8494 Cole Crest Drive, Los Angeles, California 90046, Los Angeles, 90046 - 6 bed, 6 bath

8494 Cole Crest Drive, Los Angeles, California 90046 home-pic-0

8494 Cole Crest Drive

Los Angeles, California 90046

ACTIVE
CONDITION: FAIR
6Beds
6Baths
4,074Sq Ft
59,864Lot Size

Property Price

LIST PRICE$2,995,000

SUMMARY

Analysis of 8494 Cole Crest Drive, Los Angeles, California 90046 is currently available with a list price of $2,995,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1938 and marketed as a 'value-add' opportunity for investors, the property appears to be functional but significantly outdated. While the description highlights expansive views and a large lot, the emphasis on 'upside' and the need for 'capital investment to modernize' indicates that the kitchen, bathrooms, and major systems likely show signs of age and have not undergone a full renovation in recent decades.

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 = 59864, living area = 4074.

  • Great Schools

    Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).

  • Rare Expansive Lot

    Situated on a massive 1.37-acre lot, this property offers a level of privacy and scale that is exceptionally rare for the Hollywood Hills, providing significant development and value-add potential.

CONSRISKS & DEFICIENCIES

  • Difficult Pedestrian Access

    The property is accessed via 70 stairs from the street level, which presents a significant logistical challenge for daily convenience, moving furniture, and accessibility for certain buyers.

  • Significant Renovation Needs

    Dating back to 1938 and marketed as a value-add opportunity, the property likely requires substantial capital investment to modernize systems and finishes to meet current luxury standards.

About 8494 Cole Crest Drive

Private Hollywood Hills property set on a rare 1.37-acre lot above Sunset Plaza, offering strong upside and expansive views from Downtown Los Angeles to the Malibu coastline. With six bedrooms, six bathrooms, a pool, and no rental restrictions, this is a compelling opportunity for end users or investors looking to add value.The main house features a spacious open floor plan with a kitchen, living and dining areas, and laundry, all opening to an expansive wraparound deck and sweeping city-to-ocean views. A second living area includes two bedrooms, two bathrooms, and a full kitchen with direct west-facing views from the Marina to Catalina Island and Rancho Palos Verdes. A detached one-room casita sits near the pool and hot tub, ideal for a studio, gym, or private workspace.Accessed by 70 stairs from street level, the property offers notable privacy while remaining close to the Sunset Strip and Laurel Canyon.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1938
Lot Size
59,864 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Wonderland Avenue Elementary School

Grades K-5 • 0.9 mi

9/10

West Hollywood Elementary School

Grades K-5 • 1.1 mi

9/10

Gardner Street Elementary School

Grades K-6 • 1.4 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.03.0
99%
Baths6.03.0
94%
Square foot4,0742,327
89%
Lot Size59,8647,669
99%
Price$3.00M$2.33M
71%
Price per sq ft$735$952
18%
Built year19381958
29%
HOA$0$0
50%
Days on market53168
13%

Pricing History

Listed for Sale

Jan 12, 2026

$2,995,000

Initial Listing

Sold

Oct 24, 2005

$1,760,000

Public Record

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