Hancock Park, CA 90004

Hancock Park is an affluent neighborhood in Los Angeles, California.

Hancock Park is bounded by Wilton Place on the east, Melrose Avenue on the north, Highland Avenue on the west, and Olympic Boulevard and Wilshire Boulevard on the south. Hollywood lies to the north, Koreatown to the east, Mid-City to the south, and the Miracle Mile and Fairfax District to the west. Beverly Boulevard, Rossmore Avenue, Wilshire Boulevard and 3rd and 6th Streets are the primary thoroughfares running through the district.

Rich in History, Rich in Lifestyle

Developed in the 1920s by the oil-fortuned Hancock family, Hancock Park is a testament to Los Angeles' golden era, with its origins rooted in the Rancho La Brea area. The neighborhood was masterfully crafted by G. Allan Hancock, transforming it into a residential haven. Famous architects like Paul Williams and John Austin designed homes for elite Californian families, contributing to its architectural grandeur.

Today, Hancock Park is an eclectic mix of prestigious communities, including Wilshire Park, Larchmont Village, and Windsor Square. Each area within Hancock Park offers a unique blend of classic Los Angeles architecture and modern luxury, making it a sought-after destination for discerning buyers and investors.

Living in Hancock Park

The neighborhood's distinct charm is further enhanced by its sprawling estates set back from the streets, hidden power lines, and the rarity of fences, all contributing to its open and inviting ambiance. Surrounded by the Wilshire Country Club and Los Angeles Tennis Club, Hancock Park is a haven for sports and leisure enthusiasts.

As a potential Historic Preservation Overlay Zone (HPOZ), Hancock Park is committed to preserving its historic essence while embracing a diverse community. The area is home to a rich tapestry of cultures, including a growing number of affluent Black, Latino, Asian, and Orthodox Jewish residents.

Education and Community

Served by the Los Angeles Unified School District, Hancock Park offers top-tier educational opportunities, including Los Angeles High School, Fairfax High School, and several prestigious private institutions like Yavneh Academy.

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🏡 March 2024 Luxury Real Estate Market Update & Trends for Hancock Park Wilshire 🌟

🔻 Avg Sales Price: $1.98 million, 📉 down 33%

🔻 Avg List Price $4.03 million, 📉 down 3%

🔼 Properties Sold: 9, 📈 UP 8%

🔻 Days on Market: 30 📆, 📉 down 51%

🔼 $/Sq FT: $909, 📈 UP 1%

Unlock the hidden wealth in your Hancock Park property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Hancock Park? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!

Nestled in the heart of Los Angeles, Hancock Park-Wilshire stands as a beacon of classical elegance and suburban tranquility, known for its historic homes and broad, tree-lined streets. This March, the area experienced significant shifts, with the average sales price decreasing to about $1.98 million, down 33%, while the average list price remained robust at just over $4 million, slightly down by 3%. The volume of transactions rose, with 9 properties sold, marking an 8% increase, and the days on market dramatically reduced by 51% to just 30 days, indicating a quicker sales pace. Additionally, the price per square foot, one of the lowest in the city at $909, reflects a 1% increase, making Hancock Park-Wilshire an attractive option for those seeking value and charm in a centrally located, upscale Los Angeles neighborhood. Whether you’re looking to buy into a slice of Los Angeles history or sell a cherished family home, Hancock Park-Wilshire offers a mix of opportunity and resilience, perfect for those drawn to well-preserved architecture and mature tree-lined streets, all within close proximity to the city center. For more information or to explore real estate options in Hancock Park-Wilshire or other prestigious areas like Beverly Hills, stay updated with our blog for insightful market analysis and expert guidance tailored to your needs.