ActiveResidential · sale

603 N Las Palmas Avenue

Los Angeles, CA 90004

$3,950,000

  • 5 beds
  • 6 baths
  • 4,800 sq ft
  • 0.17 acres
  • Built 2016

Listed by Claudia Backus · MLS #26850503

603 N Las Palmas Avenue, Los Angeles, CA 90004 — photo 1 View full photo
1 / 27

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2016.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

OWNER FINANCING AVAILABLE Immaculately maintained custombuilt home in prime Hancock Park built in 2016 This spacious residence offers 5 bedrooms 55 bathrooms approx 4800 sq ft of living space per seller and sits on a 7540 sq ft corner lot Seller financing available Owner may carry the loan for qualified buyers Features include a large living room with gas fireplace formal dining area expansive kitchen with island quartz countertops and walkin pantry elegant wroughtiron staircase firstfloor bedroom with full bath and semiprivate entrance powder room officebonus room storage room family room generous primary suite with fireplace sauna and walkin closet upstairs living area additional bedrooms with ensuite baths laundry room backyard with outdoor gas fireplace small pooljacuzzi gated front yard twocar garage basement storage doublepane windows fire sprinklers three AC units and three tankless water heaters Thoughtful droughtfriendly landscaping with fruit trees and roses with a gated front yard for quiet enjoyment A rare opportunity to own a beautifully maintained custom home in Hancock Park
Explore the locationMore properties in Los Angeles

THE NEIGHBORHOOD

Explore the location.

603 N Las Palmas Avenue, Los Angeles, CA 90004

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2016
Full baths
5
Half baths
1
Cooling
CentralAir,Dual,Electric,Gas,HeatPump
Heating
Central,Fireplaces,NaturalGas
Appliances
Barbecue,Dishwasher,Disposal,Microwave,Refrigerator,WaterPurifier,Dryer,Washer
Flooring
Bamboo,Tile,Wood
Pool
Yes
Pool features
Private
Spa
Yes
Zoning
LAR1
Parcel
5524019011

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$16,458.33
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

603 N Las Palmas Avenue, Los Angeles, CA 90004 · MLS #26850503

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Los Angeles.

408 E 118th$550,000408 E 118thLos Angeles, CA10414 Juniper$570,00010414 JuniperLos Angeles, CA12321 Ocean Park Boulevard 2$625,00012321 Ocean Park Boulevard 2Los Angeles, CA

Listing information

MLS #26850503 · California Regional MLS

Listing brokerage: Claudia Backus
Listing agent: Claudia Backus

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.