7868 Electra Drive, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 5 bath
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7868 Electra Drive
Los Angeles, California 90046
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
4,173Sq Ft
10,598Lot Size
Property Price
LIST PRICE$4,900,000
EST. MARKET VALUE
$5,317,853
7% BelowMARKET VALUE
SUMMARY
This Contemporary Mt. Olympus Estate is a Strong Value Opportunity, listed at $4,900,000—positioned well below the $5,317,853 Fair Market Value by 7%. This valuation gap offers $417,853 in Instant Equity. Featuring a Mint Condition Rating, the home includes a pool, spa, and panoramic ocean views. With a proven track record of $250,000 in annual rental revenue, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, income-producing lifestyle property in the heart of Los Angeles.
Estimated Market Value
$5,317,853+$417,853 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7868 Electra Drive Subject 4 bd · 5 ba · 4,173 sqft · $1,274 | $4,900,000* List Price | 4 | 5 | 4,173 | $1,274 | - |
A 7939 Hillside Avenue Sold 4 bd · 4 ba · 3,002 sqft · $1,166 · 0.3 mi | $3,500,000 | 4 | 4 | 3,002 | $1,166 | 0.3 mi |
B 1738 Nichols Canyon Road Active 5 bd · 4 ba · 3,924 sqft · $994 · 0.4 mi | $3,899,000 List Price | 5 | 4 | 3,924 | $994 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1999, the property has undergone a high-end contemporary renovation within the last 5 years. The kitchen and bathrooms feature modern minimalist cabinetry, stone finishes, and premium fixtures. The home is in mint condition, fully functional for high-end rentals, and requires no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Views and Location
Situated in the prestigious Mt. Olympus enclave, the property offers rare panoramic views spanning from the Hollywood Hills to the Pacific Ocean, providing a quintessential Los Angeles backdrop just moments from the Sunset Strip.
- Proven Revenue Generation
The property boasts a significant income-producing history, currently generating approximately $250,000 annually in rental revenue, making it an exceptional opportunity for investors or owners seeking to offset carrying costs.
- Celebrity Pedigree and Rare Amenities
Formerly owned by Paul Newman, this contemporary estate features a desirable indoor-outdoor flow and the rare hillside luxury of ample parking, combining historical prestige with modern functional convenience.
CONSRISKS & DEFICIENCIES
- Limited Recent Appreciation
The current list price of $4.9M is only a marginal increase over the 2022 sale price of $4.8M, suggesting the property may be reaching a pricing ceiling for its specific square footage and vintage in the current market.
- HOA Governance
Being located within an association requires a monthly fee and adherence to community-specific regulations, which may impose restrictions on future exterior modifications or specific usage compared to non-HOA hillside properties.
About 7868 Electra Drive
A stunning contemporary atop the city with panoramic views to the ocean. Formerly owned by Paul Newman the home is quietly sited in Mt. Olympus, only a moment from the Sunset strip and all the city has to offer. Public rooms on the ground level open to the pool and its western exposure baths the house in light throughout the day and offers unmatched sunsets. A primary suite with a wall of windows that frame the Hollywood Hills and the city below, and an ensuite bathroom with 2 walk in closets, a steam shower and soaking tub. In total 3 ensuite bedrooms upstairs, and a 4th bedroom/office on the ground level. The property also provides an opportunity for generating revenue; the current owner makes about $250,000 a year using it as a rental. Whether for you, or for a guest, it's the perfect home for entertaining, or retreating; easy access and the rarity of ample parking in hills - all located in the heart of the city. This is consummate Indoor-outdoor living at its finest - privacy and proximity - the best of life in LA.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 10,598 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 4,173 | 1,670.836 |
| Lot Size | 10,598 | 6,152.156 |
| Price | $4.90M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1999 | 1941 |
| HOA | $250.0 | $238 |
| Days on market | 17 | 56 |
Pricing History
Listed for Sale
Oct 23, 2026
$4,900,000
Initial Listing
Sold
Sep 6, 2022
$4,800,000
Public Record
Sold
Aug 11, 2020
$3,879,000
Public Record
Sold
Aug 15, 2017
$3,000,000
Public Record
Sold
Sep 30, 2004
$2,231,000
Public Record
Sold
Jul 29, 1997
$280,000
Public Record