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8700 Hollywood Boulevard, Los Angeles, California 90069, Los Angeles, 90069 - 4 bed, 5 bath

8700 Hollywood Boulevard, Los Angeles, California 90069 home-pic-0
ACTIVE$7,995,000
8700 Hollywood Boulevard, Los Angeles, California 90069
4Beds
5Baths
4,036Sqft
6,919Lot
Year Built
1931
Close
-
List price
$8M
Original List price
$8M
Price/Sqft
$1,981
HOA
-
Days on market
-
Sold On
-
MLS number
24445049
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Ocean
Deck
Pool
Spa
ViewCity Lights,Hills,Ocean

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $8.00M(83th), sqft - 4036(71th), beds - 4(54th), baths - 5(59th).

Stunning Spanish contemporary villa hovering over the Sunset Strip with drop-dead panoramic city & ocean views from every room. Interiors by Commune, this 3-story private estate hosts an open floor plan with a step-down living room w/a fireplace, gourmet kitchen, studio, exquisite bathrooms & massive entertainment room that spans the entire length of the home. Two-story spiral staircase w/ skylight leads to bedrooms, including a large private primary suite overlooking the lights of LA. Perched on the hills with explosive views, the enormous wrap-around tile deck features an infinity pool, spa, and covered entertaining area. "Welcome to Hollywood" the most iconic street in the world.

Price History

Date
Event
Price
03/26/08
Sold
$4,690,000
03/09/06
Sold
$4,050,000
Condition Rating
Excellent
Despite its 1931 build year, this property has undergone an extensive, high-end 'Spanish contemporary' renovation, as explicitly stated with 'Interiors by Commune' and visually confirmed by the images. The gourmet kitchen boasts professional-grade stainless steel appliances, custom light grey/green shaker cabinets, luxurious marble/quartzite countertops, and a modern farmhouse sink. Bathrooms appear exquisite with contemporary fixtures and finishes. All visible components, including dark hardwood flooring, stylish light fixtures, and the outdoor infinity pool and entertainment area, are new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Unrivaled Panoramic Views: The property boasts 'drop-dead panoramic city & ocean views from every room,' offering a highly coveted and premium visual experience.
Iconic & Prime Location: Situated on '8700 Hollywood Boulevard' and 'hovering over the Sunset Strip,' this address is synonymous with luxury and prestige in a globally recognized location.
Designer Interiors & Architectural Style: Featuring 'Interiors by Commune' and described as a 'Stunning Spanish contemporary villa,' the property offers unique, high-end design and aesthetic appeal.
Exceptional Outdoor Entertainment: The 'enormous wrap-around tile deck features an infinity pool, spa, and covered entertaining area,' ideal for the luxury California lifestyle.
Luxury Amenities & Layout: The home includes a 'gourmet kitchen,' 'massive entertainment room,' 'private primary suite,' and an 'open floor plan' with a 'two-story spiral staircase w/ skylight,' catering to sophisticated tastes.

Cons

Significant Overpricing: The current listing price of $7,995,000 is 16% higher than the estimated property value of $6,685,964, potentially impacting market appeal and negotiation leverage.
Age of Construction: Built in 1931, despite contemporary updates, the property's original construction year may raise concerns about underlying infrastructure (e.g., plumbing, electrical) that could require future investment.
Hillside & Multi-Story Accessibility: Being 'perched on the hills' and a '3-story' estate with a 'spiral staircase' could present accessibility challenges for some buyers and potentially higher maintenance costs associated with hillside properties.

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