8221 Monteel Road, Los Angeles, California 90069, Los Angeles, 90069 - 2 bed, 4 bath

8221 Monteel Road, Los Angeles, California 90069 home-pic-0
ACTIVE$2,980,000
8221 Monteel Road, Los Angeles, California 90069
2Beds
4Baths
2,094Sqft
6,694Lot

Price Vs. Estimate

The estimated value ($2,825,732.735) is $154,267.265 (5%) lower than the list price ($2,980,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Iconic Views: Perched above the iconic Chateau Marmont, offering panoramic vistas from Downtown Los Angeles to the Westside, including city lights and landmark views.
Top Cons:
Limited Bedroom Count: With only two bedrooms, the property may not accommodate larger families or those requiring more private rooms, despite its expansive lot and potential.

Compared to the nearby listings

Price:$2.98M vs avg $3.40M ($-420,000)42%
Size:2,094 sqft vs avg 3,000 sqft25%
Price/sqft:$1.4K vs avg $1.2K70%

More Insights

Built in 1947 (78 years old).
Condition: Despite being built in 1947, this property has clearly undergone extensive and high-quality recent renovations, aligning with the 'Excellent' criteria for a fully renovated home. The chef's kitchen boasts modern stainless steel appliances, including double ovens and two dishwashers, contemporary wood countertops, and stylish cabinetry, all appearing virtually new. The description highlights 'luxurious soaking tubs' in the en-suite master bathrooms, indicating recent, high-end updates. Throughout the visible areas, the flooring consists of well-maintained hardwood and large-format tile/stone, complemented by modern light fixtures and recessed lighting. The overall aesthetic is contemporary and move-in ready, with no visible deferred maintenance. The property's 'turnkey' appeal and the quality of the visible updates strongly suggest a comprehensive renovation within the last 5 years, bringing it to current quality standards.
Year Built
1947
Close
-
List price
$2.98M
Original List price
$2.98M
Price/Sqft
$1,423
HOA
-
Days on market
-
Sold On
-
MLS number
25600549
Home ConditionExcellent
Features
Excellent View: City Lights, Landmark, Panoramic
Deck
Patio
ViewCity Lights,Landmark,Panoramic

About this home

Perched on a beautiful lot above the iconic Chateau Marmont, this splendidly proportioned two-bedroom home is primed for both comfortable living and exceptional entertaining. The expansive, sunlit living room is framed by paned French doors that open seamlessly to the deck, while the dining room boasts dual built-in wine storage areas perfect for the collector or entertainer. The chef's kitchen features wood countertops, stainless steel appliances including double ovens and two dishwashers, and a large central island for gatherings. Upstairs, two master-sized bedrooms each offer en-suite bathrooms with luxurious soaking tubs; one enjoys a private deck with sweeping views. Outside, the home's bohemian spirit shines. A one-of-a-kind outdoor entertaining area is artfully designed with a gallery of mirrors, soaring sails, and expansive decks that capture vistas stretching from Downtown Los Angeles to the Westside. With a 2-car garage and the rare opportunity to acquire the adjoining lot together totaling over 14,000 square feet this offering presents the chance to create an iconic double-lot compound. Architectural plans by renowned Japanese architect group OSO envision a world-class oasis, making this a builder's dream in a location that is nothing short of legendary. In addition to being a spectacular primary residence, the property also functions as an outstanding rental or Airbnb opportunity, with its iconic location, flexible entertaining spaces, and furnished turnkey appeal.

Price History

Date
Event
Price
03/10/99
Sold
$349,000
03/29/19
Sold
$2,650,000
Condition Rating
Excellent

Despite being built in 1947, this property has clearly undergone extensive and high-quality recent renovations, aligning with the 'Excellent' criteria for a fully renovated home. The chef's kitchen boasts modern stainless steel appliances, including double ovens and two dishwashers, contemporary wood countertops, and stylish cabinetry, all appearing virtually new. The description highlights 'luxurious soaking tubs' in the en-suite master bathrooms, indicating recent, high-end updates. Throughout the visible areas, the flooring consists of well-maintained hardwood and large-format tile/stone, complemented by modern light fixtures and recessed lighting. The overall aesthetic is contemporary and move-in ready, with no visible deferred maintenance. The property's 'turnkey' appeal and the quality of the visible updates strongly suggest a comprehensive renovation within the last 5 years, bringing it to current quality standards.
Pros & Cons

Pros

Prime Location & Iconic Views: Perched above the iconic Chateau Marmont, offering panoramic vistas from Downtown Los Angeles to the Westside, including city lights and landmark views.
Exceptional Outdoor Entertaining: Features a one-of-a-kind, artfully designed outdoor area with expansive decks, a gallery of mirrors, and soaring sails, perfect for grand entertaining.
Gourmet Chef's Kitchen: Equipped with high-end stainless steel appliances, double ovens, two dishwashers, wood countertops, and a large central island, ideal for culinary enthusiasts.
Development & Expansion Potential: Rare opportunity to acquire an adjoining lot, totaling over 14,000 sqft, with architectural plans by renowned OSO for a world-class compound.
Luxurious Master Suites & Turnkey Appeal: Two master-sized bedrooms each boast en-suite bathrooms with soaking tubs, private decks, and the property is offered furnished and turnkey, suitable for rental income.

Cons

Limited Bedroom Count: With only two bedrooms, the property may not accommodate larger families or those requiring more private rooms, despite its expansive lot and potential.
Age of Original Structure: Built in 1947, while updated, the core structure's age could imply potential for older systems or maintenance requirements not explicitly detailed as renovated.
Specialized Outdoor Maintenance: The unique and elaborate outdoor entertaining area, with its mirrors and sails, may require specialized or higher maintenance compared to conventional outdoor spaces.

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