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Can This John C. Austin-Designed Greek Revival Be Revived?

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Longtime readers may recall this pedigreed pile from its last appearance on the site a little over three years ago. And super OG readers may remember it from an even earlier appearance back in 2007. Known as the Nickel-Leong Mansion, the 1905 Greek Revival was designed by Griffith Observatory architect John C. Austin for restaurateur Max Nickel. Though it was declared a Historic-Cultural Monument in 2006, this distinction doesn't appear to have made too great of an impact on the once-grande dame's fortunes. Located on the border of Mt. Washington and Cypress Park (on the Mt. Washington side, per the LA Times), the five-bedroom, three-bath residence has been on and off the market umpteen times over the last decade and foreclosed upon twice in the past four years, most recently in May of 2011. According to the current listing, the REO property sits on four lots and features hardwood floors throughout, crown moldings, two fireplaces, a formal dining room, a walk-in pantry, a basement and "fully finished"--and thoroughly depressing--"attic with winding staircase and additional bathroom." Asking price for the historic house, which last changed hands for $497,724, is $600,000.
· 901 ISABEL St [Redfin]
· Curbed Poll: Greek Revival Mansion in Mt. Washington [Curbed LA]