8527 Hedges Way, Los Angeles, California 90069, Los Angeles, 90069 - 6 bed, 6 bath
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Los Angeles, California 90069
This property presents a Strong Value Opportunity with a List Price of $7,495,000—positioned well below the $8,144,548 Fair Market Value by 7%. This valuation gap offers $649,548 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires modernization, yet its massive 24,310 sqft lot and 270-degree panoramic views provide a rare foundation for a luxury estate. This is an ideal acquisition for Redevelopment Investors or Owner-Occupants seeking to customize a premier Sunset Strip promontory.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8527 Hedges Way Subject | $7,495,000* List Price | 6 | 6 | 5,055 | $1,611 | - |
A 1515 Blue Jay Way Sold | $6,400,000 | 4 | 4 | 3,482 | $1,838 | 0.6 mi |
B 8527 Hedges Way Active | $7,795,000 List Price | 6 | 6 | 5,055 | $1,542 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941 and marketed primarily as a redevelopment or 'reimagine' opportunity, the property is functionally dated despite cosmetic staging and some updated glass systems. The description suggests the kitchen and baths require refreshing to meet modern standards, placing it in the >20-year renovation category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24310, living area = 5055.
The property features extraordinary 270-degree vistas stretching from Downtown Los Angeles to the Pacific Ocean, offering some of the most coveted views in the city from nearly every room.
Situated on a massive 24,310 sqft promontory lot above the Sunset Strip, this site provides a rare opportunity for a full-scale redevelopment or a custom luxury estate build in an iconic location.
Built in 1941 and marketed as a redevelopment opportunity, the home likely requires substantial capital investment to modernize its systems and finishes to meet current luxury standards.
As a property that has been adjoined and modified over decades, the layout may lack the cohesive flow and open-concept design preferred by modern high-end buyers.
A remarkable opportunity to fully redevelop, remodel, reimagine or build anew! Or, move in today and refresh over time to own a spectacular view estate perched above the famed Sunset Strip with incredible 270-degree views, among the very best in LA, that stretch from downtown to the Pacific. The possibilities are endless in this coveted, iconic locale! Up a gated, private driveway, the property wraps around its own promontory to provide dazzling vistas from multiple vantage points, balconies, patios, and nearly every room. Enjoy the pleasure of optimal indoor/outdoor flow from the foyer, bar/salon, formal living room, dining room, and bedrooms, each opening to a vast wraparound terrace. Dine-al fresco, entertain under the stars, or lounge poolside amidst striking panoramas that must be seen to be believed. The primary suite includes a bathroom with jetted tub, separate glass shower, and dual-sink vanity, giving way to a bonus living area, gym, or dance studio with skylights and fireplace. The kitchen is replete with custom cabinetry and cooktop with hood. A nearby breakfast room connects to the guest wing which was previously a separate structure and has been adjoined to the main house to create a shared lounge with patio access. The guest house offers its own separate patio, fireplace, wet bar, dining area, and kitchen, perfect for an end-user who wants to refresh and/or utilize the space for ADU income potential or short-term vacation rentals (buyer to verify local requirements). Welcome to an incredible location just moments to the area's very best shopping, fine dining, entertainment, nightlife, and so much more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 5,055 | 1,672 |
| Lot Size | 24,310 | 6,067 |
| Price | $7.50M | $1.37M |
| Price per sq ft | $1.5K | $801 |
| Built year | 1941 | 1939 |
| HOA | $0 | $348 |
| Days on market | 20 | 56 |
Jul 2, 2026
$7,495,000
Initial Listing