2041 Glencoe Way, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 5 bath

2041 Glencoe Way, Los Angeles, California 90068 home-pic-0
ACTIVE$2,590,000
2041 Glencoe Way, Los Angeles, California 90068
5Beds
5Baths
3,020Sqft
3,797Lot
Year Built
1926
Close
-
List price
$2.59M
Original List price
$2.59M
Price/Sqft
$858
HOA
-
Days on market
-
Sold On
-
MLS number
25544735
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Landmark
Deck
Patio
ViewCity Lights,Hills,Landmark

About this home

We found 4 Cons,5 Pros. Rank: price - $2.59M(76th), sqft - 3020(72th), beds - 5(90th), baths - 5(82th).

Immersed in the fabric of Los Angeles, this hillside Mediterranean jewel offers numerous lounging decks and rooftop terraces with views of iconic landmarks. This storied duplex comprises both 2039 and 2041 Glencoe Way and was previously owned by Theo Wilson, a trailblazing journalist for the Los Angeles Times and New York Times. Experience a dreamy, enchanting lifestyle that only a home of this original character can provide, with rich period aesthetic details preserved inside and out. Vivid color complements moody hues to inspire deep thought and creativity. At 2041, enjoy authentic Spanish terra cotta tile floors, stucco fireplace, and built-ins in the delightful living room with French doors that open to the front patio. The kitchen is warm and inviting with a subway tile backsplash, aegean blue cabinetry, stainless-steel appliances, and bar ledge. The formal dining room, with its rich wood floors, also has French doors to the outside. A wrought-iron staircase leads to the primary bedroom with picture windows framing sweeping views of the city, and secondary bedrooms and bathrooms have built-ins and period details. One of the bedrooms has its own private entrance, offering added flexibility and privacy. There is also an office/gaming room with vaulted ceilings with exposed beams surrounded by striking vistas of treetops and hillsides. The living room of 2039 features an original 1926 brick fireplace, entertainer's bar, charming bookcase, and lofty ceiling with exposed beams, with direct access to a spacious patio perfect for outdoor gatherings. The eat-in kitchen has been extensively and beautifully updated with copper hardware, open shelving, bright subway tile backsplash, an abundance of cabinetry, and top-of-the-line appliances. The primary bedroom has a large skylight, French doors opening to a rooftop lounging deck, an adjacent sitting alcove with picture window, and en-suite bathroom. The secondary bedroom, currently used as an office, offers direct access to the outdoors and features its own en-suite bath. Relax, entertain, and dine al-fresco from multiple tiered patios, screened for privacy from the street, including a trellis-covered outdoor dining room with views of the hills and city. Both addresses include covered parking and an in-unit laundry. Live in one and rent out the other for a steady flow of passive income. The Hollywood Bowl is also close by, with no need for ride-share or transportation. 2039 is Luxury Exempt and therefore not subject to the limitations of rent control. Within the last five years, many updates have been made throughout; both addresses have newer water heaters, water filtration systems, and HVAC. New doors and windows come with a transferrable 10-year warranty. 2041's upgrades include a newly installed EV charging station and kitchen appliances (three years), and 2039's kitchen has updated flooring, cabinetry, lighting, and appliances (two years). Welcome!

Condition Rating
Excellent

Despite being built in 1926, this duplex has undergone extensive renovations within the last five years, including newer HVAC, water heaters, water filtration systems, and new doors/windows with a 10-year warranty. Both kitchens are virtually new (2-3 years old) with modern cabinetry, stainless steel/top-of-the-line appliances, and stylish subway tile backsplashes. The bathrooms also feature contemporary updates with modern vanities, tiling, and fixtures. The property seamlessly blends its preserved historic character with high-quality, recent upgrades, making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex offering the flexibility to live in one unit and rent out the other for passive income, with one unit (2039) being Luxury Exempt from rent control.
Historic Mediterranean Charm: Preserves rich period aesthetic details, authentic Spanish terra cotta tile floors, stucco fireplace, and original 1926 brick fireplace, appealing to buyers seeking character.
Panoramic City & Hillside Views: Features numerous decks, terraces, and picture windows framing sweeping views of iconic landmarks, the city, treetops, and hillsides.
Extensive Recent Upgrades: Significant updates within the last five years, including newer HVAC, water heaters, water filtration systems, new doors/windows with warranty, updated kitchens, and an EV charging station.
Prime Hollywood Hills Location: Situated in the desirable Hollywood Hills, offering proximity to iconic landmarks like the Hollywood Bowl, enhancing lifestyle and convenience.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3797, living area = 3020.
Multi-Level/Complex Layout: The property's multi-level design with numerous stairs, decks, and tiered patios, while offering unique spaces, may pose accessibility challenges or be less suitable for buyers preferring single-level living.
Limited Traditional Yard Space: The outdoor areas are primarily composed of decks, terraces, and tiered patios, suggesting a lack of a conventional flat backyard, which might not appeal to all buyers, especially those with children or pets.
Potential for Hillside Maintenance: As a hillside property, there could be ongoing maintenance considerations related to retaining walls, drainage, and landscaping specific to its topography, which may require specialized attention.

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