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5558 Edgewood Place, Los Angeles, California 90019, Los Angeles, 90019 - 5 bed, 7 bath

5558 Edgewood Place, Los Angeles, California 90019 home-pic-0
ACTIVE$2,994,000
5558 Edgewood Place, Los Angeles, California 90019
5Beds
7Baths
4,537Sqft
6,252Lot
Year Built
1925
Close
-
List price
$2.99M
Original List price
$3.1M
Price/Sqft
$660
HOA
-
Days on market
-
Sold On
-
MLS number
ML81991255
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.99M(98th), sqft - 4537(98th), beds - 5(91th), baths - 7(98th).

Step into a world of timeless elegance with this stunning Mediterranean-style estate, tucked away in the highly sought-after Miracle Mile neighborhood of Los Angeles. Behind its gates, this home is more than just a residence it's a place where refined living meets everyday comfort. With its prime location just steps from cultural icons like LACMA, the Academy Museum of Motion Pictures, Petersen Automotive Museum, and the La Brea Tar Pits, you'll have the best of art, history, and culture. Beverly Hills and The Grove are just a short drive away. 5 spacious bedrooms and 7 beautifully crafted bathrooms, each showcasing premium materials and custom cabinetry. A private theater, perfect for cozy movie nights or entertaining guests in style. Dual-level laundry rooms, dual heating system in addition to dual AC system making everyday tasks effortless. A versatile gym and office space, giving you the flexibility to prioritize wellness and productivity. A two-car garage, blending practicality with thoughtful design. An expansive, peaceful yard, ideal for hosting outdoor celebrations and unwinding with your friends and family. Seller will do a mortgage interest rate buy down to lower buyers mortgage payment. Termite Clearance completed.Not located in the flood or fire zone

Price History

Date
Event
Price
05/07/24
Sold
$1,760,000
03/28/18
Sold
$25,000
06/10/16
Sold
$1,995,000
11/17/04
Sold
$755,000
Condition Rating
Excellent
Despite being built in 1925, this property has clearly undergone an extensive, high-quality renovation very recently, likely within the last 5 years, as indicated by the 2024 sale date and the pristine condition shown in the images. The description explicitly mentions 'beautifully crafted bathrooms, each showcasing premium materials and custom cabinetry' and 'dual heating system in addition to dual AC system.' The images confirm a fully modernized interior with high-end finishes throughout. The kitchen features new, top-of-the-line stainless steel appliances (e.g., Sub-Zero refrigerator, professional range), custom cabinetry, large island, and contemporary lighting. Bathrooms are all updated with modern vanities, fixtures, tiling, and glass-enclosed showers. Flooring appears to be a mix of new hardwood, modern tile, and possibly new carpet in some areas, all in excellent condition. All systems (HVAC, electrical) appear new or recently updated. There is no visible deferred maintenance, and the overall aesthetic is current and luxurious, meeting the criteria for an 'excellent' rating.
Pros & Cons

Pros

Exceptional Location: Prime Miracle Mile location, offering walking distance to major cultural institutions like LACMA, the Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, with Beverly Hills and The Grove just a short drive away.
Luxurious & Spacious Estate: A stunning Mediterranean-style estate featuring 5 spacious bedrooms and 7 beautifully crafted bathrooms with premium materials and custom cabinetry, embodying timeless elegance and refined living.
Comprehensive High-End Amenities: Equipped with a private theater, versatile gym and office space, dual-level laundry rooms, and dual heating and AC systems, catering to modern luxury and convenience.
Outdoor Entertainment & Practicality: An expansive, peaceful yard ideal for hosting outdoor celebrations and unwinding, complemented by a practical two-car garage.
Buyer-Friendly Conditions & Incentives: The seller is offering a mortgage interest rate buy-down, completed termite clearance, and the property is confirmed not to be in a flood or fire zone, reducing buyer risk and potential financial burden.

Cons

High Price Point & Niche Market: The nearly $3 million list price targets a very specific, affluent buyer demographic, which could potentially lead to a longer time on market. The recent price reduction from the original list price may also indicate initial market resistance.
Age of Property (Potential for Unforeseen Maintenance): Built in 1925, despite apparent extensive updates and modern systems, an older home can still present potential for unforeseen maintenance or updates to original structural or utility components not explicitly detailed.
Urban Environment Considerations: While offering cultural proximity, the Miracle Mile location is a bustling urban area, which may entail higher levels of ambient noise or traffic compared to more suburban or secluded neighborhoods, despite the property being gated.

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