RealKey
‪(213) 433-7766‬

8718 Crescent Drive, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 1 bath

8718 Crescent Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$1,200,000
8718 Crescent Drive, Los Angeles, California 90046
2Beds
1Bath
910Sqft
17,856Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 17856, living area = 910.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-07-21. The sold price is $940,000.00.

Compared to the nearby listings

Price:$1.20M vs avg $2.27M ($-1,075,000)14%
Size:910 sqft vs avg 2,250 sqft9%
Price/sqft:$1.3K vs avg $98787%

More Insights

Built in 1936 (89 years old).
Condition: The property was built in 1936, making it 88 years old. The images clearly show severely outdated kitchen and bathroom facilities, including old cabinetry, fixtures, and flooring, indicating no major renovations have taken place in many decades (likely over 50 years). The listing description explicitly frames the property as a 'development opportunity' and states the existing structure 'likely requires extensive renovation or demolition,' aligning perfectly with the 'tear-down' criteria where the value is primarily in the land and redevelopment potential.
Year Built
1936
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,319
HOA
-
Days on market
-
Sold On
-
MLS number
SB25042613
Home ConditionTear down
Features
Good View: Canyon, Hills
Deck
ViewCanyon, Hills

About this home

Located in the heart of the coveted Laurel Canyon neighborhood, 8718 Crescent Drive offers a unique opportunity to develop in the coveted Hollywood Hills neighborhood. Built in 1936, this 910-square-foot residence is situated on an expansive 17,856-square-foot lot, providing ample space for potential development. Separated into 6 lots, take your pick on developing across all lots or splitting to build on each one. This sale includes two parcels (APN: 5563-017-027 & APN: 5563-017-026) totaling 17,856 sqft of land with an existing house. The property has a serene canyon view, enhancing its tranquil ambiance. The expansive lot presents numerous possibilities, whether you're looking to renovate the existing structure, build a new home, or explore other development opportunities. The property's location in the Wonderland School District adds to its appeal, offering access to quality education. Conveniently located near the Sunset Strip and the vibrant heart of Hollywood, this home provides easy access to a variety of dining, shopping, and entertainment options. The Laurel Canyon community is renowned for its rich history and artistic heritage, offering a unique living experience in Los Angeles. This property presents a rare opportunity to own a piece of Los Angeles history in a prime location. Whether you're an investor, developer, or homeowner seeking a project, 8718 Crescent Drive is a property worth considering.

Nearby schools

9/10
Wonderland Avenue Elementary School
Public,•K-5•0.4mi
9/10
West Hollywood Elementary School
Public,•K-5•1.5mi
7/10
Gardner Street Elementary School
Public,•K-6•1.9mi
8/10
Valley View Elementary School
Public,•K-6•2.5mi
7/10
Rio Vista Elementary School
Public,•K-5•2.7mi
8/10
Hawthorne Elementary School
Public,•K-8•2.5mi
6/10
Walter Reed Middle School
Public,•6-8•2.9mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•2.2mi
6/10
Hollywood Senior High School
Public,•9-12•2.7mi
9/10
Beverly Hills High School
Public,•9-12•3.7mi
8/10
North Hollywood Senior High School
Public,•9-12•3.9mi
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
07/21/25
Sold
$940,000
Condition Rating
Tear down
The property was built in 1936, making it 88 years old. The images clearly show severely outdated kitchen and bathroom facilities, including old cabinetry, fixtures, and flooring, indicating no major renovations have taken place in many decades (likely over 50 years). The listing description explicitly frames the property as a 'development opportunity' and states the existing structure 'likely requires extensive renovation or demolition,' aligning perfectly with the 'tear-down' criteria where the value is primarily in the land and redevelopment potential.
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 = 17856, living area = 910.
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Exceptional Development Potential: The expansive 17,856 sqft lot, separated into 6 potential lots across two parcels, offers significant opportunities for renovation, new construction, or multi-unit development.
Prime Hollywood Hills Location: Situated in the highly coveted Laurel Canyon neighborhood, offering proximity to the Sunset Strip, Hollywood's vibrant entertainment, dining, and shopping.
Generous Lot Size: An impressive 17,856 sqft lot provides ample space and flexibility for various development visions in a high-demand area.
Serene Canyon Views: The property boasts tranquil canyon and hills views, contributing to a desirable and peaceful living environment.
Desirable School District: Located within the highly-rated Wonderland School District, appealing to families seeking quality education.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-21. The sold price is $940,000.00.
Small, Aging Existing Structure: The current 910 sqft residence, built in 1936, is undersized for the lot and likely requires extensive renovation or demolition, adding to project costs.
Significant Investment Required: Positioned as a development opportunity or project, the property demands substantial additional investment beyond the purchase price for renovation, new construction, or infrastructure.
Complexity of Multi-Lot Development: While offering potential, developing across multiple lots can involve complex zoning, permitting, and regulatory challenges, potentially extending timelines and increasing costs.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state