8494 Carlton Way, Los Angeles, California 90069, Los Angeles, 90069 - 3 bed, 3 bath
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8494 Carlton Way
Los Angeles, California 90069
ACTIVE
CONDITION: POOR
3Beds
3Baths
2,409Sq Ft
11,869Lot Size
Property Price
LIST PRICE$2,999,000
EST. MARKET VALUE
$3,041,564
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,999,000—positioned well below the $3,041,565 Fair Market Value by 1.4%. Featuring a Condition Rating of 5, this vintage midcentury estate on a Rare Double Lot requires a full renovation to unlock its potential. The inclusion of a Separate Pool House and City Light Views provides significant value-add upside. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking a premier Hollywood Hills project.
Estimated Market Value
$3,041,564
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 |
|---|---|---|---|---|---|---|
★ 8494 Carlton Way Subject | $2,999,000* List Price | 3 | 3 | 2,409 | $1,263 | - |
A 1775 N Crescent Heights Boulevard Pending | $2,499,000 List Price | 2 | 2 | 2,065 | $1,210 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1949 and off the market for over 30 years, this property is in original 'vintage' condition. The kitchen features dated cabinetry and appliances likely exceeding 40 years in age, and the listing explicitly suggests a need to 'restore or reimagine,' indicating that major systems and interior finishes require a full rehab.
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 = 11869, living area = 2409.
- Rare Double Lot
The property sits on an expansive 11,869 sqft double lot, providing exceptional privacy, mature landscaping, and a large pool area rarely found in the Hollywood Hills.
- Prime Location and Views
Situated in the prestigious Sunset Strip/Hollywood Hills West area, the home offers iconic city light and hill views in one of Los Angeles' most sought-after neighborhoods.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2409, other record living area = 1964.
- Dated Condition
Being on the market for the first time in decades, the home likely requires significant capital investment to update systems and finishes to modern luxury standards.
- High Entry Price for Fixer
At a list price of nearly $3 million, the cost of acquisition combined with necessary renovation expenses may limit the pool of buyers to developers or high-budget renovators.
About 8494 Carlton Way
First time on the market in over 30 years. A rare fixer project with unlimited potential, set on an exceptional double lot. This vintage midcentury property features city views, mature grounds, a large pool, and a private pool-level area with its own entrance, kitchen, and full bath. A unique opportunity to restore or reimagine in a highly desirable location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 11,869 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,409 | 1,664.159 |
| Lot Size | 11,869 | 6,066.556 |
| Price | $3.00M | $1.35M |
| Price per sq ft | $1.2K | $806 |
| Built year | 1949 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$2,999,000
Initial Listing
Sold
Dec 16, 1998
$725,000
Public Record