Part 4 of 5

When two homes look similar inside, one sells for far more — often because of the lot. In Hancock Park, lot size, shape, and rarity are major secret value levers.

Lot size matters

In Hancock Park you’ll see lots from ~7,000 sq ft to 20,000+ sq ft. A 9,000 sq ft lot vs. a 16,000 sq ft lot of the same house size can make a significant difference.

Layout is key

Wide frontage, balanced lot shape, deep setbacks, mature trees and historic landscaping all contribute to that “estate feel.” Buyers pay for it. A narrow or odd-shaped lot may underperform even if square footage is comparable.

Rarity multiplies value

A rare combination — large lot + intact period details + guesthouse or motor court — creates a scarcity premium. Fewer such homes come to market, driving competition and higher pricing.

Estate feel & outdoor preservation

Original mature landscaping, fountains, brick pathways, historic guesthouses — all of these reinforce authenticity and add value. Conversely, modern pool decks or hardscape that clash with the period home can detract.

Key Takeaways:

• Larger lots in Hancock Park significantly boost value — more than in typical LA subdivisions

• Lot layout (frontage, symmetry, setbacks) matters nearly as much as size

• True historic estates with rare combinations (lot size + intact design) command a premium

• The “estate feel” – space, privacy, mature landscaping – drives buyer demand

• Outdoor preservation (original gardens, guesthouses) enhances marketability

Part 5 of 5 Is HERE

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