The property was to be demolished by its current owner, who bought the 2,900-square-foot hacienda for USD 8.35 million. The residents of the neighbourhood became aware of the planned demolition after the owner filed for permits, according to CNN.
After a backlash from the residents, the Los Angeles officials intervened to block the demolition.
"Unfortunately, the Department of Building and Safety issued a demolition permit before my team and I could fully intervene and get this issue resolved," LA city councilwoman Traci Park said in a news conference last week.
Park said she received hundreds of calls urging her to save the Spanish colonial-style house.
On Friday, the city council unanimously approved Park's emergency motion to begin the process to designate the house a historic building.
Demolition is on hold until the city's Office of Historic Resources conducts a study and analysis of the home, according to Park.
The 2,624-square-foot home sits on an estate which boasts a swimming pool and citrus grove. It has four bedrooms and three bathrooms.