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838 Lorraine, Los Angeles, California 90005, Los Angeles, 90005 - 4 bed, 3 bath

838 Lorraine, Los Angeles, California 90005 home-pic-0
ACTIVE$1,499,000$3,945/sqft
Est. Value: $1,501,193
%
FairlyEstimate
838 Lorraine, Los Angeles, California 90005
4Beds
3Baths
3,945Sqft
7,506Lot

Price Vs. Estimate

The estimated value ($1,501,193.305) is $2,193.305 (0%) lower than the list price ($1,499,000). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Architectural Heritage: A classic 1916 Windsor Village HPOZ gem, the property boasts stunning original hardwood floors, graceful wood handrails, and timeless architecture, offering a rare opportunity to own a piece of LA's architectural history.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.

Compared to the nearby listings

Price:$1.50M vs avg $2.45M ($-951,000)11%
Size:3,945 sqft vs avg 3,293 sqft67%
Price/sqft:$380 vs avg $79111%

More Insights

Built in 1916 (110 years old).
Condition: Built in 1916, this property requires substantial rehabilitation. While some hardwood floors have been refinished and the roof is newer (2019), the kitchen and bathrooms are severely outdated, featuring original or very old fixtures, appliances, and finishes (e.g., tiled countertops, vintage stove, clawfoot tub, peeling wallpaper). The listing explicitly states it 'needs some TLC' and 'extensive renovation required,' and is being sold 'in its current condition,' indicating significant investment is needed to bring it to modern standards.
Year Built
1916
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
SR26001424
Home ConditionPoor
Features
Deck
Patio
View-

About this home

Classic 1916 Windsor Village HPOZ Gem with Income Potential. The family who has spent the past 58 years making great memories is ready for the next owner to make their own memories. Located in the culturally rich Windsor Village community, this captivating 4-bedroom, 3.25-bath classic residence offers approximately 3,945 square feet of living space on a generous 7,504 sq ft lot. With its Historic Preservation Overlay Zone (HPOZ) designation, 838 S Lorraine Boulevard presents a rare chance to own a piece of LA's architectural heritage, ready for you to restore it to its full glory and make it your dream home. Character Meets Opportunity: Stunning original hardwood floors in the living room, dining room, and two bedrooms have been beautifully refinished, along with the graceful wood handrails and staircase, showcasing the exceptional craftsmanship of 1916. The home's timeless architecture and quality construction reflect an era when homes were built to last, cherished by the same family since 1967. Versatile Living Spaces: Finished third-floor attic with refreshed flooring and fresh paint offers flexible space for home office, studio, or additional living area. Bonus studio unit above the 2-car garage provides excellent income potential or perfect in-law/guest quarters. Spacious rooms with classic proportions throughout. Solid Bones, Ready for Your Vision: Newer roof (2019) provides peace of mind. Original character details and architectural elements throughout. Perfect opportunity for buyers who appreciate historic homes and want to restore this classic to its full potential. Prime Location: Windsor Village's Hancock Park adjacent location offers close proximity to Los Angeles' top destinations, vibrant Koreatown dining and shopping, the museums and culture of Miracle Mile, trendy restaurants and shops of Mid-City. Easy access to downtown and all major corridors. Trust Sale, no court confirmation required. Property being sold in its current condition. This beautiful classic home needs some TLC but offers tremendous potential for the right buyer. A rare chance to own a piece of LA's heritage, ideal for owner-occupants who love vintage architecture or investors seeking a value-add opportunity in one of LA's most sought-after neighborhoods.

J
Jane Bishop
Listing Agent
Condition Rating
Poor
Built in 1916, this property requires substantial rehabilitation. While some hardwood floors have been refinished and the roof is newer (2019), the kitchen and bathrooms are severely outdated, featuring original or very old fixtures, appliances, and finishes (e.g., tiled countertops, vintage stove, clawfoot tub, peeling wallpaper). The listing explicitly states it 'needs some TLC' and 'extensive renovation required,' and is being sold 'in its current condition,' indicating significant investment is needed to bring it to modern standards.
Pros & Cons

Pros

Historic Architectural Heritage: A classic 1916 Windsor Village HPOZ gem, the property boasts stunning original hardwood floors, graceful wood handrails, and timeless architecture, offering a rare opportunity to own a piece of LA's architectural history.
Income & Flexible Living Potential: Includes a bonus studio unit above the 2-car garage, providing excellent income potential or ideal guest quarters, alongside a finished third-floor attic offering versatile space for an office or studio.
Prime & Desirable Location: Located in the culturally rich Windsor Village, adjacent to Hancock Park, offering close proximity to vibrant Koreatown dining, Miracle Mile museums, trendy Mid-City shops, and easy access to downtown.
Solid Structural Foundation: Described as having 'solid bones' and featuring a newer roof installed in 2019, providing a strong and reliable foundation for future restoration and peace of mind.
Significant Value-Add Opportunity: Presents tremendous potential for the right buyer to restore this classic home to its full glory, appealing to both owner-occupants who appreciate vintage architecture and investors seeking a value-add project.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
Extensive Renovation Required: The property 'needs some TLC' and is explicitly stated as 'ready for you to restore it to its full glory,' indicating a significant investment in time, effort, and capital for comprehensive renovation.
HPOZ Renovation Restrictions: Its Historic Preservation Overlay Zone (HPOZ) designation, while preserving character, may impose strict guidelines, potentially increasing costs and extending timelines for desired renovations and modifications.
Sold As-Is Condition: The property is being sold 'in its current condition' as a Trust Sale, meaning the seller will not make any repairs, requiring the buyer to accept all existing issues and potential future expenses.
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