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$2,995,000

Beds
4
Baths
5.0
sq ft
3,109

2013 Glencoe Way, Los Angeles, CA 90068

2013 Glencoe Way

Los Angeles, CA 90068

  • 34 days on market
Two Hollywood Hills homes on a nearly 1/3-acre street to street lot with spectacular panoramic views to iconic LA landmarks including Griffith Park Observatory, the Capital Records Building, the Hollywood sign, Yamashiro restaurant, sparking city lights, and the glistening ocean on the horizon. A unique urban oasis, this Hollywood Hills compound consisting of two distinct homes works perfectly as a family compound, a creative live / workspace, or a luxury rental. Beautifully updated, 1974 Hillcrest Rd & 2013 Glencoe Way offers a tranquil sanctuary nestled right in the heart of the city. You'll be enchanted by the meticulously maintained organic raised bed vegetable gardens with automated watering, abundant fruit trees including oranges, lemons, limes, and figs, and verdant lush landscaping in a private park-like setting. Excellent opportunity to further enhance this property with additional square footage and a pool & spa. The main house is an original Hollywood Hills Craftsman that has been thoughtfully restored offering captivating panoramic views. While maintaining the integrity of the original home, new life has been infused into the interior which is both spacious and cozy with coffered ceilings, original pocket doors, and floor to ceiling bookcases. Host gatherings fireside in the inviting living room while gazing at the views, read a book in the cozy sitting area, throw a large dinner party in the expansive dining room, or enjoy an al-fresco meal in the magical backyard under the pergola and stars. The well-equipped chef's kitchen with top-of-the-line appliances allows you to prepare delectable meals straight from the garden. The main house features 2-bedrooms (with the possibility to add another 2 or 3), including an ensuite primary and large walk-in closet. Nestled below is a charming 1-bedroom guest suite with its own private entrance, kitchen, and bathroom. This unit has consistently generated short-term rental income for the current owner and can also serve as ideal guest quarters or as an in-law suite. Additionally, a separate structure near the main house has been set up as a gym/workout room or as bonus storage space. The second home on the property built in 1979 delivers a mid-century vibe, flooded with natural light with stunning vaulted wood ceilings, a mid-century wood-burning fireplace, and unobstructed views to the Hollywood sign, Capital Records building, and the Griffith Park Observatory. This 1-bedroom, 2-bath house also houses a 4-car garage. Complete with its own address, private entrance, and outdoor patio area with more panoramic views, the seller currently generates considerable income as a short-term rental with no minimum stay requirements, but can also work perfectly as a creative workspace, or a private house for guests and extended family. Based on the lot size, the opportunity exists to further expand this house with the possible addition of two additional bedrooms & bathrooms. Fireplaces are considered decorative. Multiple updates and improvements too numerous to include will be provided upon request. This is a tranquil haven in the heart of Los Angeles that sets itself apart.

Details

Property type

Single Family Residence

Est. home value

$2,655,937

Property condition

Updated/Remodeled

Lot size

0.2955 acres

Price per sq ft

$964

Year built

1910

HOA

No

Price History

05/30/2024
CLAW

CLAW #24364811

Removed
$3,295,000
+10.02%
05/30/2024
CLAW

CLAW #24397429

Listed
$2,995,000
-9.1%
03/18/2024
CLAW

CLAW #24364811

Listed
$3,295,000
+19.82%

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

City National Bank

Loan start date

March 2023

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving), 30 year

Seller

Brian F Aldrich and The Brian F Aldrich Family Trust

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2021

Original loan amount

$1,350,000

Est. remaining balance

$1,262,670

Interest rate

3.17%

Loan type

New Conventional, 30 year

Seller

Brian Francis Aldrich

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/03/2024 at 7:55 AM

Listing updated: 06/24/2024 at 7:42 PM

Listed by: Todd Henricks, Compass Phone #: (323) 593-6999

MLS: CLAW #24397429

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