1848 N Crescent Heights Boulevard, Los Angeles, California 90069, Los Angeles, 90069 - 4 bed, 3 bath

1848 N Crescent Heights Boulevard, Los Angeles, California 90069 home-pic-0
ACTIVE$5,750,000
1848 N Crescent Heights Boulevard, Los Angeles, California 90069
4Beds
3Baths
2,920Sqft
52,849Lot
Year Built
1983
Close
-
List price
$5.75M
Original List price
$6.25M
Price/Sqft
$1,969
HOA
-
Days on market
-
Sold On
-
MLS number
24433247
Home ConditionTear down
Features
Excellent View: City Lights, Coastline, Mountain(s), Panoramic
Pool
Patio
ViewCity Lights,Coastline,Mountain(s),Panoramic

About this home

We found 3 Cons,6 Pros. Rank: price - $5.75M(75th), sqft - 2920(45th), beds - 4(54th), baths - 3(38th).

Extremely rare opportunity to build the pinnacle of splendor and luxury in the highly coveted West Hollywood Hills on an exclusive cul-de-sac off upper Crescent Heights Blvd. Three adjoining lots combine for 1.2+ acres (52,000+ square feet of land) making it the largest parcel on the street that offers privacy and 230+ feet of street frontage. Explore building more than one luxury home--it comes with 3 separate addresses, or an exceptional trophy estate boasting an estimated 12,000+ sq ft private residence fit for only the most powerful or influential people. Such a home could feature breezy interiors that are as striking as its unobstructed panoramic views that stretch from Downtown Los Angeles to the Pacific Ocean (and all the way to Catalina on a clear day). A vast open floorplan with a glass wall system on the lower level would not only create the perfect indoor/outdoor lifestyle, but also provide a seamless flow between an ultra-modern kitchen and warm living spaces branching off of it. Imagine floor-to-ceiling glass windows overlooking a palatial party villa that includes a sports court, outdoor terrace, and a custom glass-walled infinity-edge pool with outdoor popup theater in case you would like to entertain or host an epic poolside event. A new construction mansion of this caliber would come with all the bells and whistles one might expect as well as a grand temperature controlled wine cellar, workout/wellness center, salon, auto gallery, and more. Acquiring this truly unique property comes with endless possibilities. Currently sitting on the property is a 4 bed 3 bath, ~3,000 square foot home with pool. Topography Survey (2005) available upon request.

Condition Rating
Tear down

The listing explicitly markets the property as a 'rare opportunity to build the pinnacle of splendor and luxury,' stating that the 'current 4 bed, 3 bath, ~3,000 square foot home... would likely require demolition.' The property's value is clearly based on the land and its redevelopment potential for a new 12,000+ sq ft estate. There are no interior images provided, particularly of the kitchen and bathrooms, which strongly suggests the existing structure's condition is not a selling point and is intended for removal, aligning with the 'tear-down' criteria where the value is solely on the land.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52849, living area = 2920.
Exceptional Development Potential: A rare opportunity to build a 12,000+ sq ft trophy estate or multiple luxury homes across three adjoining lots with separate addresses.
Prime & Coveted Location: Located in the highly sought-after West Hollywood Hills on an exclusive cul-de-sac off upper Crescent Heights Blvd, offering a prestigious address.
Expansive Private Parcel: Comprising over 1.2 acres (52,000+ sq ft) across three lots, it is the largest parcel on the street, providing unparalleled space and 230+ feet of street frontage.
Unobstructed Panoramic Views: Boasts breathtaking, unobstructed panoramic views stretching from Downtown Los Angeles to the Pacific Ocean and Catalina Island on clear days.
Privacy & Exclusivity: Situated on an exclusive cul-de-sac and being the largest parcel, the property offers a high degree of privacy and exclusivity.

Cons

Significant Additional Investment Required: The property is primarily marketed as a development opportunity, implying substantial additional capital expenditure for demolition and new construction beyond the purchase price.
High Entry Price Point: With a list price of $5.75 million, the property targets an ultra-luxury market segment, limiting the pool of potential buyers to those with significant financial resources for both acquisition and development.
Existing Structure Obsolete for Vision: The current 4 bed, 3 bath, ~3,000 sq ft home is not aligned with the envisioned 'trophy estate' and would likely require demolition, adding costs and project complexity for the buyer.

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