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515 S Van Ness Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 5 bed, 6 bath

515 S Van Ness Avenue, Los Angeles, California 90020 home-pic-0
ACTIVE$2,999,000
515 S Van Ness Avenue, Los Angeles, California 90020
5Beds
6Baths
2,917Sqft
7,291Lot
Year Built
1915
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,028
HOA
-
Days on market
-
Sold On
-
MLS number
25535907
Home ConditionExcellent
Features
Deck
Patio
View

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $3.00M(13th), sqft - 2917(13th), beds - 5(50th), baths - 6(50th).

2020 charming remodeled, 5 bed, 6 bath home in prestigious Windsor Square. All 5 bedrooms have en-suite bathrooms with a separate powder room. Beautifully updated kitchen with Carrera marble countertops, custom cabinets, Viking and high-end appliances. Open floor plan with spacious living room and dining area with access to the front porch. Hardwood flooring throughout with French doors leading out to a large inviting backyard with a patio area for seamless entertaining. Large sun-deck, great for lounging and soaking in California sun. Luxurious indoor outdoor LA living at its best. New solar panels with power banks, updated plumbing, electrical, HVAC and tank-less water heater. Front driveway access and parking, plus garage access from the back of the property. Room for 6 car parking on the property. Room for pool / ADU. Close distance to Larchmont Village with shops, restaurants and Sunday farmer's market.

Price History

Date
Event
Price
03/22/21
Sold
$2,275,000
12/20/17
Sold
$1,627,000
Condition Rating
Excellent
Despite being built in 1915, this property underwent an extensive and charming remodel in 2020, which is within the last 5 years. The description highlights a beautifully updated kitchen with Carrera marble countertops, custom cabinets, and high-end Viking appliances. All five bedrooms feature en-suite bathrooms, indicating modern and luxurious facilities. Furthermore, major systems like plumbing, electrical, HVAC, and the water heater were updated, and new solar panels were installed. Hardwood flooring throughout and the overall high-end finishes visible in the images confirm that all components are virtually new and meet current quality standards, with no deferred maintenance.
Pros & Cons

Pros

Extensive Recent Remodel & Upgrades: The property underwent a charming remodel in 2020, including updated plumbing, electrical, HVAC, and a tank-less water heater, along with new solar panels and power banks, ensuring modern efficiency and reduced immediate maintenance concerns.
Luxurious Kitchen & En-suite Bathrooms: The beautifully updated kitchen features Carrera marble countertops, custom cabinets, and high-end Viking appliances. All five bedrooms boast en-suite bathrooms, complemented by a separate powder room, offering exceptional convenience and luxury.
Exceptional Indoor-Outdoor Living: An open floor plan with hardwood flooring throughout and French doors leads to a large, inviting backyard with a patio area and a spacious sun-deck, perfect for seamless entertaining and embracing the California lifestyle.
Prime Location & Neighborhood Amenities: Situated in the prestigious Windsor Square, the home is within close distance to Larchmont Village, offering convenient access to shops, restaurants, and a popular Sunday farmer's market.
Ample Parking & Future Potential: The property provides generous parking with front driveway access, garage access from the back, and room for up to 6 cars. Additionally, there is potential space for a pool and/or an Accessory Dwelling Unit (ADU), offering significant value-add opportunities.

Cons

Age of Original Structure: Despite extensive remodels in 2020, the home was originally built in 1915, meaning the underlying structure is over a century old, which could potentially lead to unforeseen maintenance issues or limitations compared to newer constructions.
Potential Overpricing: The current list price of $2,999,000 is notably higher than the estimated property value of approximately $2,687,571, which might suggest it is priced above current market expectations and could impact buyer interest or time on market.
Undisclosed View Quality: While the property is flagged as having a 'view,' the description does not elaborate on its nature, quality, or what specifically can be seen, suggesting it may not be a significant or premium selling point.

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