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506 N Gardner Street, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 5 bath

506 N Gardner Street, Los Angeles, California 90036 home-pic-0
ACTIVE$4,400,000
506 N Gardner Street, Los Angeles, California 90036
4Beds
5Baths
4,300Sqft
6,103Lot
Year Built
2020
Close
-
List price
$4.4M
Original List price
$4.4M
Price/Sqft
$1,023
HOA
-
Days on market
-
Sold On
-
MLS number
25495479
Home ConditionExcellent
Features
Excellent View: City Lights, Hills
Deck
Patio
ViewCity Lights,Hills

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.40M(96th), sqft - 4300(94th), beds - 4(50th), baths - 5(66th).

Beautiful brand new modern in the heart of Melrose districts walking distance to coffee shops and boutiques this 4 bedroom 4 1/2 bath gorgeous modern finishes and Miele appliances with wide white oak floors with high ceilings. The back year has a barbecue grill with a built in fridge and sink perfect for backyard summer fun this property also features a rooftop deck with fireplace with views of the Hollywood sign, Griffin observatory, century city and downtown Los Angeles and if that wasn't enough theres also a barbecue on the roof! Gorgeous marble inside and outside of the house, master bedroom as a walk-in closet all bedrooms have a walk out balcony or a yard space. Smart home powered by Control4.

Nearby schools

7/10
Hancock Park Elementary School
Public,•K-5•0.9mi
8/10
Third Street Elementary School
Public,•K-5•1.2mi
2/10
Vine Street Elementary School
Public,•K-6•1.6mi
3/10
Laurel Elementary School
Public,•K-8•0.8mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
7/10
Fairfax Senior High School
Public,•9-12•0.5mi

Price History

Date
Event
Price
09/19/18
Sold
$1,260,000
03/24/16
Sold
$1,350,000
Condition Rating
Excellent
This property was built in 2020, making it only 4 years old. The description highlights 'brand new modern' finishes, high-end Miele appliances in the kitchen, wide white oak floors, high ceilings, and gorgeous marble throughout. It also features a Control4 smart home system and extensive outdoor amenities like a rooftop deck with a fireplace and barbecue. All these elements indicate a property that is virtually new, meets current quality standards, and has no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Luxury: Built in 2020, this property boasts brand new modern architecture with gorgeous finishes, wide white oak floors, high ceilings, and extensive use of marble throughout, offering a contemporary and luxurious living experience.
Premium Appliances & Smart Home Integration: The kitchen is equipped with high-end Miele appliances, and the entire home is powered by a Control4 smart home system, providing advanced functionality and convenience for modern living.
Panoramic Rooftop Deck with Entertainment: A spectacular rooftop deck features a fireplace and barbecue, offering breathtaking panoramic views of the Hollywood sign, Griffith Observatory, Century City, and Downtown Los Angeles, ideal for entertaining.
Prime Walkable Melrose District Location: Situated in the highly desirable Melrose district, the property offers excellent walkability to numerous coffee shops, boutiques, and local amenities, enhancing its lifestyle appeal.
Enhanced Outdoor Living for All Bedrooms: Each of the four bedrooms includes a private walk-out balcony or dedicated yard space, providing individual outdoor retreats and maximizing natural light and fresh air access.

Cons

Aggressive Pricing: The current list price of $4.4 million is notably higher than the estimated property value ($3.98 million) and recent comparable sales in the immediate vicinity, which may lead to extended market time or require a price adjustment.
Absence of Private Pool/Spa: Despite extensive outdoor entertainment areas including a rooftop deck and backyard BBQ, the property description does not indicate the presence of a private pool or spa, a highly sought-after luxury amenity in this market segment.
Potentially Limited Green Space: While there is a backyard BBQ area and individual bedroom outdoor spaces, the overall lot size (6103 sqft) and emphasis on hardscaped entertainment areas may suggest limited traditional green space or a smaller private yard compared to some luxury homes.

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