460 S Las Palmas Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 6 bed, 10 bath

460 S Las Palmas Avenue, Los Angeles, California 90020 home-pic-0
ACTIVE$13,800,000
460 S Las Palmas Avenue, Los Angeles, California 90020
6Beds
10Baths
9,050Sqft
20,867Lot
Year Built
1927
Close
-
List price
$13.8M
Original List price
$13.8M
Price/Sqft
$1,525
HOA
-
Days on market
-
Sold On
-
MLS number
25485947
Home ConditionExcellent
Features
Excellent View: Park/Greenbelt, Pool
Pool
Spa
Patio
ViewPark/Greenbelt, Pool

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $13.80M(88th), sqft - 9050(63th), beds - 6(50th), baths - 10(88th).

This magnificent, gated and hedged estate in HPOZ Hancock Park, expertly reimaged to impeccable standards, offers a level of luxury rarely found in Hancock Park or across Los Angeles. Tucked behind gates and hedges and outfitted with state-of-the-art exterior and interior security camera system, the motor-court entrance opens to a peaceful sanctuary with mature trees, lush gardens, and soothing fountains. A grand foyer welcomes you, leading to a formal dining room finished in rich mahogany and a sophisticated living room adorned with intricate ceiling moldings. The heart of the home is the expansive designer kitchen that opens to an oversized family room, designed for both refined entertaining and comfortable living. A sprawling 1,800 sq. ft. guest house by the pool and spa features a cinema-sized theater, large home gym, cabana, and three baths, creating a perfect retreat for guests. The luxurious master suite consists of four rooms, including a lavish bath and a private terrace with panoramic views of Downtown LA. The estate includes six spacious bedroom suites, ten baths, home office, a porte-cochere entry into the kitchen, and an outdoor terrace and kitchen with a fireplace, bar, grill station and commercial woodfire pizza oven. Interiors are completed with custom DeGournay and Gracie wallpaper and designer drapery throughout. A beautifully curated fruit and vegetable garden, along with putting greens, 2 car garage with ample driveway parking, and advanced sound system throughout makes this home a true resort-like escape in the heart of LA's coveted Garden District. Designer furnishings are included in sales price.

Price History

Date
Event
Price
12/26/19
Sold
$7,550,000
04/15/16
Sold
$3,100,000
Condition Rating
Excellent

Despite being built in 1927, the property has been 'expertly reimagined to impeccable standards,' indicating a very recent and extensive renovation. The description highlights an 'expansive designer kitchen' and 'lavish bath' in the master suite, along with custom finishes, state-of-the-art security, and an advanced sound system. These details, combined with the inclusion of designer furnishings, suggest all components are new or virtually new, meeting current luxury standards with no deferred maintenance, aligning perfectly with an 'excellent' condition.
Pros & Cons

Pros

Unparalleled Luxury & Designer Finishes: The estate has been expertly reimagined to impeccable standards, featuring custom DeGournay and Gracie wallpaper, designer drapery throughout, and includes designer furnishings, offering a level of luxury rarely found.
Resort-Style Living & Extensive Amenities: A sprawling 1,800 sq. ft. guest house with a cinema-sized theater, home gym, pool, spa, outdoor kitchen with a commercial woodfire pizza oven, putting greens, and a fruit/vegetable garden create a true resort-like escape.
Prestigious & Private Hancock Park Location: Situated in the highly coveted HPOZ Hancock Park, the gated and hedged estate offers a peaceful sanctuary in the heart of LA's Garden District, ensuring exclusivity and privacy.
Grand Scale & Thoughtful Layout: With 9,050 sq. ft., 6 spacious bedroom suites, 10 baths, a home office, an expansive designer kitchen opening to an oversized family room, and a luxurious master suite with Downtown LA views, the property offers generous and functional living spaces.
Architectural Elegance & Modern Security: The 1927 estate boasts architectural grandeur with a grand foyer, rich mahogany finishes, and intricate ceiling moldings, complemented by a state-of-the-art exterior and interior security camera system for peace of mind.

Cons

Exclusivity of Price Point: The $13.8 million list price targets an extremely niche market, potentially leading to a longer sales cycle and a limited pool of prospective buyers.
Ongoing Maintenance for Extensive Amenities: The vast array of luxury features, including a large guest house, pool, spa, elaborate gardens, and outdoor kitchen, will require substantial ongoing maintenance and operational costs.
Historic Property Considerations: While beautifully reimagined, the 1927 construction year may present unique maintenance challenges or potential restrictions due to its HPOZ status, which could deter some buyers seeking a completely modern, low-maintenance property.

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