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Back on Market (BOM) with Price Improvement! - 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 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.
Property Type(s):
Single Family
| Last Updated | 5/19/2025 | Year Built | 1935 |
|---|---|---|---|
| Community | Beverly Center-Miracle Mile | Garage Spaces | 2.0 |
| County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Price History
| Prior to May 9, '25 | $2,000,000 |
|---|---|
| May 9, '25 - May 19, '25 | $2,149,500 |
| May 19, '25 - Today | $1,895,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Beverly Center-Miracle Mile |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 8236 sq ft |
| LOT DESCRIPTION | Back Yard, Level |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 1 |
| STYLE | Spanish |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR1 |
Location
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Listed with RE/MAX One
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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