Hancock Park may be a Central Los Angeles neighborhood, but tree-lined streets and wide front yards give the area a peaceful, settled feel. There’s a rich sense of history here, along with open space and a sense of community. Despite the relaxed, residential atmosphere, its convenient location keeps you well connected to the rest of the city.
Hancock Park has established a reputation as one of LA’s most prestigious neighborhoods, and it’s not just because of its impressive roster of notable past and present residents. “Homes here have a level of character you don’t really see elsewhere, and they usually have deep setbacks with beautiful trees and lush, mature landscaping,” says Alexander Masket, a broker associate with Compass who was born and raised in Los Angeles. The dominant Architectural styles include Tudor Revivals and Spanish Colonial Revivals.
Small bungalows on the edges of the community typically sell between $1.5 million and just over $2 million, but larger, historic homes may start at around $2.5 million and top out above $15 million. In addition to single-family options, there are a few condos and tenants-in-common opportunities, and units tend to range from the low $400,000s to roughly $1.5 million.
“Some neighborhoods gain attention by changing quickly, but Hancock Park is the opposite,” Masket says. “Its value comes from how much of its character and charm has remained intact. When you walk into many of the homes, it feels like you’re in a time capsule from the ‘20s or ‘30s.” One reason the community feels so original is that most of it is within the Hancock Park Historic Preservation Overlay Zone. Living in an HPOZ means you may need approval before making any updates or changes, especially if they’re visible from the street. The HPOZ guidelines cover home renovations, but they can also include:
Hancock Park has an active neighborhood group, the Hancock Park Homeowners Association, which is optional to join. Members volunteer as block captains, hosting meetups, welcoming new residents and serving as a point of contact with the police department and security companies. The association also helps raise money to maintain and replace community trees.
The area is part of the highly rated Los Angeles Unified School District, which gives families school choice through magnet programs and an open-enrollment lottery. Third Street Elementary School is located in Hancock Park, and it offers a gifted magnet and a Korean dual-language immersion program. The community is also home to Yeshivat Yavneh, a faith-based private option for preschool through middle school, as well as the highly rated, all-girls Marlborough School.
With tree-shaded sidewalks lining the streets, neighborhood strolls are a popular activity. You might see locals out exercising their dogs, while others are heading to places like:
“In terms of the city of LA, Hancock Park is very, very central,” Masket says. “Some of the people I know who live here have offices on Wilshire [Boulevard], so they can walk to work, but for most of LA, you’ll be driving.” You have access to major roads like La Brea Avenue and Wilshire Boulevard, which connect to larger thoroughfares and freeways. Hollywood is just north of the community, and Century City, Beverly Hills and Downtown LA are all within a 7-mile radius.
Steve Kim
Best Realty & Investment, Inc.
(747) 247-7278
34 Total Sales
1 in Hancock Park
$1,150,000 Price
Jonathan Kim
Equity Union
(323) 916-4083
22 Total Sales
1 in Hancock Park
$3,115,000 Price
Emilee Jones
Compass
(323) 772-5842
5 Total Sales
1 in Hancock Park
$610,000 Price
Rene Perez
CONTEXTRE
(707) 873-7840
44 Total Sales
1 in Hancock Park
$899,000 Price
John Michael Iglar
Douglas Elliman
(424) 321-8709
27 Total Sales
1 in Hancock Park
$5,050,000 Price
Angelo Fierro
Compass
(213) 277-2416
63 Total Sales
1 in Hancock Park
$1,699,000 Price
| 1 - Low Crime, 10 - High Crime | Hancock Park | US |
|---|---|---|
| Homicide | 3 | 4 |
| Sexual Assault | 5 | 4 |
| Assault with Weapon | 4 | 4 |
| Robbery | 4 | 4 |
| Burglary | 5 | 4 |
| Motor Vehicle Theft | 5 | 4 |
| Larceny | 6 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Hancock Park, Los Angeles sell after 46 days on the market compared to the national average of 56 days. The median sale price for homes in Hancock Park, Los Angeles over the last 12 months is $2,155,000, down 5% from the median home sale price over the previous 12 months.
|
Median List Price
$2,200,000
|
Median Sale Price
$2,155,000
|
|
Median Single Family Sale Price
$3,280,500
|
Median Townhouse Sale Price
$2,421,000
|
|
Median 2 Bedroom Sale Price
$925,000
|
Median Change From 1st List Price
3%
|
|
Last 12 months Home Sales
91
|
Median Home Sale Price YoY Change
-5%
|
|
Average Price Per Sq Ft
$878
|
|
|
Number of Homes
2,615
|
Number of Homes for Sale
45
|
|
Median Year Built
1927
|
Months of Supply
5.90
|
|
Average Single Family Home Size Sq Ft
3,737
Significantly above the national average
1,934
|
Average Townhouse Size Sq Ft
4,081
|
|
Average 2 Bedroom Size Sq Ft
1,492
|
Average 1 Bedroom Size Sq Ft
805
|
|
Median Lot Size Sq Ft
8,276
|
|
$3,325 - $3,545 per month
$1,950 - $3,750 per month
$2,060 - $4,780 per month
$2,062 - $2,929 per month
$4,500 per month
|
Number of Homes for Rent
31
|
Median Rent
$7,995
|
|
Median Single Family Home Rent
$7,600
|
Median 4 Bedroom Single Family Home Rent
$11,800
|
|
Median Townhouse Rent
$6,438
|
Median 3 Bedroom Townhouse Rent
$6,438
|
|
Median Condo Rent
$3,500
|
Median 2 Bedroom Condo Rent
$3,725
|
|
Total Population
10,153
|
Median Age
42
|
|
Population Density
11 ppl/acre
|
Population under 18
22.2%
On par with the national average
23.8%
|
|
Population over 65
18.7%
On par with the national average
19.1%
|
|
|
Median Household Income
$115,288
Significantly above the national average
$79,597
|
Average Household Income
$152,176
|
|
High School Graduates
96.8%
|
College Graduates
68.7%
Significantly above the national average
34.1%
|
|
Advanced Degrees
29.5%
Above the national average
13.3%
|
% Population in Labor Force
73.4%
|
|
Annual Precipitation
14''
|
Average Winter Low Temperature
48°F
|
|
Average Summer High Temperature
83°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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