1551 Lucretia Ave Los Angeles, CA 90026
Echo Park NeighborhoodEstimated payment $20,717/month
Highlights
- Panoramic View
- Viking Appliances
- No HOA
- Room in yard for a pool
- Contemporary Architecture
- Electric Vehicle Charging Station
About This Home
Welcome to the "NELA Observatory", a breathtaking new construction that blends mid-century modern inspiration with today's finest design and functionality, set on a private and peaceful cul-de-sac with jetliner views of DTLA and the surrounding mountains. Every level of this three-story residence was crafted to capture sweeping sunsets and shimmering city lights. The entire lower level is a private two-bedroom, one-bathroom ADU with its own address and entrance, complete with an open-concept kitchen, laundry, multiple balconies, and unobstructed vistasideal as an income-generating rental, guest quarters, or space for loved ones. Upstairs, the main residence features three bedrooms and three bathrooms, including a serene primary suite with a private veranda overlooking Echo Park Lake, downtown, and the Hollywood Hills, plus a spa-inspired bath with soaking tub. The main level is designed for entertaining with floor-to-ceiling windows, wraparound balconies, and views of the Hollywood Sign on clear days. A chef's kitchen with Viking appliances, generous counter space, and seamless flow into the living areas anchors this floor, complemented by an office or fourth bedroom with its own bath. Altogether, the home offers six bedrooms and five bathrooms, a two-car garage, additional driveway and street parking, and a clean, gated entryway. For outdoor enthusiasts, the property is walking distance to Elysian Park's hiking trails and just minutes from Griffith Park, Dodger Stadium, and Sunset Blvd. Local favorites like Valerie Bakery, Canyon Coffee, and Glowing Plant-Based Eatery are nearby, along with Stronghold Climbing Gym, wellness centers, and EV charging stations. Adding even more appeal, conceptual renderings are showcased for a pool, pool deck, and sport court, highlighting the incredible potential of the outdoor spaces should a buyer choose to develop them. Offering endless opportunities for relaxation and adventure, the NELA Observatory is hillside living at its most inspiring.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,116
Year Built
- Built in 2024
Lot Details
- 6,462 Sq Ft Lot
- Property is zoned LAR2
Property Views
- Panoramic
- City Lights
- Mountain
Home Design
- Contemporary Architecture
- Split Level Home
Interior Spaces
- 4,576 Sq Ft Home
- 3-Story Property
- Entryway
- Living Room
- Dining Room
Kitchen
- Oven or Range
- Microwave
- Freezer
- Dishwasher
- Viking Appliances
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- Powder Room
- 5 Full Bathrooms
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Car Garage
- Driveway
Additional Features
- Room in yard for a pool
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Electric Vehicle Charging Station
Listing and Financial Details
- Assessor Parcel Number 5419-006-024
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $8,116 | $687,165 | $146,214 | $540,951 |
2024 | $8,116 | $673,693 | $143,348 | $530,345 |
2023 | $7,956 | $660,485 | $140,538 | $519,947 |
2022 | $2,771 | $235,171 | $137,783 | $97,388 |
2021 | $2,739 | $230,561 | $135,082 | $95,479 |
2019 | $1,567 | $131,076 | $131,076 | $0 |
2018 | $1,559 | $128,506 | $128,506 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/23/2025 09/23/25 | For Sale | $3,795,000 | -- | $829 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | -- | None Available | |
Grant Deed | -- | None Available |
Source: The MLS
MLS Number: 25582415

APN: 5419-006-024
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