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507 N Lucerne Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 3 bath

507 N Lucerne Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$3,195,000
507 N Lucerne Boulevard, Los Angeles, California 90004
4Beds
3Baths
2,881Sqft
7,006Lot

Price Vs. Estimate

The estimated value ($2,535,245.405) is $659,754.595 (20%) lower than the list price ($3,195,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Perfectly situated in the highly desirable Hancock Park, on a quiet, tree-lined street, offering excellent proximity to Larchmont Village shops, dining, studios, and schools.
Top Cons:
Significant Overpricing: The current list price is approximately 20% above the property's estimated value, which may limit buyer interest and necessitate a price adjustment.

Compared to the nearby listings

Price:$3.19M vs avg $2.33M (+$870,000)71%
Size:2,881 sqft vs avg 2,382 sqft65%
Price/sqft:$1.1K vs avg $1.0K61%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, the property has undergone a 'beautifully reimagined' and 'tastefully updated' renovation, as described and evidenced by the images. The kitchen features sleek, modern flat-panel cabinetry, marble countertops and backsplash, and integrated high-end appliances, appearing virtually new. While no direct bathroom images are provided, the description highlights a 'gorgeous en suite bathroom' and the overall modern, luxurious aesthetic seen throughout the home (hardwood floors, recessed lighting, custom closets, modern outdoor spaces) strongly suggests all key areas meet current quality standards with minimal physical depreciation, aligning with an extensive recent renovation.
Year Built
1964
Close
-
List price
$3.19M
Original List price
$3.19M
Price/Sqft
$1,109
HOA
-
Days on market
-
Sold On
-
MLS number
24448821
Home ConditionExcellent
Features
Deck
Pool
Patio
ViewHills

About this home

Amazing investment opportunity! Home has been leased through May 2026...Step into this beautifully reimagined mid century marvel with modern elegance and sleek design in the heart of Hancock Park. Featuring 4 bedrooms, 3 bathrooms, a theatre and gym, this private light filled home has been tastefully updated to offer the perfect blend of original character and contemporary luxury. The open-concept living, dining & kitchen areas provide the perfect space for entertaining and is seamlessly connected to the private backyard oasis with lush landscaping, ample lounging spaces and pool for relaxation along w/ a spacious deck area for al fresco dining. The expansive primary suite can be accessed directly from the backyard providing the perfect indoor/outdoor flow and natural light. The gorgeous en suite bathroom and vast closet are wonderful counterparts. Perfectly situated on a quiet, tree lined street so close to Larchmont Village and all that it has to offer with shops, dining and more plus proximity to the studios and schools. This Hancock Park treasure is truly a gem and one you won't want to miss!

Nearby schools

6/10
Van Ness Avenue Elementary School
Public,•K-5•0.5mi
8/10
Third Street Elementary School
Public,•K-5•0.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•0.9mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.1mi
7/10
John Burroughs Middle School
Public,•6-8•1.3mi
4/10
Helen Bernstein High School
Public,•9-12•1.3mi
7/10
Fairfax Senior High School
Public,•9-12•2.1mi

Price History

Date
Event
Price
04/24/97
Sold
$345,000
02/27/17
Sold
$2,092,500
04/29/09
Sold
$1,330,000
Condition Rating
Excellent
Despite being built in 1964, the property has undergone a 'beautifully reimagined' and 'tastefully updated' renovation, as described and evidenced by the images. The kitchen features sleek, modern flat-panel cabinetry, marble countertops and backsplash, and integrated high-end appliances, appearing virtually new. While no direct bathroom images are provided, the description highlights a 'gorgeous en suite bathroom' and the overall modern, luxurious aesthetic seen throughout the home (hardwood floors, recessed lighting, custom closets, modern outdoor spaces) strongly suggests all key areas meet current quality standards with minimal physical depreciation, aligning with an extensive recent renovation.
Pros & Cons

Pros

Prime Location: Perfectly situated in the highly desirable Hancock Park, on a quiet, tree-lined street, offering excellent proximity to Larchmont Village shops, dining, studios, and schools.
Modern & Tasteful Renovation: A beautifully reimagined mid-century home with modern elegance, sleek design, and tasteful updates that blend original character with contemporary luxury.
Exceptional Outdoor Living & Amenities: Features a private backyard oasis with lush landscaping, ample lounging spaces, a pool for relaxation, a spacious deck for al fresco dining, plus an indoor theatre and gym.
Luxurious Primary Suite: The expansive primary suite offers direct backyard access, a gorgeous en suite bathroom, and a vast closet, providing excellent indoor/outdoor flow and natural light.
Open-Concept Layout: Open-concept living, dining, and kitchen areas create a seamless flow, ideal for entertaining and modern living.

Cons

Significant Overpricing: The current list price is approximately 20% above the property's estimated value, which may limit buyer interest and necessitate a price adjustment.
Long-Term Tenant Lease: The property is currently leased through May 2026, restricting immediate owner-occupancy and potentially narrowing the pool of prospective buyers to investors only.
Age of Original Structure: Despite modern updates, the home's 1964 build year suggests that some underlying systems or infrastructure may be older, potentially requiring future maintenance or upgrades not explicitly covered by the recent renovations.

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