8718 Crescent Drive, Los Angeles, California 90046, Los Angeles, 90046 - 3 bed, 2 bath
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Los Angeles, California 90046
This Updated Hillside Sanctuary is a Prime Investment Opportunity listed at $1,675,000—positioned well below the $1,719,790 Fair Market Value by 2%. This valuation gap offers $44,790 in Instant Equity. Boasting an Excellent Condition Rating, the home features a modernized kitchen with sage green cabinetry and wide-plank flooring. The expansive double-parcel lot provides rare privacy and unique amenities like a sauna and outdoor soaking tub. Located within the elite Wonderland Avenue Elementary district, this property is perfect for discerning professionals or Owner-Occupants seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8718 Crescent Drive Subject | $1,595,000* List Price | 3 | 2 | 1,398 | $1,087 | - |
A 8704 Hollywood Hills Road Sold | $1,999,000 | 3 | 2 | 1,431 | $1,397 | 0.2 mi |
B 2206 Sunset Crest Drive Sold | $1,950,000 | 3 | 2 | 1,500 | $1,300 | 0.3 mi |
C 8506 Magnolia Drive Sold | $1,435,000 | 1 | 2 | 1,548 | $927 | 0.6 mi |
D 8715 Skyline Drive Sold | $1,950,000 | 2 | 2 | 1,932 | $1,009 | 0.4 mi |
E 8329 Kirkwood Drive Active Under Contract | $1,499,000 List Price | 3 | 2 | 1,500 | $999 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1936, the property has undergone an extensive and stylish renovation within the last few years. The kitchen is fully modernized with sage green shaker-style cabinetry, high-end stainless steel appliances, and premium stone countertops. The interior features updated wide-plank flooring, contemporary light fixtures, and a well-maintained exposed-beam ceiling. The home is in move-in-ready condition with no signs of deferred maintenance in the living areas, effectively meeting the standards for a recently renovated excellent-grade property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8268, living area = 1398.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Spanning two adjacent parcels totaling approximately 17,856 square feet, this property offers rare expansive space and seclusion in the hills, providing significant potential for future development or a private natural sanctuary.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1398, other record living area = 910. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2025-07-21. The sold price is $940,000.00.
With only 1,398 square feet of living space for a three-bedroom layout, the interior may feel undersized for some buyers, particularly as the square footage includes an enclosed former balcony.
Tucked into the scenic hills of Laurel Canyon, this updated 3-bedroom, 2-bath home offers privacy, charm, and canyon living just minutes from the heart of Los Angeles. Originally built in 1936, the property spans two adjacent parcels (APN: 5563-017-027 and APN: 5563-017-026) totaling approximately 17,856 square feet, providing additional space and potential in a peaceful natural setting. The home features bright living spaces, including a living room with fireplace that was originally a balcony/patio and has since been enclosed, adding additional square footage and resulting in approximately 1,398 sq ft of living area. Outdoors, the property feels like a private retreat with winding pathways, an outdoor soaking tub, sauna, and established honey bee hives, offering a unique connection to the surrounding landscape. Located in one of Los Angeles' most iconic canyon communities, the home provides tranquil hillside living with convenient access to Hollywood, the Sunset Strip, and West Hollywood.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.5 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 1,398 | 2,338 | 12% |
| Lot Size | 8,268 | 7,612 | 56% |
| Price | $1.59M | $2.33M | 22% |
| Price per sq ft | $1.1K | $964 | 77% |
| Built year | 1936 | 1957 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 182 | 1% |
Apr 16, 2026
$1,595,000
$1,675,000
-5% Price Drop
Initial Listing
Mar 16, 2026
$1,675,000
Initial Listing
Jul 21, 2025
$940,000
Public Record