1551 Lucretia Avenue
Los Angeles, CA, 90026 $ 3,495,000
Bedrooms6 Baths5.0 Sq 4,576 Monthly Estimate*
$ 21,804
for $3,495,000 with 6 bedrooms and 5 full baths. This 4,576 square foot home was built in 2024 on a lot size of 0.15.
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.
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FeaturesGeneralLiving Area 4576.0
Heating Central
Cooling Central Air
Zoning LAR2
Architectural Style Contemporary
3/4 Baths 0
Full Baths 5
Half Baths 0
Year Built 2024
View Panoramic Mountain(s) City Lights
Levels Multi/Split
Property Subtype Single Family Residence
County Los Angeles
New Construction No
Property Type A
HOA No
Attached Garage No
Status Active
City Los Angeles
Senior Community Y/N No
MLS Area C21 - Silver Lake - Echo Park
Lot Size Units Square Feet
Lot Size Square Feet 6462.0
Property Attached Y/N No
Structure Type None
Standard Status Active
Year Built Source Builder
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InteriorFlooring Tile
Kitchen Appliances Disposal Dishwasher Refrigerator Microwave
Total Stories 3
Common Walls No Common Walls
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bathrooms 5.0
Laundry Features None Washer Included Dryer Included
Total Baths 5
Total Bedrooms 6
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ExteriorParking Features Driveway
Lot Size Area 6462.0
Spa No
Pool Y/N? Yes
Building Area Total 4576.0
Lot Size Acres 0.15
Land Lease Type Fee
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* Excluded FeaturesList ByOliver ThorntonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $21,804
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $3,717,178
Percent of Sale Price 6%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/29/2025 | $3,495,000 | -7.91% | Price Down |
| 9/24/2025 | $3,795,000 | | Listed Price |