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507 North Larchmont Boulevard, Los Angeles, CA 90004

$3.00M0bd · 0ba · 1,431 sqft
Lot 7,007 sqft•Single Family Residence•
Active
•220d on market•MLS# 00-26660587

Property Description

Situated in the heart of one of Los Angeles' most charming and sought-after neighborhoods, this exceptional property offers a rare opportunity in the vibrant Larchmont Village corridor. Located along the iconic tree-lined Larchmont Boulevard, the property sits just moments from popular cafs, restaurants, boutique shops, and neighborhood amenities that define the unique character of the area. The existing residence features approximately 1,431 square feet of living space on a generous ~7,000 square foot lot, providing flexibility for an owner-user, investor, or developer seeking a premier location in central Los Angeles. With LAC2 zoning, the property presents significant potential for a variety of future uses including residential, mixed-use, or boutique commercial development (buyer to verify). Surrounded by established neighborhoods including Hancock Park, Windsor Square, and Koreatown, the property benefits from strong demographics, consistent foot traffic, and excellent accessibility to major thoroughfares such as Wilshire Boulevard, Melrose Avenue, and Hollywood. Whether preserved as a charming residence or reimagined as a new development opportunity, 507 N Larchmont Blvd offers a rare chance to acquire property on one of Los Angeles' most beloved neighborhood streets.A unique opportunity in the heart of Larchmont Village.

Features & Amenities

Fee

Property Details

Land Type
Fee
Property Type
Residential
Property Subtype
Single Family Residence
Flooring
Carpet
City
Los Angeles
Zip Code
90004
County
Los Angeles
Listed byTHE Real Estate Agency, Sharon Hakimfar

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$15,164.58
Principal & Interest
Loan Amount
$2,399,200
Total Interest
$3,060,047
Total Payment Over 30 Years
$5,459,247
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

507 North Larchmont Boulevard, Los Angeles, CA 90004

Los Angeles · Single Family Residence

$3.00M
Luxury Tier
Beds
0
Baths
0
Sqft
1,431
Lot
7,007 sqft
Year
0
$/Sqft
$2096
Pool: No✓
Spa: No✓

Listed 159.4% above the median closed sale of $1,156,000. Price per sqft ($2,096) is a 156% premium to closed comps ($820). Closed comps sold at 109% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $3.00M· $2,096/sqft
Total list price
Closed comps
vs closed median $1.16M
+$1.84M (+159.4%)
Active comps
vs active median $950K
+$2.05M (+215.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $712
+$1K (+194.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1265 Harvard BoulevardLos Angeles1920411,4886,503$669$995,99941777
5100 8th AvenueLos Angeles1921219346,468$642$600,00061277
3417 Arlington AveLos Angeles1913321,3116,134$725$950,00064072
151 110th StreetLos Angeles1924321,3765,322$508$699,00067871
3876 Edgehill DriveLos Angeles1941331,5545,854$1,014$1.57M61271
Total: 5 · Average3.01.81,332.66,056.2$711.6$963,999.8591.8
Median1,376$950,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
6714 RheaLos Angeles198310/09/2026321,3326,751$869,000$857,000$6430.994193
3558 Muirfield RoadLos Angeles194210/09/2026321,9206,422$1.40M$1.40M$7291.003182
6235 CondonLos Angeles194810/08/2026221,4127,707$875,000$967,000$6851.104580
914 Terrace 49Los Angeles191610/08/2026421,5367,501$1.40M$1.50M$9771.074879
483 Museum DriveLos Angeles192810/08/2026321,0857,044$888,000$1.16M$1,0651.303375
Total: 5 · Average3.02.01,4577,085$1.18M$1.18M$819.8—39.6
Median1,412$1.16M$1.16M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.