
Los Angeles, California 90068
This 1941 Hollywood Hills Restoration Project is a significant Value-Add Asset listed at $1,395,000, positioned at a premium relative to its $1,264,810 Fair Market Value. While the Condition Rating of 5 necessitates a comprehensive rehabilitation of the 2,258 square foot interior, the property’s architectural integrity and panoramic canyon views offer substantial ROI potential through forced appreciation. Located on a 7,236 square foot lot near the Hollywood sign and top-rated schools like Valley View Elementary, this site provides a rare canvas for reimagining. This is a high-upside acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2443 Creston Way Subject | $1,395,000* List Price | 3 | 2 | 2,258 | $560 | - |
A 6234 Scenic Sold | $1,225,000 | 3 | 3 | 2,332 | $525 | 0.3 mi |
B 5924 Graciosa Drive Active Under Contract | $1,395,000 List Price | 4 | 4 | 2,446 | $570 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941, this property is marketed as a restoration project or a 'full reimagining,' indicating it is not move-in ready by modern standards. Interior images reveal highly dated finishes including popcorn ceilings, 1970s-style wood paneling, peeling wallpaper, and worn original hardwood floors. The lack of modern updates to the kitchen and bathrooms, combined with the agent's description of the home as a piece of history needing a designer overhaul, places it in the poor category requiring substantial rehabilitation.
Situated near the apex of the Hollywood Hills on a quiet cul-de-sac, the property offers serene, panoramic canyon views and immediate access to world-class hiking and the Hollywood sign.
This 1941 residence preserves its original architectural character, providing a unique and authentic foundation for a high-end designer restoration or a complete modern reimagining.
The 7,236 square foot lot features ample room for terrace gardens and al fresco dining, offering a private sanctuary with a spacious floor plan that is rare for the area.
The property is positioned as a restoration project, implying that buyers will likely need to invest substantial capital to modernize the 1940s systems and finishes.
While some local elementary schools are highly rated, the assigned middle schools have lower performance scores, which may be a drawback for education-focused families.
Envision the quintessential Hollywood Hills lifestyle at 2443 Creston Way, a 3-bedroom, 2-bathroom residence near the apex of the hill. Spanning approximately 2,258 square feet, this 1941 gem preserves its original architectural integrity while offering a bright and spacious floor plan that feels like a private sanctuary on a quiet cul-de sac. The home is perfectly positioned on a 7,236 square foot lot, providing iconic and serene canyon views. There is ample outdoor space for al fresco dining and terrace gardens. Located just minutes from world-class hiking trails and infamous Hollywood sign, this property blends secluded tranquility with easy access to the studios and Franklin Village. Whether you're looking to execute a designer restoration or a full reimagining of the space, this home offers a rare opportunity to own a piece of Los Angeles history in the prestigious 90068 zip code.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.2 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 2,258 | 2,394 | 44% |
| Lot Size | 7,236 | 7,163.5 | 51% |
| Price | $1.40M | $1.97M | 21% |
| Price per sq ft | $618 | $887 | 14% |
| Built year | 1941 | 1949 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 196 | 1% |
Apr 9, 2026
$1,395,000
Initial Listing