tomo logo

$1,299,000

Beds
3
Baths
2.5
sq ft
1,620

761 N Gower St, Los Angeles, CA 90038

761 N Gower St

Los Angeles, CA 90038

  • 38 days on market
**Vintage Hollywood Bungalow with Guest House: A Creative Haven with Hollywood History**Welcome to a true piece of Hollywood magic! Nestled just steps from the iconic Paramount Studios and a short stroll to the vibrant shops and restaurants of Melrose and Larchmont Village, this charming, gated bungalow offers an incredible blend of vintage charm and modern living. This isn't just a house it's a home with *history* and *energy* that will inspire your next creative project! The main house boasts 2 spacious bedrooms, 1.5 baths, and a cozy den, all beautifully designed with original hardwood floors, recessed lighting, and French doors that open directly onto a covered patio and large backyard. Picture yourself enjoying effortless indoor/outdoor living as you sip your morning coffee on the patio or host lively evening gatherings under the stars. The updated kitchen is a true chef's dream, with sleek countertops and plenty of space for cooking and entertaining. The full bath is beautifully tiled and features double sinks, adding a luxurious touch to your everyday routine. The two bedrooms are spacious and brimming with natural light. The master offers plenty of closet space and room for a king-sized bed, while the second bedroom makes the perfect guest room or creative workspace. The den provides even more versatility whether you're using it as an office, reading nook, or home gym, it's a space that adapts to your lifestyle. The front rooms were previously a soundproof, copper-lined recording studio perfect for musicians, producers, or anyone who thrives in a creative environment. And don't worry, it can easily be converted back to a cozy living room and additional bedroom if that's more your style. The detached guest house is a gem of its own, offering 1 bedroom, 1 bath, an office/den, and a kitchenette. With high ceilings, tons of natural light, and a separate entrance, it's ideal for guests, as a private workspace, or even as a potential income-generating rental. You'll love the flexibility and endless possibilities this space offers! Additional perks include gated parking for 3 cars, a garage, fully paid solar panels, a tankless water heater, and a 3-zone central AC system to keep you comfortable year-round. And of course, you'll enjoy spectacular views of the iconic Hollywood Sign right from your property. This property is *legendary*rumor has it that Marilyn Monroe spent time here between takes at Paramount, adding even more star power to an already stellar home. Whether you're recording, writing, or just soaking up the rich history, this property offers endless potential. Don't miss out on this incredible opportunity to own a piece of Hollywood history and create your next chapter in this extraordinary home!

Details

Property type

Single Family Residence

Est. home value

$1,411,083

Lot size

4,000 sq ft

Price per sq ft

$802

Year built

1923

HOA

No

Price History

01/15/2025
CLAW

CLAW #25483177

Listed
$1,299,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$905,251
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$289,829
Cash to seller
$905,251

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cs Financial Inc

Loan start date

August 2012

Original loan amount

$408,500

Est. remaining balance

$289,829

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Paul A Baker and Mani Baker

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: 02/22/2025 at 11:05 AM

Listing updated: 02/19/2025 at 3:12 PM

Listed by: Robert A Rodriguez, Compass Phone #: (323) 593-6999

MLS: CLAW #25483177

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