8655 Appian Way, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath
ACTIVE$1,700,000
8655 Appian Way, Los Angeles, California 90046
2Beds
2Baths
1,559Sqft
18,958Lot
Year Built
1962
Close
-
List price
$1.7M
Original List price
$2M
Price/Sqft
$1,090
HOA
-
Days on market
-
Sold On
-
MLS number
IV25092979
Home ConditionPoor
Features
Excellent View: Canyon
Deck
ViewCanyon
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.70M(28th), sqft - 1559(25th), beds - 2(21th), baths - 2(37th).
Location, Location, Location! Home in prime West Sunset Hollywood Area. Ideal for Experience Investor or Contractor. Views are priceless. 3 bedrooms 2.5 bathrooms . 1 bedroom with master bathroom in the main level along with kitchen and 1/2 bathroom. 2 more bedrooms upstairs that share a huge jack and Jill bathroom.
Nearby schools
9/10
Wonderland Avenue Elementary School
Public,•K-5•0.5mi
9/10
West Hollywood Elementary School
Public,•K-5•1.3mi
7/10
Gardner Street Elementary School
Public,•K-6•1.7mi
8/10
Valley View Elementary School
Public,•K-6•2.4mi
7/10
Rio Vista Elementary School
Public,•K-5•2.9mi
8/10
Hawthorne Elementary School
Public,•K-8•2.4mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.9mi
6/10
Walter Reed Middle School
Public,•6-8•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•2.0mi
6/10
Hollywood Senior High School
Public,•9-12•2.5mi
9/10
Beverly Hills High School
Public,•9-12•3.6mi
8/10
North Hollywood Senior High School
Public,•9-12•4.0mi
6/10
University Senior High School Charter
Public,•9-12•6.3mi
6/10
University Senior High School
Public,•9-12•6.3mi
Price History
Date
Event
Price
02/25/21
Sold
$750,000
07/31/02
Sold
$400,000
Condition Rating
Poor
The property, built in 1962, is explicitly marketed as 'Ideal for Experience Investor or Contractor,' indicating it requires extensive work. Images reveal exposed subflooring throughout, a completely gutted kitchen with only a wrapped dishwasher, and an unfinished bathroom. While some walls are painted and a mini-split AC unit is visible, the lack of functional kitchen, finished flooring, and complete bathrooms means the property is not move-in ready and requires substantial repairs and rehabilitation to be livable.
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 = 18958, living area = 1559.
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: The property is situated in a highly desirable and prime West Sunset Hollywood Area, offering excellent access and prestige within Los Angeles.
Priceless Canyon Views: The listing explicitly highlights 'Views are priceless' and confirms 'Canyon' views, a premium feature that significantly enhances the property's appeal and potential value.
Significant Lot Size: With a generous lot size of 18,958 sqft, the property offers substantial space for potential expansion, extensive landscaping, or a complete redevelopment, which is a rare asset in this area.
High Value-Add Potential: Marketed as 'Ideal for Experience Investor or Contractor,' this property presents a considerable opportunity for significant value creation through renovation, modernization, or a custom new build.
Functional Layout: The home features a practical layout with a master bedroom and a half bathroom on the main level, alongside two additional bedrooms upstairs sharing a Jack and Jill bathroom, offering versatile living arrangements.
Cons
Extensive Renovation Required: The property is explicitly positioned for an 'Investor or Contractor,' indicating it is not move-in ready and will require substantial capital investment for modernization, repairs, or a complete overhaul to realize its full potential.
Potential Overpricing: The current list price of $1.7M is significantly higher than the property's estimated value of $1.275M and its last sale price of $750,000 in 2021, suggesting it may be overpriced given its implied condition and age.
Outdated Systems and Aesthetics: Built in 1962, the home is over 60 years old, which typically implies outdated systems (electrical, plumbing, HVAC) and finishes that will necessitate considerable updates to meet contemporary standards and buyer expectations.