8527 Hedges Way, Los Angeles, California 90069, Los Angeles, 90069 - 6 bed, 6 bath
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Los Angeles, California 90069
This Sunset Strip Redevelopment Asset is a Strong Value Opportunity, listed at $7,795,000—positioned well below the $8,505,352 Fair Market Value by 8%. This valuation gap offers $710,352 in Instant Equity for a strategic renovation. While currently holding a Condition Rating of 4, the property features a massive 24,310 sqft promontory lot with 270-degree panoramic views, a pool, and a guest house. This high-upside estate is a premier acquisition for Luxury Developers or Owner-Users looking to build a world-class legacy home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8527 Hedges Way Subject | $7,795,000* List Price | 6 | 6 | 5,055 | $1,683 | - |
A 1515 Blue Jay Way Sold | $6,400,000 | 4 | 4 | 3,482 | $1,838 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, this property is primarily marketed as a redevelopment or major remodel opportunity, which typically indicates that while functional, the systems and aesthetics are significantly outdated. The listing mentions the ability to 'move in today and refresh over time,' suggesting it is habitable and maintained, but the kitchen and bathroom features—such as the jetted tub and custom cabinetry—reflect older design trends that do not meet modern luxury standards. The property shows signs of age consistent with a home that has not undergone a full-scale renovation in the last 15 to 30 years.
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 boasts rare 270-degree vistas stretching from Downtown Los Angeles to the Pacific Ocean, visible from nearly every interior room and the expansive wraparound terraces.
Situated in a highly coveted and iconic Hollywood Hills West locale, the estate offers immediate access to world-class shopping, fine dining, and premier entertainment.
Built in 1941, the home is marketed as a redevelopment opportunity, suggesting that the current finishes and systems likely require significant capital investment to meet modern luxury standards.
At a list price of nearly $7.8 million, the cost of acquisition is high for developers or end-users who must still budget for a comprehensive renovation or total rebuild.
Building or expanding on a promontory in the Hollywood Hills often involves rigorous geological requirements and strict zoning regulations that can increase development timelines and costs.
Presenting 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 6.0 | 4.0 | 81% |
| Square foot | 5,055 | 2,580 | 83% |
| Lot Size | 24,310 | 7,299 | 90% |
| Price | $7.79M | $3.27M | 86% |
| Price per sq ft | $1.5K | $1.2K | 76% |
| Built year | 1941 | 1949 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 199 | 10% |
Feb 2, 2026
$7,795,000
Initial Listing