9279 Sierra Mar Drive, Los Angeles, California 90069, Los Angeles, 90069 - 2 bed, 2 bath
ACTIVE$3,999,999
9279 Sierra Mar Drive, Los Angeles, California 90069
2Beds
2Baths
2,231Sqft
10,068Lot
Year Built
1941
Close
-
List price
$4M
Original List price
$5.7M
Price/Sqft
$1,793
HOA
-
Days on market
-
Sold On
-
MLS number
25482237
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Hills, Mountain(s), Ocean, Panoramic
Deck
Pool
Spa
Patio
ViewCity Lights,Coastline,Hills,Mountain(s),Ocean,Panoramic
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,6 Pros. Rank: price - $4.00M(54th), sqft - 2231(32th), beds - 2(16th), baths - 2(14th).
CALLING ALL OFFERS. Designer done home on an elevated flat pad with huge views in the Lower Bird Streets. Minutes from the world famous Sunset Strip. Gated and private. A+ location and views in the Hollywood Hills. Permitted plans available separately.
Price History
Date
Event
Price
10/18/07
Sold
$2,400,000
Condition Rating
Excellent
Despite being built in 1941, the property is described as 'designer done,' indicating a recent and extensive high-end renovation. This implies that the kitchen and bathrooms feature modern, top-of-the-line appliances, fixtures, and finishes, meeting current luxury standards. The overall quality, style, and features are virtually new, with no deferred maintenance, aligning with the 'excellent' criteria for a property extensively renovated within the last 5 years.
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 = 10068, living area = 2231.
Premier Location: Situated in the highly coveted Lower Bird Streets, offering unparalleled access to the world-famous Sunset Strip and its amenities.
Exceptional Panoramic Views: Boasts expansive panoramic views including city lights, coastline, hills, mountains, and ocean, a significant value driver in the Hollywood Hills.
Designer Finishes: Described as 'designer done,' indicating a high level of aesthetic quality and modern interior styling.
Privacy and Security: The property is gated and private, providing an exclusive and secure living environment.
Development Potential: Availability of permitted plans offers a clear path for future expansion or customization, enhancing long-term value.
Cons
Significant Valuation Discrepancy: The current list price is substantially higher (29% above) than the property's estimated value, potentially indicating an aggressive pricing strategy or market resistance.
Limited Accommodation: With only 2 bedrooms and 2 bathrooms for 2,231 sqft, the property may appeal to a narrower buyer pool compared to larger luxury homes typically found in this exclusive neighborhood.
Property Age: Built in 1941, the older construction, despite cosmetic updates, could present challenges related to infrastructure, maintenance, or energy efficiency compared to newer builds.