8527 Hedges Way, Los Angeles, California 90069, Los Angeles, 90069 - 6 bed, 6 bath

8527 Hedges Way, Los Angeles, California 90069 home-pic-0
ACTIVE$7,995,000
8527 Hedges Way, Los Angeles, California 90069
6Beds
6Baths
5,055Sqft
24,310Lot
Year Built
1941
Close
-
List price
$8M
Original List price
$8M
Price/Sqft
$1,582
HOA
-
Days on market
-
Sold On
-
MLS number
25516641
Home ConditionFair
Features
Excellent View: City Lights, Coastline, Mountain(s), Ocean, Panoramic
Pool
Patio
ViewCity Lights,Coastline,Mountain(s),Ocean,Panoramic

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $8.00M(83th), sqft - 5055(80th), beds - 6(94th), baths - 6(72th).

Presenting a remarkable opportunity 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. Move in today and refresh over time or fully redevelop, remodel, reimagine, or build anew. 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.

Condition Rating
Fair

Built in 1941, the property's age and the listing description explicitly stating 'refresh over time or fully redevelop, remodel, reimagine' indicate it is not a recently renovated, turn-key modern home. While the general living areas appear clean and well-maintained with some cosmetic updates (fresh paint, recessed lighting, modern staging), core elements like the parquet flooring and traditional fireplace suggest an older aesthetic. Crucially, there are no images of the kitchen or bathrooms, which, combined with the vague descriptions ('custom cabinetry,' 'jetted tub, separate glass shower, and dual-sink vanity'), strongly implies these key areas are functional but likely dated and would require significant updates to meet current luxury standards. The property is aged but maintained, fitting the 'Fair' criteria of requiring minor updates or repairs, with major components showing signs of being outdated.
Pros & Cons

Pros

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 = 24310, living area = 5055.
Unparalleled Panoramic Views: The property boasts incredible 270-degree views, among the very best in Los Angeles, stretching from downtown to the Pacific Ocean, enhancing its luxury appeal and value.
Prime Sunset Strip Location: Perched above the famed Sunset Strip in a coveted, iconic locale, the property offers immediate access to the area's best shopping, fine dining, entertainment, and nightlife.
Significant Redevelopment Potential: The property presents a rare opportunity for a buyer to refresh, remodel, reimagine, or fully redevelop, offering endless possibilities to create a bespoke luxury estate.
Private & Gated Promontory Setting: Accessed via a gated, private driveway, the estate wraps around its own promontory, ensuring exclusivity, privacy, and maximized vistas from multiple vantage points.
Versatile Guest House / ADU Potential: A dedicated guest wing, previously a separate structure, offers its own amenities and patio, providing excellent potential for ADU income or a private retreat for guests.

Cons

Age of Construction: Built in 1941, the property's age suggests potential for dated infrastructure, systems, and design elements that may not align with contemporary luxury standards without significant investment.
Significant Valuation Gap: The listing price of $7,995,000 is substantially higher than the estimated property value of $6,757,591.77, indicating a potential overvaluation relative to current market comparables.
Extensive Renovation/Redevelopment Required: While offering potential, the description implies the property is not a turn-key luxury estate and will require considerable additional investment for modernization or complete redevelopment to meet high-end buyer expectations.

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