BOM - Subject to Cancellation of Existing Escrow - BUYER did not perform! Here is your second chance. What a gem! This diamond in the rough is what you have been waiting for! The home is located in the Historical Property Overly Zone (HPOZ) of… Read More South Carthay. The area is only minutes to Museums along Wilshire Blvd and world class shopping and dining at The Grove outdoor shopping plaza. This property was the residence of famed architect and developer Spiros G. Ponty. Ponty was architect for portions of South Carthay and completed homes in the Spanish Revival theme. It is no surprise that the personal residence of Ponty has one of the largest lots in the area at over 8,000 square feet. The property itself is MILLS ACT compliant and as a result, receives preferential property tax savings which can benefit the property's new owner thousands of dollars per year (call for details on how you can receive these savings). The home boasts a walled courtyard, covered patio within the courtyard with fireplace, terra cotta colored tile flooring, hardwood floors throughout, a breakfast room, formal dining area, sunken living room, fireplace, a stepped rectangular pattern recessed ceiling in the main bathroom (a unique hallmark of the Ponty designs), a cantilevered sink/counter in the main bathroom, coved ceilings in the dining area and arches throughout the home. Additionally, the property includes granite counter tops in the kitchen, maple cabinets, indoor laundry and decorative iron accents throughout the property. Finally, there is central air & heat, a newer roof and a stainless appliance package in the kitchen is included. This package includes a professional six burner Viking stove, refrigerator, dishwasher and built-in microwave. French doors lead from the primary bedroom suite to the over-sized backyard. You may be wondering...what's the catch since homes in this area sell for hundreds of thousands of dollars more?! The home is in need of TLC and a visionary buyer or investor to breath new life into this lovely home. A little sweat equity will go a long way. Bring your paint brush, roll up your sleeves and lets generate some equity! By now, you are probably thinking, this home is not going to last! Well, you would be correct. Don't wait, call today for a private showing and tour of this residence. Read Less
Property listed by RE/MAX One, Mark Gilmore 818-522-4249
Listing Snapshot
Days Online
10
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,948
Lot Size
0.19 Acres
Year Built
1935
MLS Number
SR25096504
30 Days Snapshot Of 90035
$2.28M
+46%
(avg) sold price
13
+62%
homes sold
48
-60%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1935, Levels: One, Living area: 1948, 1 story, Architectural style: Spanish, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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