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2003 La Brea Terrace, Los Angeles, California 90046, Los Angeles, 90046 - 7 bed, 9 bath

2003 La Brea Terrace, Los Angeles, California 90046 home-pic-0
ACTIVE$12,995,000
2003 La Brea Terrace, Los Angeles, California 90046
7Beds
9Baths
10,199Sqft
286,625Lot
Year Built
1911
Close
-
List price
$12.99M
Original List price
$12.99M
Price/Sqft
$1,274
HOA
-
Days on market
-
Sold On
-
MLS number
25518105
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s)
Deck
Pool
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,7 Pros. Rank: price - $12.99M(99th), sqft - 10199(98th), beds - 7(99th), baths - 9(99th).

This legendary compound has been passed down through generations of Hollywood royalty. At the top of La Brea Terrace, behind 2 gates, is a quarter-mile-long driveway that winds up to 3 separate residences, overlooking all of Los Angeles and Downtown. The property consists of 6.5 acres of mature landscaping with wonderful trails that meander around the property. The privacy offered by the acreage and hillsides is unparalleled, enhanced by an alarm system and security cameras for increased security. The primary home (6,700 ft, 4 beds upstairs) is a classic and charming villa with plentiful entertainment space and wonderful indoor-outdoor California flow. The secondary home (3,100 Ft, 2 Beds) is light and bright, featuring its own private patio and a small enclosed yard. The 3rd structure (not shown In photos) (500 ft, 1 bed) is an apartment situated above numerous parking garages. Only 2 blocks north of Sunset and a 5 minute walk to the entrance of Runyon Canyon. *RTI permits and plans available*

Nearby schools

7/10
Gardner Street Elementary School
Public,•K-6•0.5mi
8/10
Valley View Elementary School
Public,•K-6•1.3mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.9mi
9/10
West Hollywood Elementary School
Public,•K-5•2.6mi
7/10
Rio Vista Elementary School
Public,•K-5•3.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.4mi
8/10
Hawthorne Elementary School
Public,•K-8•3.8mi
6/10
Walter Reed Middle School
Public,•6-8•3.8mi
6/10
Hollywood Senior High School
Public,•9-12•0.8mi
7/10
Fairfax Senior High School
Public,•9-12•1.8mi
8/10
North Hollywood Senior High School
Public,•9-12•4.7mi
9/10
Beverly Hills High School
Public,•9-12•4.7mi
6/10
University Senior High School Charter
Public,•9-12•7.8mi
6/10
University Senior High School
Public,•9-12•7.8mi
Condition Rating
Fair
Built in 1911, this property is a well-maintained estate, but the kitchen and main bathroom show significant signs of being outdated. The kitchen features terracotta flooring, a large brick fireplace, and an antique-style built-in wooden refrigerator alongside some modern appliances. The bathroom includes a dated glass block shower and older-style tiling. While functional, these key areas require substantial cosmetic updates to align with current luxury standards, fitting the 'Fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 286625, living area = 10199.
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Unparalleled Privacy & Security: A gated compound with a quarter-mile-long private driveway, 6.5 acres of land, and enhanced security features (alarm system, cameras) ensures exceptional seclusion and peace of mind.
Panoramic Views & Prime Location: Offers sweeping views of Los Angeles and Downtown, situated in the prestigious Hollywood Hills West, with convenient access to Sunset Blvd and a short walk to Runyon Canyon.
Multi-Residence Compound: Comprises three separate residences totaling 10,199 sqft, providing versatile living arrangements for extended family, staff, or potential rental income opportunities.
Expansive & Amenity-Rich Grounds: The sprawling 6.5-acre lot features mature landscaping and private trails, creating a unique park-like environment for recreation and relaxation.
Historical Prestige & Development Potential: A legendary compound with a rich Hollywood history, complemented by available 'Ready To Issue' (RTI) permits and plans for future customization or expansion.

Cons

Historic Property Maintenance: Built in 1911, the property is over a century old, likely requiring significant ongoing maintenance, potential system upgrades, and adherence to historical preservation considerations, which can be costly.
High Operational Costs: The extensive size of the compound (6.5 acres, three residences) suggests substantial ongoing expenses for landscaping, utilities, and general upkeep, impacting long-term ownership costs.
Incomplete Visual Representation: The third residence is explicitly noted as 'not shown in photos,' which may create uncertainty and raise questions for prospective buyers regarding its condition and suitability.

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