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

8723 Lookout Mountain Avenue, Los Angeles, California 90046 home-pic-0

8723 Lookout Mountain Avenue

Los Angeles, California 90046

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,425Sq Ft
3,000Lot Size

Property Price

LIST PRICE$1,900,000
EST. MARKET VALUE
$1,844,689

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

$1,844,689
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
8723 Lookout Mountain Avenue
Subject
$1,900,000*
List Price
331,425$1,295-
A
2044 Stanley Hills Drive
Active
$1,395,000
List Price
221,298$1,0750.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

9/10

West Hollywood Elementary School

Grades K-5 • 1.4 mi

9/10

Gardner Street Elementary School

Grades K-6 • 1.9 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,4252,312
18%
Lot Size3,0007,552
7%
Price$1.90M$2.27M
33%
Price per sq ft$1.3K$954
88%
Built year20191958
95%
HOA$0$0
50%
Days on market8168
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

Browse Properties by State Browse housing market trends by state