About This Condo in Los Angeles, CA
This 7 bedroom, 7 bathroom condo is located in Los Angeles, CA. The property spans 9,700 square feet of living space on a 69,696 square foot lot, and was built in 1937. The property sold for $20,000,000, placing it in the ultra-luxury segment of the market.
Elvis Presley's home. Elvis Presley purchased this home on the corner of Ladera and Monovale Drive in Holmby Hills neighborhood in Los Angeles in December 1970 for $339,000.
The 9,700 square foot, 7-bedroom, 7-bathroom Tudor house was built in 1937 and sits on 1.6 acres. It was renovated in 1961 and then further by Elvis in 1971.
Priscilla and Lisa Marie continued to live at Monovale after the divorce until Priscilla found an apartment in Marina del Rey. Elvis sold the house to actor Telly Savalas for $625,000 in June of 1975.
It was last sold in 2020 for $20 million.
During the 1940's the house was owned by actor Robert Montgomery.
Constructed in 1937, this mid-century home carries the design sensibilities of its era — often featuring open floor plans, large windows, and quality materials that have held up well over 89 years. Many buyers specifically seek out homes of this vintage for their craftsmanship and lot sizes.
Real Estate in Los Angeles, CA
California is one of the most expensive real estate markets in the United States, driven by high demand in coastal cities like Los Angeles, San Francisco, and San Diego. Limited land for development, strict zoning regulations, desirable weather, and a concentration of high-paying technology and entertainment jobs create persistent upward pressure on prices. The state offers diverse property types from beachfront homes and hillside estates to Central Valley farmhouses, with internal price variation that is among the largest of any state.
What Determines Value in the Ultra-luxury Segment
In the ultra-luxury price range where this condo in Los Angeles sits, buyers are typically weighing a specific set of trade-offs. Ultra-luxury real estate operates by different rules than the broader market. Buyers at this price point are generally purchasing on the strength of specific features — waterfront, views, architectural significance, or historical provenance — that cannot be replicated elsewhere, rather than making purely financial decisions.
Properties like this condo in Los Angeles are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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