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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$3,300,000
5558 Edgewood Place, Los Angeles, California 90019
5Beds
7Baths
4,537Sqft
6,252Lot
Year Built
1925
Close
-
List price
$3.3M
Original List price
$2.9M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
ML82002449
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.30M(98th), sqft - 4537(98th), beds - 5(91th), baths - 7(98th).

Elegant Mediterranean Estate in Prime Miracle Mile Location Discover timeless elegance and modern comfort in this stunning Mediterranean-style estate, privately gated and ideally located in the heart of Miracle Mile. Just steps from LACMA, the Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, and minutes from Beverly Hills and The Grovethis is Los Angeles living at its finest. This expansive home offers 5 spacious bedrooms and 7 luxurious bathrooms, all finished with premium materials and custom cabinetry. Enjoy elevated living with a private theater, versatile gym and office, and dual-level laundry rooms. The home also features dual-zone heating and A/C systems, enhancing year-round comfort and efficiency. Step outside to a beautifully landscaped, private backyard oasis, perfect for entertaining or relaxing with family and friends. A two-car garage combines thoughtful design with convenience. Key Highlights: Private movie theatre, Dual heating & A/C systems,Gym + office flex spaces, Spacious, serene yard, Two laundry areas for added ease,Gated entry for privacy and security. Not located in a fire or flood zone. Seller offering mortgage interest rate buydown. Termite clearance completed.

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, and very recent renovation, bringing it to 'excellent' condition. The kitchen features modern flat-panel cabinetry, white quartz countertops, a subway tile backsplash, new stainless steel appliances (dishwasher, range hood), and contemporary lighting and fixtures. The bathrooms are equally impressive, showcasing luxurious elements like a freestanding black tub, modern vanities with stylish hardware, and updated tile work. Throughout the home, hardwood flooring, recessed lighting, and fresh paint contribute to a pristine, move-in ready feel. The description also notes dual-zone heating and A/C systems, indicating updated mechanicals. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Miracle Mile Location: Ideally situated in the heart of Miracle Mile, offering unparalleled access to cultural landmarks like LACMA, the Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, with Beverly Hills and The Grove just minutes away.
Luxurious Amenities & Features: The estate boasts high-end amenities including a private movie theater, versatile gym and office spaces, dual-level laundry rooms, and finishes with premium materials and custom cabinetry.
Spacious & Well-Appointed Living: With 5 spacious bedrooms and 7 luxurious bathrooms across 4537 sqft, the property offers ample living space designed for comfort and entertaining.
Modern Comfort & Safety: Equipped with dual-zone heating and A/C systems for year-round comfort, and notably not located in a fire or flood zone, enhancing peace of mind and potentially reducing insurance costs. Termite clearance has also been completed.
Privacy & Security: The property features a privately gated entry and a beautifully landscaped, private backyard oasis, providing an exclusive and secure living environment.

Cons

Age of Property: Built in 1925, while an 'Elegant Mediterranean Estate,' the age of the property may imply potential for older infrastructure or systems that could require future maintenance or upgrades not explicitly detailed as modernized.
Limited Lot Size for an Estate: The 6,252 sqft lot, while offering a private backyard oasis, might be considered modest for an 'estate' of this caliber and price point, potentially limiting extensive outdoor expansion or grander landscaping visions.
High Cost of Ownership: The $3.3 million list price, coupled with the prime Los Angeles location, will result in substantial property taxes and insurance premiums, contributing to a high overall cost of ownership.

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