8509 Crescent Drive, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 5 bath
8509 Crescent Drive
Los Angeles, California 90046
Property Price
SUMMARY
Analysis of 8509 Crescent Drive, Los Angeles, California 90046 reveals a property with a current list price of $2,199,000, which is 29% above the estimated $1,549,259 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8509 Crescent Drive Subject | $2,199,000* List Price | 4 | 5 | 2,408 | $643 | - |
A 8374 Yucca Trail Sold | $2,050,000 | 4 | 4 | 2,250 | $911 | 0.8 mi |
B 8280 Grand View Drive Sold | $2,231,000 | 2 | 3 | 2,309 | $966 | 0.8 mi |
C 8716 Hollywood Hills Rd Active | $2,395,000 List Price | 4 | 4 | 2,598 | $922 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1947, this property has undergone an exquisite and meticulous renovation, evident in the modern, high-end finishes throughout. The kitchen features new white oak floors, quartz countertops, custom cabinetry, and professional-grade stainless steel appliances. Bathrooms are spa-like with contemporary fixtures, including a freestanding tub and glass-enclosed showers. All components appear new or virtually new, reflecting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Panoramic Canyon Vistas
The property offers stunning panoramic canyon, hills, and mountain views from floor-to-ceiling windows, the primary suite, and outdoor entertaining areas, significantly enhancing its appeal.
- Exquisitely Remodeled Smart Home
Meticulously upgraded as a 'Hollywood Hills smart home,' it features a sophisticated blend of modern comfort with high-end finishes like white oak floors, quartz countertops, custom cabinetry, professional-grade appliances, security cameras, and a surround sound system.
CONSRISKS & DEFICIENCIES
- Original Construction Year (1947)
Despite extensive remodeling, the property's original build year of 1947 may raise concerns about underlying infrastructure (e.g., plumbing, electrical, foundation) not explicitly mentioned as fully updated, potentially leading to future maintenance or higher insurance costs.
- Automated Valuation Discrepancy
The automated property estimation value is significantly lower than the current listing price (-29%), which could indicate a potential overpricing by market standards or challenge in justifying the price to some buyers or lenders, despite unique features.
- Absence of Explicit Central Air Conditioning
While described as a 'smart home,' the listing does not explicitly mention a central air conditioning system, which is a standard expectation for luxury properties in Los Angeles, potentially impacting comfort during warmer months.
About 8509 Crescent Drive
Perched above the tree-tops in prime Laurel Canyon, this exquisitely remodeled Hollywood Hills smart home was meticulously upgraded and offers a sophisticated blend of elegance and modern comfort. The spacious open floor plan features an abundance of natural light, with floor to ceiling windows and doors that perfectly frame the panoramic canyon vistas. The main living level features a large open floor plan living, kitchen and dining area, outfitted with white oak floors, quartz countertops, custom cabinetry, integrated shadow base moldings and professional-grade stainless steel appliances. Additional highlights include two ground floor en-suite bedrooms, a guest powder room, security cameras and surround sound system. The upper level boasts a hotel-style primary suite, complete with dual walk-in closets and a spa-like ensuite bathroom with double vanity, shower and sumptuous bathtub with views of the canyons. Two en-suite bedrooms and serene roof-top terraces complete the second floor. Designed to entertain, the outdoor spaces offer a seamless flow inside, and are equipped with a built-in grill and a number of dining and lounge areas - all positioned to enjoy the expansive views. Located near the desirable Wonderland Elementary School, the home offers a convenient location moments from the heart of the Sunset Strip and dining, leisure and entertainment on Ventura Blvd.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 4,433 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 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 • 0.1 mi
West Hollywood Elementary School
Grades K-5 • 1.7 mi
Gardner Street Elementary School
Grades K-6 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 5.0 | 3.0 | 78% |
| Square foot | 2,408 | 2,327 | 52% |
| Lot Size | 4,433 | 7,552 | 10% |
| Price | $2.20M | $2.27M | 43% |
| Price per sq ft | $913 | $952 | 42% |
| Built year | 1947 | 1958 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 779 | 168 | 0% |
Pricing History
Sold
Jun 24, 2024
$2,096,000
Public Record
Sold
Jul 29, 2019
$990,000
Public Record
Sold
Feb 18, 2000
$360,000
Public Record
Sold
Dec 24, 1998
$1,000
Public Record
Sold
Nov 25, 1998
$1,000
Public Record
Sold
Oct 14, 1998
$1,000
Public Record