821 Lorraine Boulevard, Los Angeles, California 90005, Los Angeles, 90005 - 6 bed, 7 bath

821 Lorraine Boulevard, Los Angeles, California 90005 home-pic-0
ACTIVE$3,100,000
821 Lorraine Boulevard, Los Angeles, California 90005
6Beds
7Baths
4,434Sqft
7,300Lot
Year Built
1924
Close
-
List price
$3.1M
Original List price
$3.1M
Price/Sqft
$699
HOA
-
Days on market
-
Sold On
-
MLS number
25520967
Home ConditionExcellent
Features
Good View: Mountain(s), Peek-A-Boo
Deck
Patio
ViewMountain(s), Peek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $3.10M(50th), sqft - 4434(63th), beds - 6(88th), baths - 7(88th).

The current listing price is highly competitive compared to neighboring luxury homes, and with the additional income from the ADU and the recent high-end renovations, this property offers strong investment potential. Given the additional rental income from the ADU and the recent renovations, this property presents a strong value at a highly competitive price compared to nearby luxury homes. LOWEST PER SQ FEET HOME IN WINDSOR VILLAGE FOR MOVE-IN CONDITION. THIS CAN BE YOUR INCOME PROPERTY, MAIN HOME CAN FETCH $7,000 TO $8,000 PER MONTH, THE REAR BRAND NEWLY BUILT, ADU BUILDING IS COLLECTING $3,900 PER MONTH. TOTAL $11,900.00 PASSIVE INCOME. 1031 EXCHANGE WELCOME. Welcome to Exquisite Historic Home in the Heart of Windsor Village, a captivating residence nestled in the prestigious Windsor Village neighborhood of Los Angeles. This stunning property seamlessly blends historic charm with modern amenities, offering an unparalleled living experience. Boasting spacious bedrooms and elegantly designed bathrooms, this home is a perfect blend of comfort and luxury. The grand entrance welcomes you with its timeless architecture, featuring upgraded new natural Hardwood floors throughout the entire home, intricate moldings, and large windows that bathe the home in natural light, the windows have also been upgraded to Expensive/Luxury dual pane Heavy-duty Aluminum security window/doors. High staircase with newly installed 12-Lights Raindrop Chandelier 120 in Gold Pendant Light. Beautifully and tastefully updated Bathrooms with new shower fixtures. Designer's choice/custom curated Window curtains and window Blinds. 2nd floor NW corner bedroom has an outside balcony, also can be turned into a covered patio with accordion glass windows (ordered & delivered but not installed buyer to finish) The Gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances, custom cabinetry, and largest wine refrigerator (WHAT? YOU HAVE MORE WINES? NOT A PROBLEM!! THE SOLUTION: THIS HOME HAS BASEMENT!!) A breakfast bar, perfect for a family's busy lifestyle. The dining room and living spaces are ideal for hosting guests, while the cozy fireplace adds warmth and ambiance. Just step away from either the formal Livingroom or the Kitchen area is newly epoxy painted outside deck with a unfinished custom accordion custom glass doors(ordered & delivered but not installed buyer to finish) Outside, the beautifully landscaped Front yard and back pocket side yard next to Brand NEWLY BUILT ADU(2 BEDs 2.5 BATHs, floor to ceiling large spec Glass Windows in the livingroom WITH ATTACHED GARAGE(VERY STABLE TENANT PAYING $3,900 EACH MONTH, A KEEPER!!) HIGH CEILING, WALK-IN CLOSETS, LARGE ROOMS AND OPEN KITCHEN FLOOR PLAN. Pet station (bonus storage at the backside of kitchen) for the Pet LOVERS!! The backyard offers a private space with hand-layed pavers, mature trees, and a patio area perfect for outdoor dining and relaxation. Located just minutes from Larchmont Village, easy access to the vibrant shops, cafes, and restaurants of one of LA s most beloved neighborhoods. With its prime location and timeless appeal, this is more than just a home; it's a lifestyle. Don't miss the opportunity to own a piece of Los Angeles history. Just perfect for those seeking a blend of luxury, comfort, and privacy in one of Los Angeles' most sought-after neighborhoods. THIS HOME CAN BE YOURS!! MOVE-IN CONDITION, A TURN-KEY PROPERTY. DON'T MISS IT!! THIS ONE WILL GO FAST!! ADU video attached!!

Price History

Date
Event
Price
06/23/17
Sold
$1,349,000
Condition Rating
Excellent

Despite being built in 1924, the property has undergone extensive recent high-end renovations, including new natural hardwood floors, luxury dual-pane windows, and tastefully updated bathrooms with modern fixtures. The gourmet kitchen is a chef's dream, featuring top-of-the-line appliances, custom cabinetry, and a large wine refrigerator, all appearing virtually new and meeting current quality standards. Furthermore, a brand new ADU has been constructed, adding significant modern living space. The property is described as 'move-in condition' and 'turn-key,' indicating no deferred maintenance. The minor unfinished items (accordion windows/doors) are cosmetic completions rather than major repairs.
Pros & Cons

Pros

Exceptional Income Potential: The property offers significant passive income potential, with a newly built ADU generating $3,900/month and the main home projected to fetch $7,000-$8,000/month, totaling $11,900/month, ideal for investors or mortgage offset.
Prime Location & Historic Charm: Located in the prestigious Windsor Village, minutes from Larchmont Village, this 1924-built home seamlessly blends historic elegance with modern amenities in a highly sought-after Los Angeles neighborhood.
Extensive High-End Renovations: The property boasts recent high-end renovations including new natural hardwood floors, luxury dual-pane aluminum security windows/doors, updated bathrooms, and a gourmet kitchen with top-of-the-line appliances, presenting as a turn-key residence.
Competitive Value Proposition: Advertised as the 'LOWEST PER SQ FEET HOME IN WINDSOR VILLAGE FOR MOVE-IN CONDITION' and 'highly competitive compared to neighboring luxury homes,' indicating strong market value for its size and condition.
Versatile Living & Investment Opportunity: With 6 beds, 7 baths, a basement, and a separate ADU, the property offers ample space for multi-generational living or a robust investment portfolio, and is explicitly welcoming for a 1031 exchange.

Cons

Unfinished Installations: The description notes ordered but uninstalled accordion glass windows for a balcony and custom glass doors for an outside deck, indicating additional buyer effort and cost to complete these features.
Age of Main Structure: While extensively renovated, the main home was built in 1924, which could imply potential for unforeseen maintenance issues with original underlying systems not explicitly mentioned as fully replaced.
Listing Price vs. Estimation: The property's estimated value ($2.928M) is slightly below the current listing price ($3.1M), suggesting the asking price might be at the higher end of market expectations, potentially requiring strong justification.

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