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2690 Hollyridge Drive, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 2 bath

2690 Hollyridge Drive, Los Angeles, California 90068 home-pic-0
ACTIVE$1,995,000
2690 Hollyridge Drive, Los Angeles, California 90068
2Beds
2Baths
1,363Sqft
6,780Lot
Year Built
1954
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,464
HOA
-
Days on market
-
Sold On
-
MLS number
25526433
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Hills, Landmark, Mountain(s), Ocean
Deck
ViewCity Lights,Canyon,Hills,Landmark,Mountain(s),Ocean

About this home

Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(57th), sqft - 1363(13th), beds - 2(21th), baths - 2(38th).

Introducing the Grier House - Los Angeles Cultural Monument #833, a striking example of mid-century modern architecture designed in 1954 by the renowned Edward H. Fickett, FAIA. Perched above the city, this iconic home showcases breathtaking panoramic views of Los Angeles and the Griffith Park Observatory, beautifully framed by expansive walls of glass, large open decks, and thoughtfully positioned grass areas that create ideal vantage points for soaking in the scenery. Inside, the open floor plan and sleek, modern stainless steel kitchen provide an ideal space for effortless entertaining. Floor-to-ceiling windows and sliding glass doors throughout the home blur the line between indoor and outdoor living, allowing natural light and views to flood every corner. The primary suite opens to its own private deck with spectacular views, offering a tranquil and secluded retreat. Thanks to its inclusion in the Mills Act program, the Grier House offers significantly reduced property taxes currently around $4,500 per year making this architectural gem not only stunning but also financially advantageous.

Nearby schools

6/10
Cheremoya Avenue Elementary School
Public,•K-6•0.7mi
4/10
Grant Elementary School
Public,•K-6•1.2mi
4/10
Selma Avenue Elementary School
Public,•K-6•1.4mi
8/10
Valley View Elementary School
Public,•K-6•1.6mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.7mi
7/10
Gardner Street Elementary School
Public,•K-6•2.2mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•3.2mi
7/10
Rio Vista Elementary School
Public,•K-5•3.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.5mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.2mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.6mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.5mi
6/10
Walter Reed Middle School
Public,•6-8•4.6mi
6/10
Hollywood Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•2.4mi
7/10
Fairfax Senior High School
Public,•9-12•3.3mi
7/10
Burroughs High School
Public,•9-12•3.8mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•4.7mi
8/10
North Hollywood Senior High School
Public,•9-12•5.2mi

Price History

Date
Event
Price
08/22/19
Sold
$1,300,000
05/21/13
Sold
$905,000
07/14/04
Sold
$800,000
Condition Rating
Excellent
The Grier House, built in 1954, has undergone extensive and high-quality modern renovations, as evidenced by the description of a 'sleek, modern stainless steel kitchen' and the contemporary appearance of the bathrooms in the images. The bathrooms feature modern vanities, integrated sinks, glass shower enclosures, and updated tiling. The living areas showcase an open floor plan, hardwood floors, and modern light fixtures, all in excellent condition. While the property lacks a central cooling system, which is a notable omission for a luxury home in Los Angeles, the overall aesthetic, quality of finishes, and apparent recent updates across major interior spaces suggest a property that is virtually new in its key components and meets current quality standards for a move-in ready home.
Pros & Cons

Pros

Architectural Significance & Heritage: The Grier House is a Los Angeles Cultural Monument (#833), designed by renowned Edward H. Fickett, FAIA, representing a striking example of mid-century modern architecture.
Breathtaking Panoramic Views: The property offers stunning panoramic views of Los Angeles, the Griffith Park Observatory, city lights, canyons, hills, mountains, and the ocean from its elevated position.
Mills Act Tax Benefits: Inclusion in the Mills Act program provides significantly reduced property taxes, currently around $4,500 per year, offering a substantial financial advantage to the owner.
Exceptional Indoor-Outdoor Living: Expansive walls of glass, large open decks, floor-to-ceiling windows, and sliding glass doors seamlessly blend indoor and outdoor spaces, maximizing natural light and views.
Modern & Open Interior Design: The home features an open floor plan and a sleek, modern stainless steel kitchen, providing an ideal space for effortless entertaining and contemporary living.

Cons

Significant Valuation Gap: The current listing price of $1.995M is substantially higher than the estimated property value of $1.348M, indicating a potential overpricing of approximately 32%.
Limited Bedrooms/Square Footage: With only 2 bedrooms and 1363 sqft, the property offers less living space and fewer bedrooms compared to several recently sold comparables in a similar or lower price range.
Lack of Central Cooling System: The property description does not mention a cooling system, which could be a significant drawback for comfort during Los Angeles' hotter months.

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