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559 Loring Ave, Los Angeles, CA 90024

Sale Price: $5,890,000
Nov 7, 20244,784 sqft3 beds5 baths
Listed by: Richard Ehrlich
License #: 01267136
Phone #: 310-968-8881
Carolwood Estates
Source:
CRMLS Logo
MLS #: 24460699

Property Description

Introducing a truly magnificent and timeless residence in the heart of prime Little Holmby, available for the first time in 25 years. From the moment you approach, this exquisite traditional home captivates with its stately presence and enchanting, romantic landscaping. Stepping through the entrance, you're welcomed by a grand, time- honored foyer and a sweeping, dramatic staircase that sets the tone for this extraordinary property. The main level showcases an impressive array of living spaces: a gracious, step-down living room with a classic wood-burning fireplace, a vibey library/den complete with a wet bar, and a charming garden room that seamlessly opens to a secluded outdoor patio. The formal dining room is perfect for intimate gatherings, while the light-filled, newly renovated kitchen and adjoining family room offer the ideal setting for daily living and casual entertaining. Every detail has been meticulously crafted with functionality and storage in mind, ensuring both beauty and practicality. Ascending to the second floor, you'll find the sun-drenched primary suite-a spacious retreat with an inviting sitting room that offers sweeping garden views. The additional bedrooms are generously proportioned, each with its own en suite bath. The rear bedroom is particularly noteworthy, featuring a unique walk-in closet/office area that leads to a private patio, creating a serene and versatile space. Outdoor living is at its finest here, with the downstairs patio opening effortlessly from both the garden room and family room, making it perfect for alfresco dining and entertaining. The sparkling pool, framed by charming sitting areas, is complemented by a gazebo that evokes the glamour of Old Hollywood. The expansive garage and storage area present an exciting opportunity for conversion into additional living space or an ADU, catering to modern needs. Throughout the home, you'll discover an abundance of character: intricate moldings, rich wood-paneled walls, exquisite hardware, and thoughtfully designed window details. This residence is truly a rare gem -a blend of classic elegance, contemporary comforts, and undeniable charm, making it a once-in-a-lifetime offering.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$86,493

TurboHome Estimated Value

$5,758,100

$1,204 sqft

High Valuation
$6,046,005
$1264/sqft
Normal Valuation
$5,758,100
$1204/sqft
Low Valuation
$5,470,195
$1143/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1204/sqft$5,758,100

Neighborhood: Westwood

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Comparative Value

$4.70M

$5.12M

$5.75M

$8.00M

647 Warner Ave, Los Angeles, CA 90024

Sale Price: $4,700,000

Selected Comparable

1708 Tropical Ave, Beverly Hills, CA 90210

Sale Price: $5,119,000

Selected Comparable

559 Loring Ave, Los Angeles, CA 90024

List Price: $5,750,000

Subject Property

559 Loring Ave, Los Angeles, CA 90024

Sale Price: $5,890,000

Selected Comparable

10529 Wyton Dr, Los Angeles, CA 90024

Sale Price: $5,950,000

Selected Comparable

10571 Wyton Dr, Los Angeles, CA 90024

Sale Price: $7,995,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
559 Loring Ave, Los Angeles, CA 90024

559 Loring Ave, Los Angeles, CA 90024

List: $5,750,000

Listed: 11/7/2024

Area:4,784 sqft
Price/sqft:$1,202
Beds:3
Baths:5
Year Built:
Lot Size:10,242

Comparable Properties

COMPARABLE
Choose comps
559 Loring Ave, Los Angeles, CA 90024

559 Loring Ave, Los Angeles, CA 90024

Sale: $5,890,000

2/5/20250.00 mi

Area:4,784 sqft
Price/sqft:$1,231
Beds:3
Baths:5
Year Built:
Weight:24.6%
10571 Wyton Dr, Los Angeles, CA 90024

10571 Wyton Dr, Los Angeles, CA 90024

Sale: $7,995,000

5/20/20250.30 mi

Area:5,093 sqft
Price/sqft:$1,570
Beds:4
Baths:5
Year Built:
Weight:19.8%
647 Warner Ave, Los Angeles, CA 90024

647 Warner Ave, Los Angeles, CA 90024

Sale: $4,700,000

11/27/20240.10 mi

Area:4,173 sqft
Price/sqft:$1,126
Beds:3
Baths:4
Year Built:
Weight:19.3%
1708 Tropical Ave, Beverly Hills, CA 90210

1708 Tropical Ave, Beverly Hills, CA 90210

Sale: $5,119,000

12/20/20241.24 mi

Area:3,790 sqft
Price/sqft:$1,351
Beds:3
Baths:5
Year Built:
Weight:18.3%
10529 Wyton Dr, Los Angeles, CA 90024

10529 Wyton Dr, Los Angeles, CA 90024

Sale: $5,950,000

5/16/20250.19 mi

Area:3,875 sqft
Price/sqft:$1,535
Beds:4
Baths:5
Year Built:
Weight:18.0%

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