Hancock Park Opportunity – needs TLC!

$5,600,000  6040 sf on 19,999 sf lot – COMPS IN THE AREA OVER $10,000,000 and a home 2 doors away will be $16m soon!

314 S Rimpau

WALK-THROUGH VIDEO HERE!

Incredible development opportunity to expand or renovate this private gated English Estate in prime Hancock Park on a large lot of almost 20,000 sq/ft! Current house + guest house featured 6 beds/7 baths but available plans would increase sq/ft and add amenities. The house has already undergone extensive prep work and kitchens/bathrooms have been demoed/removed with plans submitted to the city. The main house has an excellent flow that’s hard to find in homes of this era, with generous center hall, paneled library/den, music room, formal living room, dining room + 2 fireplaces. Guest house is 2 story with room for exercise room, pool hangout/living space, bathroom and upstairs a bedroom, kitchen, living room + bathroom + sundeck. 2 car garage. Pool.  Condition of house without kitchen or bathrooms most likely means all cash offers only. Please note the house is very quiet both inside and outside, even though it’s south of 3rd St. According to the current architect the max you can build on the lot is just under 7,000 sq/ft. Full set of plans available. REST measures the current house at 5,039 sq/ft plus 1,035 sq/ft guest house plus 771 sq/ft garage. CURRENT PHOTOS at the bottom of this post. Listed by Angela Bond at KW Realty.

CONTACT ME to VIEW!