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

8494 Cole Crest Drive
Los Angeles, California 90046
Property Price
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
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1938 and marketed as a 'value-add' opportunity for investors, the property appears to be functional but significantly outdated.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
West Hollywood Elementary School
Grades K-5 • 1.1 mi
Gardner Street Elementary School
Grades K-6 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 6.0 | 3.0 | 94% |
| Square foot | 4,074 | 2,327 | 89% |
| Lot Size | 59,864 | 7,669 | 99% |
| Price | $3.00M | $2.33M | 71% |
| Price per sq ft | $735 | $952 | 18% |
| Built year | 1938 | 1958 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 168 | 13% |
Pricing History
Listed for Sale
Jan 12, 2026
$2,995,000
Initial Listing
Sold
Oct 24, 2005
$1,760,000
Public Record






























