8518 Walnut Drive, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath
8518 Walnut Drive
Los Angeles, California 90046
Property Price
SUMMARY
Analysis of 8518 Walnut Drive, Los Angeles, California 90046 reveals a Prime Investment Opportunity with a current list price of $1,200,000—significantly undercutting the $1,288,529 Fair Market Value by 6%. This valuation gap indicates a +$88,529 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 8518 Walnut Drive Subject | $1,200,000* List Price | 2 | 2 | 1,556 | $828 | - |
A 8944 Wonderland Avenue Sold | $1,257,500 | 2 | 2 | 1,361 | $924 | 0.7 mi |
B 8730 Wonderland Avenue Sold | $1,235,000 | 2 | 3 | 1,415 | $873 | 0.7 mi |
C 8328 Kirkwood Drive Sold | $1,225,000 | 2 | 3 | 1,386 | $884 | 0.2 mi |
D 8441 Ridpath Drive Sold | $997,000 | 2 | 2 | 1,060 | $941 | 0.1 mi |
E 1905 Weepah Way Pending | $1,495,000 List Price | 4 | 3 | 1,705 | $877 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1964, the property has undergone extensive recent renovations, featuring a brand-new chef's kitchen with vaulted ceilings and high-end finishes. The interior is move-in ready with new bamboo flooring throughout and fresh paint, meeting the criteria for a home extensively renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Elite School District
Nestled in a quiet Laurel Canyon cul-de-sac, this property is zoned for the prestigious Wonderland Avenue Elementary School (Rating 9), a major value driver for families and long-term appreciation.
- Modernized Chef's Kitchen
The home features a brand-new, high-end cook's kitchen with vaulted ceilings, offering a contemporary aesthetic and an airy feel that serves as a standout centerpiece for the residence.
CONSRISKS & DEFICIENCIES
- Limited Parking Infrastructure
The property relies on a two-car carport rather than a fully enclosed garage, which may be a drawback for buyers prioritizing vehicle security or additional enclosed storage.
- Compact Lot Size
With a lot size of only 3,000 square feet, the outdoor space is relatively small and primarily terraced, which may not appeal to those seeking large, flat yard areas for recreation.
About 8518 Walnut Drive
Classic Laurel Canyon 3 bedroom, 2 bathroom cul-de-sac home with huge front deck, shaded rear patio and terraced gardens. The house is freshly painted with bamboo floors throughout the living spaces. Third bedroom has a separate entrance. Sparkling brand-new cook's kitchen with vaulted ceiling. Two-car carport.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 • 0.7 mi
West Hollywood Elementary School
Grades K-5 • 1.2 mi
Gardner Street Elementary School
Grades K-6 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,556 | 2,312 | 24% |
| Lot Size | 3,000 | 7,552 | 7% |
| Price | $1.20M | $2.27M | 12% |
| Price per sq ft | $771 | $952 | 22% |
| Built year | 1964 | 1958 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 168 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,200,000
Initial Listing