8535 Walnut Drive, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 1 bath
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Los Angeles, California 90046
Analysis of 8535 Walnut Drive, Los Angeles, California 90046 is currently available with a list price of $850,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
This 1941 cottage is well-maintained but largely outdated, featuring a kitchen with older tile countertops and basic white appliances. While the hardwood floors and interior paint appear to be in decent condition, the bathroom fixtures and overall styling reflect an older era without recent major renovations. The listing's call to 'bring your vision' and 'reimagine' the space confirms that while livable, the property requires modernization to meet current quality standards.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
The property is located within the highly coveted Wonderland Avenue Elementary School district, a top-rated school that significantly bolsters long-term property value and appeal to families.
With a garage converted into a functional office and additional spacious storage under the house, the property maximizes its footprint to accommodate modern work-from-home needs.
At just 620 square feet with a 1-bedroom configuration, the limited interior space may challenge buyers looking for traditional family sizing or room for growth.
The conversion of the garage into an office space removes protected vehicle storage, which can be a logistical drawback in canyon neighborhoods where street parking is often narrow and restricted.
Tucked away in Historical Musical Laurel Canyon this quintessential cottage captures the soulful charm that defines canyon living. Reminiscent of a classic East Coast beach retreat, the home offers a serene setting and exceptional potential to create something truly special. The expansive backyard is a private sanctuary ideal for morning coffee, quiet afternoons, or alfresco evenings under the stars. The garage was converted to an office space . In addition there is a spacious storage space under the house . Bring your vision and reimagine this hidden gem into a bespoke canyon haven. Located in a close-knit community on Walnut Dr known for its legendary annual Halloween festivities, and just moments from the scenic trails of Kirkwood Bowl with sweeping canyon and city views without the Runyon crowds. Centrally positioned with easy access to the Studios, Hollywood, the Sunset Strip, and the Westside. An opportunity to own in the prestigious Wonderland School District makes this a rare offering in one of Los Angeles' most iconic neighborhoods.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
Grades K-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 620 | 2,338 | 1% |
| Lot Size | 2,982 | 7,611 | 4% |
| Price | $850.0K | $2.33M | 1% |
| Price per sq ft | $1.4K | $964 | 91% |
| Built year | 1941 | 1957 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 182 | 3% |
Mar 6, 2026
$850,000
Initial Listing
May 13, 2009
$445,000
Public Record