8723 Lookout Mountain Avenue, Los Angeles, California 90046, Los Angeles, 90046 - 3 bed, 3 bath

8723 Lookout Mountain Avenue
Los Angeles, California 90046
Property Price
SUMMARY
Analysis of 8723 Lookout Mountain Avenue, Los Angeles, California 90046 reveals a Fairly Priced Property with a current list price of $1,900,000 aligned with the estimated $1,844,689 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8723 Lookout Mountain Avenue Subject | $1,900,000* List Price | 3 | 3 | 1,425 | $1,295 | - |
A 2044 Stanley Hills Drive Active | $1,395,000 List Price | 2 | 2 | 1,298 | $1,075 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this property is well within the 10-year threshold for an excellent rating. It features high-end modern finishes including wide-plank flooring, vaulted ceilings with exposed beams, and a contemporary kitchen with a quartz island. The bathrooms are updated with artisan tile and double vanities, and the overall construction and systems are virtually new and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Modern 2019 Construction
As a newer build, the home features contemporary architectural elements like vaulted ceilings and high-end finishes, offering a turnkey experience rare for the area.
- Coveted School District
The property is situated just moments from the top-rated Wonderland Avenue Elementary School, making it a highly desirable location for families.
CONSRISKS & DEFICIENCIES
- High Price Per Square Foot
With only 1,425 square feet of living space at a $1.9M price point, the property carries a premium valuation that may challenge appraisal expectations.
- Limited Lot Size
The 3,000 square foot lot is relatively compact for the Hollywood Hills, potentially limiting outdoor expansion or extensive private garden space.
About 8723 Lookout Mountain Avenue
Set above the city and fully grounded in nature, this Laurel Canyon retreat brings a sense of calm the moment you enter.The main level opens into a vaulted great room where natural light pours across wide-plank floors and a wood beam draws the eye toward sweeping canyon views. A wall of glass frames the landscape and opens to a spacious dining terrace, the go-to spot for grilling, morning coffee, or slow evenings under the stars. The kitchen's deep green island, quartz counters, and open flow make cooking and gathering feel relaxed and intuitive. Two bedrooms and two full bathrooms anchor the main level, while the lower-level primary suite feels like its own private wing with direct access to the landscaped yard. Sliding doors open to mature greenery, layered hardscape, and a serene outdoor setting that extends the living space. The ensuite bath includes a double vanity, oversized mirror, and walk-in shower with artisan tile. Moments from Wonderland Elementary, this is a polished, indoor-outdoor home designed for both everyday ease and canyon calm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wonderland Avenue Elementary School
Grades K-5 • 0.4 mi
West Hollywood Elementary School
Grades K-5 • 1.4 mi
Gardner Street Elementary School
Grades K-6 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,425 | 2,312 | 18% |
| Lot Size | 3,000 | 7,552 | 7% |
| Price | $1.90M | $2.27M | 33% |
| Price per sq ft | $1.3K | $954 | 88% |
| Built year | 2019 | 1958 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 168 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,900,000
Initial Listing
Sold
Jun 26, 2020
$1,710,000
Public Record
Sold
Apr 20, 2018
$850,000
Public Record
Sold
Mar 31, 2004
$530,000
Public Record












