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2003 El Cerrito Place, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 6 bath

2003 El Cerrito Place, Los Angeles, California 90068 home-pic-0
ACTIVE$4,749,000
2003 El Cerrito Place, Los Angeles, California 90068
5Beds
6Baths
4,207Sqft
11,355Lot
Year Built
1938
Close
-
List price
$4.75M
Original List price
$4.75M
Price/Sqft
$1,129
HOA
-
Days on market
-
Sold On
-
MLS number
25492309
Home ConditionExcellent
Features
Good View:
Pool
Patio
View

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.75M(96th), sqft - 4207(91th), beds - 5(90th), baths - 6(93th).

Home can be sold fully furnished. Discover the epitome of refined, sophisticated luxury in this captivating 1938 residence nestled in the serene neighborhood of Outpost Estates. Situated at the base of the Hollywood Hills, this designer done property exudes a timeless elegance that harkens back to Hollywood's golden era. Its historic facade, a romantic relic of a bygone age, has been meticulously reimagined with no expense spared, seamlessly blending natural materials with ultramodern finishes. Inside, the home features a spacious living room with a Paonazzo Corchia marble fireplace, a dining area, five bedrooms, six bathrooms, custom built temperature controlled wine cellar. The exterior is equally impressive, with a pool, full outdoor kitchen with pizza oven, and fire pit. The backyard opens completely to the lushly landscaped setting, creating an ideal space for indoor-outdoor gatherings amid mature palm trees. The iconic architecture and artful design make this home a true testament to Old Hollywood glamour. It offers unparalleled access to the vibrant heart of Hollywood while serving as a tranquil retreat. Experience the best of Outpost Estates living, where classic design meets contemporary luxury.

Price History

Date
Event
Price
02/17/23
Sold
$3,800,000
11/23/20
Sold
$2,100,000
06/01/18
Sold
$2,000,000
05/03/01
Sold
$1,050,000
Condition Rating
Excellent
Despite being built in 1938, this property has undergone a meticulous, high-end renovation, as evidenced by the 'ultramodern finishes' and 'designer done' description. The images showcase a brand-new, sleek kitchen with top-tier stainless steel appliances, modern cabinetry, and high-quality countertops. All bathrooms are equally updated with contemporary fixtures, stylish vanities, and pristine tiling. The overall aesthetic, flooring, and light fixtures throughout the home reflect a recent, comprehensive, and luxurious renovation, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Luxury Renovation & Design: The property has been meticulously reimagined with no expense spared, blending natural materials with ultramodern finishes, exuding refined, sophisticated luxury and designer appeal.
Prime Location: Nestled in the serene and prestigious Outpost Estates at the base of the Hollywood Hills, offering a tranquil retreat with unparalleled access to the vibrant heart of Hollywood.
Exceptional Outdoor Amenities: The exterior boasts a pool, a full outdoor kitchen with a pizza oven, and a fire pit, creating an ideal space for indoor-outdoor gatherings amidst lush landscaping and mature palm trees.
Unique Historical Charm & Modern Features: Retains its iconic 1938 historic facade and Old Hollywood glamour, complemented by modern luxuries such as a custom-built temperature-controlled wine cellar and a Paonazzo Corchia marble fireplace.
Spacious Layout & Furnishing Option: Features a generous layout with five bedrooms and six bathrooms across 4207 sqft, with the added convenience of being sold fully furnished.

Cons

Significant Price Discrepancy: The current listing price of $4.749M is substantially higher than the estimated property value of $2.79M, indicating a potential overpricing issue or a unique value proposition not fully captured by standard estimations.
Age of Property: Built in 1938, despite extensive renovations, an older property may still present unforeseen maintenance challenges or require specific considerations for underlying infrastructure not explicitly mentioned as updated.
Unspecified View Quality: While located in the Hollywood Hills and marked as having a view, the description does not elaborate on the type or quality of the view (e.g., city lights, ocean, mountains), which is a key selling point for properties in this area.

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