2579 Leicester Drive, Los Angeles, California 90046, Los Angeles, 90046 - 5 bed, 4 bath
2579 Leicester Drive
Los Angeles, California 90046
Property Price
SUMMARY
Analysis of 2579 Leicester Drive, Los Angeles, California 90046 reveals a Prime Investment Opportunity with a current list price of $1,865,000—significantly undercutting the $1,995,343 Fair Market Value by 6%. This valuation gap indicates a +$130,343 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2579 Leicester Drive Subject | $1,865,000* List Price | 5 | 4 | 4,500 | $443 | - |
A 2452 Horse Shoe Canyon Canyon Road Active | $1,675,000 List Price | 5 | 5 | 3,325 | $504 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, the property appears to be in mostly original condition with no evidence of recent major renovations. While the home features desirable architectural elements like high ceilings and skylights, the kitchen and bathrooms are dated with 1980s-style cabinetry, tile countertops, and older fixtures. The listing's emphasis on 'potential' and being 'priced to sell fast' aligns with a property that is functional but requires significant cosmetic modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Views
Situated in the prestigious Mount Olympus area of the Hollywood Hills, this property offers breathtaking panoramic canyon and mountain views from a private, quiet end-street location.
- Significant Value-Add Potential
The inclusion of two joined parcels and a large basement with its own entry provides exceptional opportunities for expansion, ADU conversion, or custom development to increase equity.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13437, other record lot size in square feet = 5656. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4500, other record living area = 2639. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Potential Modernization Requirements
Built in 1989 and marketed as 'priced to sell fast,' the home likely requires cosmetic or structural updates to meet the luxury standards of contemporary Hollywood Hills estates.
- Hillside Accessibility
The property's location on a private end street in the canyons may present challenges regarding narrow road access and the typical maintenance costs associated with hillside parcels.
About 2579 Leicester Drive
Priced to sell fast. Opportunities like this don’t come often! Located in one of the most desirable pockets of the famous Hollywood Hills, Mount Olympus area. Between Laurel Canyon and Nichols Canyon, This beautiful home is tucked away on a quiet, private end street with amazing canyon views and a peaceful setting. The home features a great open floor plan, large open living area, open large kitchen, large rooms. High ceilings with skylights with lots of windows with views overlooking nature, canyons landscapes, sunsets, and the beautiful stars at night' the calm nature surroundings with close city access, giving you the best of both worlds. Lower level large basement room with its own entry. This home is a rare find where you can enjoy the peaceful beauty of canyon living while still being just minutes away from the Sunset Strip, major studios, and everything LA has to offer. Excellent opportunity Property has 2 joined parcels.. lots of potentials. Don't miss this one!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 13,437 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wonderland Avenue Elementary School
Grades K-5 • 0.5 mi
Valley View Elementary School
Grades K-6 • 1.6 mi
Gardner Street Elementary School
Grades K-6 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 84% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 4,500 | 2,327 | 92% |
| Lot Size | 13,437 | 7,669 | 78% |
| Price | $1.86M | $2.27M | 31% |
| Price per sq ft | $414 | $952 | 3% |
| Built year | 1989 | 1958 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 168 | 1% |
Pricing History
Listed for Sale
Feb 5, 2026
$1,865,000
Initial Listing
Sold
Dec 13, 1993
$350,000
Public Record