2183 Sunset Plaza Drive, Los Angeles, California 90069, Los Angeles, 90069 - 7 bed, 7 bath
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Los Angeles, California 90069
This High-Potential Investment Opportunity is a Single Family Residence listed at $5,500,000—positioned well below the $6,606,488 Fair Market Value by 16%. This valuation gap offers $1,106,488 in Instant Equity. Featuring unobstructed panoramic views, a chef's kitchen, and a state-of-the-art home theater, the property maintains a Condition Rating of 2. With proven $400,000+ annual rental income and creative financing, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, luxury Sunset Strip asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2183 Sunset Plaza Drive Subject | $5,500,000* List Price | 7 | 7 | 6,725 | $982 | - |
A 1506 N Doheny Drive Sold | $5,200,000 | 5 | 7 | 5,009 | $1,038 | 0.5 mi |
B 8827 Evanview Drive Active | $4,380,000 List Price | 6 | 6 | 5,586 | $784 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1989, the property has undergone a high-end modern renovation. The interior features contemporary finishes, a chef's kitchen, spa-like bathrooms, and state-of-the-art systems including a home theater and security. The mint condition and recent aesthetic updates (linear fireplace, glass railings) suggest a renovation within the last 5 years.
The property offers a proven annual rental income of $400,000+ and rare creative financing options, including the ability to assume existing debt at a highly attractive 2.75% interest rate.
Perched above the Sunset Strip, the home features sweeping, unobstructed vistas from Downtown LA to Catalina Island, maximized by dramatic walls of glass and soaring ceilings.
At 6,725 square feet, this residence represents one of the lowest price-per-square-foot opportunities currently available in the high-demand Sunset Strip/Hollywood Hills West market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6725, other record living area = 3891. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
With a 6,725 sqft home on a 7,949 sqft lot, the property is built nearly to the edges of its cliffside footprint, resulting in a lack of traditional flat yard or garden space.
Built in 1989, the home may require significant capital expenditure for updates to mechanical systems or structural hillside maintenance to align with modern luxury standards.
Welcome to "The Sunset Plaza Hub," a dramatic architectural modern perched above the Sunset Strip with sweeping, unobstructed views from Downtown Los Angeles to Beverly Hills and out to Catalina Island. Designed for elevated living and effortless entertaining, the home features soaring ceilings, walls of glass, and an open-concept layout that floods the interiors with natural light. A chef's kitchen anchors the main level, while a state-of-the-art home theater and top-floor primary suite with spa-like bath, private balcony, and cliffside hot tub offer the ultimate in luxury and comfort. The expansive basement level serves as a versatile canvas, ideal for a recording studio, wellness spa, nightclub, or another creative use. With a gated entry, full security system, direct garage access, and close proximity to world-class shopping, dining, and nightlife, this property captures the essence of the LA lifestyle. Proven investment upside with a multi-year short-term rental history generating $400,000+ in verifiable annual income. Creative financing available where the future buyer may take over existing debt at a 2.75% interest rate on $1.615M or a blended 4.6% rate on $2.4M, with the balance of the purchase price to be provided as buyer equity. A rare opportunity for an owner user, 1031 exchange investor, or developer to own one of the city's most compelling view properties with unmatched income potential, all while at one of the lowest price per square foot buy in prices of all inventory in the Sunset Strip.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 7.0 | 3.0 | 90% |
| Square foot | 6,725 | 2,519 | 92% |
| Lot Size | 7,949 | 6,640 | 57% |
| Price | $5.50M | $2.70M | 86% |
| Price per sq ft | $818 | $1.1K | 10% |
| Built year | 1989 | 1957 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 194 | 2% |
May 26, 2026
$5,500,000
Initial Listing
Jul 17, 2003
$1,450,000
Public Record
Mar 1, 2002
$1,155,000
Public Record
Mar 16, 1998
$135,000
Public Record
Nov 19, 1996
$64,000
Public Record