
Los Angeles, California 90069
This property presents a High-Potential Investment Opportunity with a List Price of $2,900,000—positioned above the $2,697,904 Fair Market Value. While the current Condition Rating of 4 reflects an aging interior, the site offers massive upside through a proposed 1,700 sq. ft. expansion and ADU addition. With panoramic city views and a prime location near the Sunset Strip, this asset is a blank canvas for a luxury compound. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build significant long-term equity.
Rare Hollywood Hills development opportunity. 8230 Hollywood Blvd offers panoramic city views, massive expansion potential, and prime access to the Sunset Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8230 Hollywood Boulevard Subject | $2,900,000* List Price | 3 | 2 | 2,742 | $984 | - |
A 8715 Sunset Plaza Terrace Active | $2,725,000 List Price | 3 | 3 | 3,088 | $882 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948 with interior renovations (kitchen/baths) that appear to be over 20 years old based on the dated granite countertops and tile work. While functional and move-in ready, the listing description explicitly suggests the property is a candidate for a major renovation or reimagining as a modern compound.
The property offers an extraordinary vantage point with sweeping views stretching from the Griffith Observatory and Downtown Los Angeles to the Pacific Ocean.
Preliminary analysis suggests the ability to add approximately 1,700 square feet of living space plus a separate two-bedroom ADU, providing a massive value-add opportunity.
Situated in a storied neighborhood near the Chateau Marmont, the property combines secluded hillside privacy with a rare eight-minute walkability to the Sunset Strip.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2421, other record living area = 2742.
The original 1948 mid-century residence likely requires a complete overhaul or substantial reimagining to meet modern luxury standards.
All expansion concepts and the creation of a private compound are subject to rigorous city approvals, engineering, and governmental reviews, which can be complex and time-consuming.
Your Place in Hollywood History Along the last mile of Hollywood Boulevard, winding through the West Hollywood Hills above the Sunset Strip, an irreplaceable hillside property awaits its next steward. This discreet and storied stretch has been home to generations of Hollywood luminaries, artists, filmmakers, entrepreneurs and cultural figures. For nearly 80 years, 8230 Hollywood Boulevard has occupied a privileged position above it all. Part sentinel, part sanctuary, the home has enjoyed a bird's-eye view of Hollywood history as it unfolded below. What distinguishes the property cannot be recreated through renovation or new construction. It is the position itself: embedded in the Hollywood Hills directly above the Sunset Strip, with an outlook that has remained extraordinary for generations. From here, Los Angeles reveals itself in full. The view stretches across Hollywood to Griffith Observatory and the San Gabriel Mountains; east toward Downtown Los Angeles; south across the Wilshire corridor; and west along the Sunset Strip toward the airport and, on a clear day, the Pacific Ocean. The existing mid-century residence could be thoughtfully renovated while preserving its essential character, or more substantially reimagined as a sophisticated modern hillside retreat. The soils have been evaluated, and preliminary planning analysis suggests the opportunity to create a substantial private compound. Current analysis indicates the potential to add approximately 1,700 square feet within the available Residential Floor Area allowance, together with a separate two-bedroom accessory dwelling unit. A basement may provide additional space beyond the above-ground potential, while a pool and expansive exterior living areas could add another 1,000 square feet or more for entertaining, dining and recreation, all designed around the property's elevation, privacy and panoramic outlook. All concepts remain subject to final architectural design, engineering, governmental review and City approval. This is the chance to create an architectural compound in one of Los Angeles' most recognizable hillside settings. The property also sits within a neighborhood of uncommon cultural and social history, positioned between the Sunset Strip, Laurel Canyon and the enduring orbit of the Chateau Marmont. For all its elevation and privacy, Sunset Boulevard is only an eight-minute walk away. It is a place where neighbors can become friends and where life in the hills can still lead to Christmas drinks, poolside gatherings and the spontaneous encounters that have always made this corner of Los Angeles unlike anywhere else. It can become a home, a haven and an architectural statement and an opportunity to steward an irreplaceable piece of Hollywood history with a front-row view of the city's next century.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,742 | 1,664.159 |
| Lot Size | 7,074 | 6,066.556 |
| Price | $2.90M | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 29 | 55 |
Aug 11, 2026
$2,900,000
Initial Listing
Apr 6, 2018
$2,000,000
Public Record