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1881 Mount Olympus Drive, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 3 bath

1881 Mount Olympus Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$3,750,000
1881 Mount Olympus Drive, Los Angeles, California 90046
4Beds
3Baths
2,689Sqft
15,614Lot
Year Built
1976
Close
-
List price
$3.75M
Original List price
$3.75M
Price/Sqft
$1,395
HOA
-
Days on market
-
Sold On
-
MLS number
CV25042319
Home ConditionExcellent
Features
Excellent View: Canyon
Deck
Spa
ViewCanyon

About this home

Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.75M(83th), sqft - 2689(63th), beds - 4(67th), baths - 3(50th).

Perched in the prestigious West Hollywood Hills, this fully remodeled home offers the perfect blend of modern luxury and low-maintenance living. Move-in ready, this stunning residence boasts high-end finishes throughout, a thoughtfully designed layout, and breathtaking hillside views. The private, gated yard features artificial grass for effortless upkeep, creating a lush, green space year-round. Relax and unwind in not one but two large in-ground jacuzzi tubs, perfect for soaking in the serene surroundings. With sleek, contemporary design and an unbeatable location just moments from the best of West Hollywood, this home is an exceptional opportunity for those seeking style, comfort, and convenience. Don't miss out—schedule your showing today!

Price History

Date
Event
Price
08/16/19
Sold
$1,650,000
12/18/13
Sold
$1,400,000
11/14/01
Sold
$685,454
Condition Rating
Excellent
The property, built in 1976, has been 'fully remodeled' with 'high-end finishes throughout' and boasts a 'sleek, contemporary design,' as stated in the description. The images confirm a modern aesthetic with updated kitchen appliances (stainless steel, integrated look), contemporary cabinetry, modern light fixtures, and clean, consistent flooring (likely wood or large format tile/laminate) throughout the main living areas. Bathrooms also appear fully renovated with modern vanities, tiling, and fixtures. The overall condition suggests a recent, extensive renovation, aligning with the 'excellent' criteria of being extensively renovated within 5 years, meeting current quality standards with no deferred maintenance.
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 = 15614, living area = 2689.
Prime Location: Perched in the prestigious West Hollywood Hills, this home offers an unbeatable location just moments from the best of West Hollywood, providing high desirability and convenience.
Fully Remodeled & Modern Design: The property is fully remodeled with high-end finishes throughout and boasts a sleek, contemporary design, offering a move-in ready modern luxury experience.
Low-Maintenance Living: The private, gated yard features artificial grass for effortless upkeep, contributing to a low-maintenance lifestyle.
Luxury Amenities: The residence includes two large in-ground jacuzzi tubs, providing a luxurious space for relaxation and unwinding.
Breathtaking Hillside Views: The property offers breathtaking hillside views of the canyon, enhancing its aesthetic appeal and living experience.

Cons

Significant Price Discrepancy: The listing price of $3.75 million is substantially higher than the estimated property value of $2.78 million, indicating a potential overvaluation compared to market data.
Age of Original Construction: Despite being fully remodeled, the home was originally built in 1976, meaning the underlying structure and potentially some core systems are nearly 50 years old, which could be a concern for some buyers.
Lack of a Swimming Pool: While featuring jacuzzis, the property description does not mention a swimming pool, which is a common and often expected luxury amenity in this price range and location, potentially limiting its appeal to some buyers.

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