2630 Creston Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 2 bath
ACTIVE$8,882,000
2630 Creston Drive, Los Angeles, California 90068
3Beds
2Baths
1,786Sqft
13,641Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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 = 13641, living area = 1786.
Top Cons:
Outdated/Undersized Current Structure: The 1941-built, 1,786 sq. ft. residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.
Compared to the nearby listings
Price:$8.88M vs avg $1.86M (+$7,022,000)98%
Size:1,786 sqft vs avg 2,135 sqft33%
Price/sqft:$5.0K vs avg $87899%
More Insights
Built in 1941 (84 years old).
Condition: The property was built in 1941, making it over 80 years old. The listing description and property analysis explicitly state that the '1941-built, 1,786 sq. ft. residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.' The images provided are solely of the views, with no interior or exterior photos of the house itself, which is a strong indicator that the existing structure holds little value. The high list price and emphasis on 'Developers and Investors' and 'potential for a stunning 6,000 sq. ft. home' confirm that the value is in the land and its redevelopment potential, not the current dwelling.
Year Built
1941
Close
-
List price
$8.88M
Original List price
$7.9M
Price/Sqft
$4,973
HOA
-
Days on market
-
Sold On
-
MLS number
24377885
Home ConditionTear down
Features
Excellent View: City Lights, Coastline
ViewCity Lights,Coastline
About this home
Introducing an extraordinary opportunity for Buyers, Developers and Investors - Nestled in the heart of the Hollywood Hills, boasting views that promise to captivate your senses. Originally acquired in 1969, this cherished Family estate offers a rare chance to own a piece of history - Positioned on the most coveted street in the area, this property provides unparalleled vistas, overlooking panoramas, this oversized 13,000 sq. ft. lot presents endless possibilities, including the potential for a stunning 6,000 aq. ft. home. Embrace the enchantment of daily sunrises and sunsets in a symphony of natural beauty. Conveniently located just moments from Hollywood Blvd, yet secluded enough to enjoy tranquility, this address offers the best of both worlds. Nearby amenities include a local grocery store and a popular cafe for your daily needs, while hiking and biking trails are just a stroll away, leading to iconic landmarks like Lake Hollywood and the famed Hollywood Sign. For those seeking an exceptional lifestyle, this is your Golden Opportunity
Nearby schools
6/10
Cheremoya Avenue Elementary School
Public,•K-6•0.8mi
8/10
Valley View Elementary School
Public,•K-6•1.3mi
4/10
Selma Avenue Elementary School
Public,•K-6•1.3mi
4/10
Grant Elementary School
Public,•K-6•1.3mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•2.0mi
7/10
Gardner Street Elementary School
Public,•K-6•2.0mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•3.0mi
7/10
Rio Vista Elementary School
Public,•K-5•3.3mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.6mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.9mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.4mi
6/10
Walter Reed Middle School
Public,•6-8•4.3mi
6/10
Hollywood Senior High School
Public,•9-12•1.5mi
8/10
John Marshall Senior High School
Public,•9-12•2.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.1mi
7/10
Burroughs High School
Public,•9-12•3.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•4.5mi
8/10
North Hollywood Senior High School
Public,•9-12•5.0mi
Condition Rating
Tear down
The property was built in 1941, making it over 80 years old. The listing description and property analysis explicitly state that the '1941-built, 1,786 sq. ft. residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.' The images provided are solely of the views, with no interior or exterior photos of the house itself, which is a strong indicator that the existing structure holds little value. The high list price and emphasis on 'Developers and Investors' and 'potential for a stunning 6,000 sq. ft. home' confirm that the value is in the land and its redevelopment potential, not the current dwelling.
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 = 13641, living area = 1786.
Prime & Coveted Location: Situated on a highly sought-after street in the heart of the Hollywood Hills, offering both exclusivity and convenient access to Hollywood Blvd.
Panoramic City & Coastline Views: Boasts unparalleled panoramic views of city lights and the coastline, providing a captivating backdrop and enhancing property value.
Significant Development Potential: The oversized 13,641 sq. ft. lot presents a rare opportunity for developers to build a substantial luxury residence, potentially up to 6,000 sq. ft.
Large, Private Lot: An expansive 13,641 sq. ft. lot offers ample space for a grand estate, ensuring privacy and room for extensive landscaping or amenities in a dense urban area.
Exceptional Lifestyle & Recreational Access: Enjoy immediate access to local amenities like cafes and grocery stores, along with proximity to iconic hiking trails and landmarks such as Lake Hollywood and the Hollywood Sign.
Cons
Outdated/Undersized Current Structure: The 1941-built, 1,786 sq. ft. residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.
High Investment Threshold: The substantial list price of $8,882,000, coupled with the need for extensive development or renovation, requires a significant capital investment, narrowing the buyer pool.
Potential for Extensive Construction Project: Realizing the property's full potential (e.g., building a 6,000 sq. ft. home) implies a lengthy and complex construction project, including permits and design, which can be a deterrent for some buyers.