Historic Greek Revival Home in Spaulding Square Lists for $1.8 Million

A meticulously renovated 1919 Greek Revival home in Los Angeles's historic Spaulding Square neighborhood, currently owned by actress Illeana Douglas, has been listed for $1.8 million. The property blends original vintage charm with modern updates, offering a unique opportunity in a prime location close to major film studios.

What are the key features of this historic Spaulding Square home? Built in 1919, this 1,711-square-foot bungalow retains significant period details while benefiting from substantial renovations. The two-bedroom, two-bathroom home features original crown molding, a tiled fireplace, and hardwood floors. Celebrity interior designer Brenda Antin led the updates, which include a kitchen that preserves original built-in shelving and a functional antique Wedgewood stove while adding a Carrara marble island and modern appliances. Double French doors open from the kitchen to a wood deck overlooking a grassy backyard with citrus trees, with potential space for a pool. Bonus rooms include a library with floor-to-ceiling bookshelves and an enclosed sunroom that can serve as a home office or art studio.

Why is the location of this Los Angeles property significant? The home is situated in the historic Spaulding Square neighborhood, an area developed as the film industry was gaining traction in Los Angeles. Its proximity to major studios has made it a desirable location for industry professionals for over a century. This location offers both historical significance and practical convenience for those working in entertainment.

*Property tax is an annual fee levied by local governments, typically calculated as a percentage of the property's assessed value. This estimate is based on a 1.2% rate for illustrative purposes.

What modern updates have been made to the 1919 property? While honoring the home's history, the renovations focused on enhancing light and modern livability. The kitchen was opened up and updated with high-end materials. Listing agent Mica Rabineau highlights that the home is "light-filled, with windows throughout," allowing owners to enjoy the California sunshine. The combination of preserved elements like the original cabinetry with new additions creates a move-in ready property that does not require immediate renovations.

Is this a sound real estate investment based on market data? Based on our experience assessment, the property has appreciated in value since the current owner's purchase in 2006 for $1.28 million. The $520,000 increase in value over 18 years reflects both market trends and the value added through strategic renovations. Investing in a historic home in a well-established, desirable neighborhood like Spaulding Square often provides more stable long-term value compared to newer developments, though all real estate investments carry inherent market risk.

For potential buyers interested in historic properties, due diligence is crucial. This includes a specialized inspection to assess the condition of older structural elements and systems, and verifying if the property has any historical designations that might affect future modifications. The key takeaway is that this listing offers a rare combination of authentic historical character and contemporary comfort in one of Los Angeles's most charming neighborhoods.