2630 Creston Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 2 bath
2630 Creston Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 2630 Creston Drive, Los Angeles, California 90068 is currently available with a list price of $8,882,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
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 residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.'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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- Outdated/Undersized Current Structure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 residence is likely outdated and undersized for the lot's potential, suggesting significant renovation or a complete rebuild is necessary.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.
About 2630 Creston Drive
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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 13,641 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.8 mi
Valley View Elementary School
Grades K-6 • 1.3 mi
Selma Avenue Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 1,786 | 2,352 | 31% |
| Lot Size | 13,641 | 6,973 | 80% |
| Price | $8.88M | $1.90M | 98% |
| Price per sq ft | $5.0K | $882 | 99% |
| Built year | 1941 | 1950 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 697 | 176 | 0% |
Pricing History
No pricing history data available.