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7923 Electra Drive, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 5 bath

7923 Electra Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$3,180,000
7923 Electra Drive, Los Angeles, California 90046
4Beds
5Baths
4,000Sqft
28,943Lot

Price Vs. Estimate

The estimated value ($3,155,826.08) is $24,173.92 (0%) lower than the list price ($3,180,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated in the highly sought-after and renowned Mt Olympus area of Los Angeles, offering prestige and desirability within the Sunset Strip - Hollywood Hills West.
Top Cons:
Age of Property: Built in 1976, the property is nearly 50 years old. While described as 'meticulously designed,' the listing does not specify comprehensive modern renovations, which could imply dated systems or interior aesthetics requiring significant investment to meet current luxury standards.

Compared to the nearby listings

Price:$3.18M vs avg $2.27M (+$905,000)76%
Size:4,000 sqft vs avg 2,309 sqft86%
Price/sqft:$795 vs avg $98722%

More Insights

Built in 1976 (49 years old).
Condition: Despite being built in 1976, this property has undergone an extensive and high-quality renovation, bringing it to modern luxury standards. The kitchen features high-end, built-in Miele appliances, sleek dark wood cabinetry, and white quartz countertops, all appearing virtually new. Bathrooms are equally impressive with contemporary designs, including a freestanding tub and large format marble-look tiling. Hardwood floors, modern light fixtures, and updated finishes throughout the home indicate a recent renovation, likely within the last 5 years, ensuring all components meet current quality standards and are in excellent condition.
Year Built
1976
Close
-
List price
$3.18M
Original List price
$3.58M
Price/Sqft
$795
HOA
-
Days on market
-
Sold On
-
MLS number
WS25057637
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Pool
Spa
Patio
ViewMountain(s), Neighborhood

About this home

Located in the renowned Mt Olympus area of Los Angeles, this spectacular residence stands out for its unparalleled luxury and unique location. Spanning an impressive 0.66 acres, the estate boasts four bedrooms, 4.5 bathrooms, and a spacious 4,000 square feet of living space, offering the ultimate in comfort and privacy for discerning buyers. Every detail has been meticulously designed to ensure residents enjoy a high-quality lifestyle. Outdoors, a private swimming pool coupled with a stunning waterfall Jacuzzi provides a secluded paradise for relaxation and soaking up the Los Angeles sun. The backyard extends into the property’s own lush hillside, not only expanding the outdoor living space but also ensuring the home is surrounded by breathtaking natural beauty. The integration of indoor and outdoor design ensures that every room and bedroom is equipped with large windows, allowing residents to enjoy the magnificent mountain views from anywhere in the house. This estate not only offers a luxurious living experience but also creates a perfect retreat for those who appreciate nature and tranquility. This unique property is truly a dream for buyers seeking a distinctive lifestyle. Invite you to experience this perfect blend of natural beauty and modern luxury for yourself.

Price History

Date
Event
Price
05/05/00
Sold
$800,000
09/08/17
Sold
$3,370,000
03/06/14
Sold
$2,250,022
Condition Rating
Excellent
Despite being built in 1976, this property has undergone an extensive and high-quality renovation, bringing it to modern luxury standards. The kitchen features high-end, built-in Miele appliances, sleek dark wood cabinetry, and white quartz countertops, all appearing virtually new. Bathrooms are equally impressive with contemporary designs, including a freestanding tub and large format marble-look tiling. Hardwood floors, modern light fixtures, and updated finishes throughout the home indicate a recent renovation, likely within the last 5 years, ensuring all components meet current quality standards and are in excellent condition.
Pros & Cons

Pros

Prime Location: Situated in the highly sought-after and renowned Mt Olympus area of Los Angeles, offering prestige and desirability within the Sunset Strip - Hollywood Hills West.
Expansive Lot & Privacy: Spanning an impressive 0.66 acres with a lush hillside backyard, providing exceptional privacy and a serene natural setting.
Luxury Outdoor Amenities: Features a private swimming pool coupled with a stunning waterfall Jacuzzi, creating a secluded paradise for relaxation and entertainment.
Panoramic Mountain Views: Designed with large windows in every room and bedroom, ensuring magnificent mountain views are enjoyed from throughout the home.
Generous Living Space: Offers a spacious 4,000 square feet of living space with 4 bedrooms and 4.5 bathrooms, providing ample room for comfort and privacy.

Cons

Age of Property: Built in 1976, the property is nearly 50 years old. While described as 'meticulously designed,' the listing does not specify comprehensive modern renovations, which could imply dated systems or interior aesthetics requiring significant investment to meet current luxury standards.
Recent Price Reduction: A notable price drop from an original list price of $3.58M to $3.18M suggests the property may have been initially overpriced or has encountered difficulty attracting offers at its previous price point, potentially signaling market resistance.
Lack of Specific Interior Renovation Details: The description broadly mentions 'meticulously designed' and 'high-quality lifestyle' but lacks explicit details regarding recent updates to key interior areas like the kitchen, bathrooms, or major systems, which could lead to buyer uncertainty about the true extent of modernization.

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