At STILL Property Group, we are proud to showcase one of our most exciting projects: The Hancock. This landmark development promises to reshape one of the most sought-after neighborhoods in Los Angeles, offering a truly unique residential experience in a prestigious location. Here’s an inside look at the deal, its exceptional features, and why The Hancock is poised to be the crown jewel of Hancock Park.
The Vision for The Hancock
While the building had originally received approval for a residential and office conversion, STILL Property Group has crafted a visionary plan that aligns with the evolving dynamics of Los Angeles real estate. Taking advantage of the impending California Affordable Housing Overlay, the decision was made to develop the property into an entirely residential condominium project, featuring upscale finishes and a refined design that speaks to the high-end market.
The development will include 69 units spread across 155,000 net square feet, offering a combination of townhomes and “homes in the sky”, each with an average size of 2,200 square feet. The Hancock promises to provide more than just a place to live—it will deliver a lifestyle. Each residence is designed with sophistication and comfort in mind, ensuring that future residents will enjoy luxurious amenities and elegant living spaces in one of Los Angeles’ most prestigious neighborhoods.
A Seamless and Low-Risk Redevelopment
One of the most exciting aspects of the Hancock deal is that the project is already fully entitled and has received approval for seismic retrofit and redevelopment plans. This means that STILL Property Group and its investors can move forward without the risk of approval, delays in permitting or complications. The property’s conversion into a residential condominium building is already a de-risked venture that ensures significant demand and interest from both local Angelenos and international buyers who are eager to call Hancock Park home.
The planned redevelopment includes a garage and pool deck, further enhancing the property’s appeal. With seismic upgrades planned, the building will meet modern safety and construction standards, offering a secure and attractive environment for future residents.
A Strong Investment Opportunity
With a hold period of 5 years, The Hancock represents an exceptional investment opportunity. The combination of location, high-end design, and existing approvals provides a low-risk and high-reward project for investors looking to capitalize on the ongoing demand for luxury residential spaces in Los Angeles.
At STILL Property Group, we are dedicated to bringing visionary real estate projects to life, and The Hancock is just one example of how we are shaping the future of Los Angeles real estate.
We currently have investment opportunities available for qualified investors.