mi |
B 821 S Cloverdale Avenue Sold | $2,095,000 | 4 | 3 | 2,344 | $894 | 0.0 mi |
C 158 S Formosa Avenue Sold | $2,380,000 | 4 | 4 | 2,660 | $895 | 0.8 mi |
D 846 S Cloverdale Sold | $2,098,000 | 3 | 4 | 2,620 | $801 | 0.1 mi |
E 935 S Burnside Avenue Sold | $3,250,000 | 4 | 6 | 3,462 | $939 | 0.3 mi |
F 615 S Highland Avenue Sold | $2,885,000 | 4 | 5 | 3,331 | $866 | 0.5 mi |
G 146 S Martel Avenue Sold | $3,800,000 | 4 | 4 | 3,465 | $1,097 | 0.9 mi |
H 323 S Orange Drive Sold | $2,800,000 | 4 | 5 | 3,267 | $857 | 0.6 mi |
I 348 S Orange Drive Active | $2,595,000 List Price | 4 | 5 | 2,934 | $884 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1928, the property has undergone a high-end comprehensive renovation. The kitchen features modern flat-panel cabinetry and integrated appliances, and the interior shows mint-condition finishes, recessed lighting, and updated systems throughout, consistent with a recent top-tier remodel.
The property includes a ~500 sqft detached guest house with its own kitchen and bath, offering exceptional versatility for rental income, a creative studio, or a private home office.
Situated in the heart of Miracle Mile, the home is steps from world-class museums and the new Metro D Line extension, ensuring long-term value and urban convenience in a rapidly evolving neighborhood.
This 1928 Spanish residence masterfully preserves timeless details like vaulted ceilings and a courtyard entry while integrating modern luxuries like a renovated cook's kitchen and a primary suite rooftop deck.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3015, other record living area = 2885.
The property is zoned for Wilshire Crest Elementary, which currently holds a low rating of 2/10, potentially impacting its appeal to families prioritizing immediate public school quality.
With 88 days on the market and a recent price reduction, the property is experiencing slower-than-average absorption, suggesting the current price point may still be adjusting to meet buyer demand.
Behind a charming courtyard entry, this elegant Spanish residence blends timeless architectural character with modern comfort. A dramatic vaulted-ceiling living room, gracious formal dining room, and updated cook's kitchen with breakfast room flow seamlessly to the outdoors, creating an ideal setting for everyday living and effortless entertaining. The flexible floor plan offers exceptional versatility with a downstairs bedroom and bath, plus a den that can easily serve as a fifth bedroom, home office, or media room, along with a powder room. Upstairs, the spacious primary suite is a true retreat, featuring two walk-in closets, a luxurious bath, private balcony, and direct access to a rooftop deck with neighborhood vistas. There are 2 additional well sized bedrooms and another beautiful bathroom upstairs. Lush, private gardens surround an expansive entertaining deck and a detached guest house (approximately 500 additional square feet) complete with its own kitchen and bath perfect for guests, a creative studio, or work-from-home living. Ideally located in the heart of Miracle Mile, one of Los Angeles' most exciting and rapidly evolving neighborhoods, the home is surrounded by world-class cultural institutions, acclaimed restaurants, vibrant shopping, neighborhood markets, and popular bars. Just moments from LACMA, the Petersen Automotive Museum, and the Academy Museum of Motion Pictures, the area is experiencing a remarkable renaissance driven by transformative development and the arrival of the new Metro D Line subway extension, providing convenient access to Downtown Los Angeles and the Westside. This is a rare opportunity to own a classic Spanish home in the center of one of the city's premier cultural corridors.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,015 | 1,664.159 |
| Lot Size | 6,690 | 6,066.556 |
| Price | $2.94M | $1.35M |
| Price per sq ft | $977 | $806 |
| Built year | 1928 | 1939 |
| HOA | $0 | $278 |
| Days on market | 107 | 55 |
Aug 7, 2026
$2,945,000
$2,995,000
-2% Price Drop
Initial Listing
May 25, 2026
$2,995,000
Initial Listing
Feb 2, 2010
$1,286,000
Public Record
Sep 23, 2005
$1,595,000
Public Record