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858 Westchester Place, Los Angeles, California 90005, Los Angeles, 90005 - 6 bed, 5 bath

858 Westchester Place, Los Angeles, California 90005 home-pic-0
ACTIVE$2,799,000
858 Westchester Place, Los Angeles, California 90005
6Beds
5Baths
4,407Sqft
8,249Lot

Price Vs. Estimate

The estimated value ($2,322,084.205) is $476,915.795 (17%) lower than the list price ($2,799,000). This property may be overpriced.

Key pros and cons

Top Pros:
Significant Income Potential/Flexibility: The property features two Accessory Dwelling Units (ADUs), offering excellent opportunities for rental income, multi-generational living, or versatile additional space.
Top Cons:
Historic Preservation Overlay Zone (HPOZ) Restrictions: Location within an HPOZ may impose limitations on exterior modifications and future development, potentially affecting a buyer's ability to customize the property extensively.

Compared to the nearby listings

Price:$2.80M vs avg $2.85M ($-50,500)50%
Size:4,407 sqft vs avg 3,217.5 sqft63%
Price/sqft:$635 vs avg $67638%

More Insights

Built in 1921 (104 years old).
Condition: Despite being built in 1921, this property has undergone an extensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features new white shaker cabinets, modern gold hardware, light quartz-like countertops, a stylish herringbone subway tile backsplash, and stainless steel appliances, all indicative of a very recent upgrade. The bathrooms also showcase new white vanities, gold fixtures, modern mirrors, and updated lighting, presenting a fresh and contemporary look. Major systems like the roof, gutters, electrical, plumbing, floor joist framing, insulation, and subfloor have all been replaced or updated. The entire interior boasts new light hardwood flooring, recessed lighting, and fresh paint. While the mention of 'new wall AC units in addition to AC' could suggest a less integrated cooling system, the sheer scope and quality of the other renovations, including major system overhauls, place this property firmly in the 'excellent' category, being virtually new inside and move-in ready.
Year Built
1921
Close
-
List price
$2.8M
Original List price
$2.89M
Price/Sqft
$635
HOA
-
Days on market
-
Sold On
-
MLS number
25529587
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Discover this beautifully renovated home in the peaceful and charming Wilshire Park neighborhood! Featuring 3 bedrooms + den, 2.5 baths, and two ADUs, it's ideal for multi-generational living, rental income, or extra space. Recent upgrades include: Remodeled kitchen and bathrooms, new roof & gutters, updated electrical & lighting, replaced all copper plumbing, new wall AC units in addition to AC, garage restoration & built-in, new floor joist framing, insulation and new subfoor, built-in furniture, new interior and exterior paint thruought. Enjoy the convenience of a fully finished garage with sleek epoxy flooring and a brand new awning. Elegant wood shutters adorn the first floor, and stylish zebra blinds have been installed in all bedrooms for a modern, polished look. This move-in-ready home is thoughtfully appointed with elegant finishes throughout. Sitting on a large lot, the home features a tranquil backyard with a covered patio, perfect for outdoor dining, relaxing, and entertaining. Nestled on a quiet, walkable street, you'll enjoy both peace and convenience in one of LA's most charming pockets. Centrally located near The Grove, Beverly Hills, Century City, Hollywood, and Downtown LA, this home offers easy access to some of LA's most iconic destinations. Nestled right next to Hancock Park and charming Larchmont Village, it sits within the historic Wilshire Park HPOZ. Enjoy the vibrant atmosphere of nearby Koreatown, filled with diverse restaurants, markets, and entertainment options. A true gem blending classic charm with modern updates. Don't miss out and schedule your private tour today!

Price History

Date
Event
Price
05/05/22
Sold
$2,000,000
06/04/18
Sold
$1,300,000
10/30/15
Sold
$1,190,000
05/22/14
Sold
$682,500
09/09/05
Sold
$1,090,000
Condition Rating
Excellent
Despite being built in 1921, this property has undergone an extensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features new white shaker cabinets, modern gold hardware, light quartz-like countertops, a stylish herringbone subway tile backsplash, and stainless steel appliances, all indicative of a very recent upgrade. The bathrooms also showcase new white vanities, gold fixtures, modern mirrors, and updated lighting, presenting a fresh and contemporary look. Major systems like the roof, gutters, electrical, plumbing, floor joist framing, insulation, and subfloor have all been replaced or updated. The entire interior boasts new light hardwood flooring, recessed lighting, and fresh paint. While the mention of 'new wall AC units in addition to AC' could suggest a less integrated cooling system, the sheer scope and quality of the other renovations, including major system overhauls, place this property firmly in the 'excellent' category, being virtually new inside and move-in ready.
Pros & Cons

Pros

Significant Income Potential/Flexibility: The property features two Accessory Dwelling Units (ADUs), offering excellent opportunities for rental income, multi-generational living, or versatile additional space.
Extensive & Modern Renovations: Comprehensive recent upgrades including remodeled kitchen and bathrooms, new roof, updated plumbing and electrical, and new flooring ensure a move-in-ready condition with modern aesthetics and functionality.
Highly Desirable & Central Location: Situated in the charming Wilshire Park HPOZ, the home benefits from a quiet, walkable street and convenient central access to major LA destinations like The Grove, Beverly Hills, and Koreatown.
Large Lot with Enhanced Outdoor Living: The generous 8,249 sqft lot includes a tranquil backyard with a covered patio, perfect for outdoor dining, relaxation, and entertaining.
Elegant Finishes & Turnkey Condition: Thoughtfully appointed with elegant finishes, wood shutters, and stylish zebra blinds, the home presents a polished and ready-to-occupy living space.

Cons

Historic Preservation Overlay Zone (HPOZ) Restrictions: Location within an HPOZ may impose limitations on exterior modifications and future development, potentially affecting a buyer's ability to customize the property extensively.
Potential for Age-Related Maintenance: Despite extensive renovations, the 1921 original construction means the underlying structure is over 100 years old, which could still lead to unforeseen maintenance issues typical of historic properties.
Cooling System Configuration: The mention of 'new wall AC units in addition to AC' suggests a potentially less uniform or efficient cooling solution compared to a fully integrated central HVAC system, which might be expected in a home of this caliber and price point.

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