
507 North Larchmont Boulevard, Los Angeles, CA 90004
507 North Larchmont Boulevard, Los Angeles, CA 90004
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1265 Harvard Boulevard | Los Angeles | 1920 | 4 | 1 | 1,488 | 6,503 | $669 | $995,999 | 417 | 77 |
| 5100 8th Avenue | Los Angeles | 1921 | 2 | 1 | 934 | 6,468 | $642 | $600,000 | 612 | 77 |
| 3417 Arlington Ave | Los Angeles | 1913 | 3 | 2 | 1,311 | 6,134 | $725 | $950,000 | 640 | 72 |
| 151 110th Street | Los Angeles | 1924 | 3 | 2 | 1,376 | 5,322 | $508 | $699,000 | 678 | 71 |
| 3876 Edgehill Drive | Los Angeles | 1941 | 3 | 3 | 1,554 | 5,854 | $1,014 | $1.57M | 612 | 71 |
| Total: 5 · Average | 3.0 | 1.8 | 1,332.6 | 6,056.2 | $711.6 | $963,999.8 | 591.8 | |||
| Median | 1,376 | $950,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6714 Rhea | Los Angeles | 1983 | 10/09/2026 | 3 | 2 | 1,332 | 6,751 | $869,000 | $857,000 | $643 | 0.99 | 41 | 93 |
| 3558 Muirfield Road | Los Angeles | 1942 | 10/09/2026 | 3 | 2 | 1,920 | 6,422 | $1.40M | $1.40M | $729 | 1.00 | 31 | 82 |
| 6235 Condon | Los Angeles | 1948 | 10/08/2026 | 2 | 2 | 1,412 | 7,707 | $875,000 | $967,000 | $685 | 1.10 | 45 | 80 |
| 914 Terrace 49 | Los Angeles | 1916 | 10/08/2026 | 4 | 2 | 1,536 | 7,501 | $1.40M | $1.50M | $977 | 1.07 | 48 | 79 |
| 483 Museum Drive | Los Angeles | 1928 | 10/08/2026 | 3 | 2 | 1,085 | 7,044 | $888,000 | $1.16M | $1,065 | 1.30 | 33 | 75 |
| Total: 5 · Average | 3.0 | 2.0 | 1,457 | 7,085 | $1.18M | $1.18M | $819.8 | — | 39.6 | ||||
| Median | 1,412 | $1.16M | $1.16M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.