401 S Las Palmas Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 6 bed, 7 bath

401 S Las Palmas Avenue, Los Angeles, California 90020 home-pic-0
ACTIVE$7,990,000
401 S Las Palmas Avenue, Los Angeles, California 90020
6Beds
7Baths
6,547Sqft
19,562Lot
Year Built
1927
Close
-
List price
$7.99M
Original List price
$7.99M
Price/Sqft
$1,220
HOA
-
Days on market
-
Sold On
-
MLS number
25544977
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Hills
Pool
Patio
ViewPark/Greenbelt, Hills

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $7.99M(75th), sqft - 6547(63th), beds - 6(50th), baths - 7(63th).

Grand Hancock Park Estate on Coveted Tree-Lined Street Half-Acre Lot Located on one of Hancock Park's most picturesque and sought-after streets, this stately residence is set on an expansive half-acre lot, offering the rare combination of timeless elegance and resort-style amenities in the heart of the city. Originally constructed with classic architectural integrity, the home underwent a complete rebuild down to the studs in 2010, resulting in a masterfully reimagined estate where sophisticated design meets modern function. Every room is thoughtfully oriented to capture panoramic views of the lush, park-like grounds, creating a seamless connection between indoor and outdoor living. The centerpiece of the outdoor space is an Olympic-sized swimmer's pool with an automatic cover, set against the backdrop of a striking resort-style cabana, oversized outdoor fireplace, and a fully equipped BBQ kitchen perfect for grand-scale entertaining or intimate family gatherings. Inside, the home features a spacious gourmet eat-in kitchen that opens to both the family room and backyard, ideal for modern living. The formal living room boasts soaring beamed ceilings and a fireplace, while a richly appointed wood-paneled library offers a cozy retreat. A guest suite with separate entrance and a private office complete the main level. Upstairs, the dramatic vaulted staircase leads to five generously sized bedrooms, including a luxurious primary suite with spa-inspired bath, dual walk-in closets, a secluded patio & sitting area with fireplace overlooking the grounds. This extraordinary property is a showcase for the best of Southern California indoor/outdoor living, offering unparalleled space, comfort, and style in one of Los Angeles' most prestigious neighborhoods. Tennant occupied until March 2026. Please do not disturb the tenants.

Price History

Date
Event
Price
06/04/10
Sold
$4,200,000
09/15/06
Sold
$3,150,000
Condition Rating
Excellent

This property underwent a complete rebuild down to the studs in 2010, effectively making it a modern home with an effective age of 14 years. The gourmet kitchen features high-end white shaker cabinetry, pristine white countertops, a large center island, and professional-grade stainless steel appliances (including a built-in refrigerator and range), all in excellent condition and meeting current quality standards. Hardwood floors are consistently seen throughout the living areas and bedrooms, appearing well-maintained. The description also highlights a 'spa-inspired bath' in the primary suite, suggesting similar high-quality finishes. The overall aesthetic is sophisticated and modern, with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Prestigious Location & Lot Size: Located on a coveted, picturesque tree-lined street in Hancock Park, this estate boasts an expansive half-acre lot, offering a rare combination of prime location and generous space in the heart of the city.
Extensive Modern Renovation: The home underwent a complete rebuild down to the studs in 2010, masterfully reimagining the estate with sophisticated design and modern functionality while preserving its classic architectural integrity.
Resort-Style Outdoor Amenities: The property features an Olympic-sized swimmer's pool with an automatic cover, a striking resort-style cabana, an oversized outdoor fireplace, and a fully equipped BBQ kitchen, ideal for grand-scale entertaining.
Luxurious Interior Features: Highlights include a spacious gourmet eat-in kitchen, a formal living room with soaring beamed ceilings, a richly appointed wood-paneled library, a guest suite with a separate entrance, and a luxurious primary suite with a spa-inspired bath and dual walk-in closets.
Seamless Indoor/Outdoor Living: Every room is thoughtfully oriented to capture panoramic views of the lush, park-like grounds, creating a seamless connection between indoor and outdoor living, showcasing the best of Southern California lifestyle.

Cons

Tenant Occupancy Limitation: The property is tenant-occupied until March 2026, which restricts immediate buyer occupancy and may deter those seeking a quick move-in or personal use.
Restricted Access for Showings: The instruction 'Please do not disturb the tenants' implies limited access for showings and inspections, potentially complicating the sales process and reducing buyer interest.
Significant Price Discrepancy: The listing price of $7.99 million is substantially higher than the estimated property value of approximately $6.82 million, which could indicate overpricing and impact market appeal or negotiation.

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