4057 W 8th Street, Los Angeles, California 90005, Los Angeles, 90005 - 4 bed, 2 bath

4057 W 8th Street, Los Angeles, California 90005 home-pic-0
ACTIVE$1,420,000
4057 W 8th Street, Los Angeles, California 90005
4Beds
2Baths
1,668Sqft
6,598Lot
Year Built
1923
Close
-
List price
$1.42M
Original List price
$1.42M
Price/Sqft
$851
HOA
-
Days on market
-
Sold On
-
MLS number
25518649
Home ConditionExcellent
Features
View

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.42M(25th), sqft - 1668(25th), beds - 4(50th), baths - 2(38th).

ADU Development Opportunity in Hancock Park/Koreatown! Unlock the exceptional potential of this spacious lot, offering multiple development possibilities: a detached 2-story ADU, a garage conversion, and the option to add a JADU. Maximize your build potential with a combination of these options, creating a high-value, income-producing opportunity in one of LA's most desirable neighborhoods. This modern, move-in-ready home was thoughtfully renovated in 2020 and features a bright, open-concept layout. The living and family rooms seamlessly flow into the dining area, all enhanced by designer lighting and premium flooring. The gourmet kitchen boasts quartz countertops, sleek cabinetry, and a spacious pantry perfect for both everyday living and entertaining. The first-floor master suite opens to a private backyard oasis and features a luxurious en-suite bath with a double quartz vanity. Upstairs, two additional suites include a full bath, double vanity and a charming balcony. A private gated driveway offers secure parking with easy access to the rear garage, providing additional storage or vehicle space. Prime Location! Nestled in the heart of Hancock Park/Koreatown, this home is just moments away from The Wiltern, CGV Cinemas, H Mart, Ralph's, Olympic Spa, the Metro, CVS, Galleria Market, and more.

Price History

Date
Event
Price
05/22/19
Sold
$930,000
Condition Rating
Excellent

This property was extensively renovated in 2020, making it virtually new in terms of interior finishes and major systems. The kitchen boasts sleek, modern cabinetry, quartz countertops, and high-end appliances. Bathrooms are luxurious with double quartz vanities, contemporary fixtures, and stylish designs. Premium flooring and designer lighting are present throughout. Although the original structure dates to 1923, the comprehensive renovation within the last 5 years, including modern mini-split cooling/heating systems, brings its condition to excellent, move-in ready standards with no deferred maintenance.
Pros & Cons

Pros

ADU Development Potential: The spacious lot offers exceptional development opportunities, including a detached 2-story ADU, garage conversion, and JADU, creating high-value, income-producing potential.
Prime Location: Nestled in the heart of Hancock Park/Koreatown, the property boasts excellent walkability and proximity to major amenities, entertainment venues, and public transit.
Recent Renovation & Modern Finishes: Thoughtfully renovated in 2020, the home features a modern, open-concept layout, designer lighting, premium flooring, and a gourmet kitchen with quartz countertops and sleek cabinetry.
Desirable Layout & Master Suite: The home includes a luxurious first-floor master suite with a private backyard oasis access and en-suite bath, complemented by two additional upstairs suites with a balcony.
Secure & Ample Parking: A private gated driveway provides secure parking with easy access to a rear garage, offering additional storage or vehicle space.

Cons

Significant Price Discrepancy: The listing price of $1.42 million is substantially higher (33% above) the estimated property value of $947,558, which may indicate overpricing relative to market comparables.
Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback for comfort during Los Angeles' hotter months.
Age of Original Structure: Despite a 2020 renovation, the home was originally built in 1923, which may raise concerns about the condition of underlying infrastructure not explicitly addressed in the renovation.

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