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8015 Hollywood Boulevard, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 2 bath

8015 Hollywood Boulevard, Los Angeles, California 90046 home-pic-0
ACTIVE$2,995,000
8015 Hollywood Boulevard, Los Angeles, California 90046
4Beds
2Baths
2,880Sqft
9,140Lot
Year Built
1921
Close
-
List price
$3M
Original List price
$3.5M
Price/Sqft
$1,040
HOA
-
Days on market
-
Sold On
-
MLS number
24400025
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.00M(71th), sqft - 2880(67th), beds - 4(67th), baths - 2(37th).

MAJOR PRICE IMPROVEMENT. Calling all Developers. Land Value Opportunity. Rare Street to Street lot, Zoned R3 Property with endless possibilities. Steps away from the famed Sunset Blvd. and Chateau Marmont. Sold as a tear down for lot value. Seller will NOT make any repairs or give any credits. Buyer is advised to do all investigation and due diligence regarding the Lot. Including zoning, building and city requirements. Seller will not allow any interior showings. Listing agent has never been permitted inside the property. No site unseen offers. Call listing agent to view property from exterior or drive-by. Do not go direct. Cash Buyers.

Nearby schools

7/10
Gardner Street Elementary School
Public,•K-6•0.7mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.2mi
9/10
West Hollywood Elementary School
Public,•K-5•1.6mi
8/10
Valley View Elementary School
Public,•K-6•2.0mi
7/10
Rio Vista Elementary School
Public,•K-5•3.1mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.9mi
8/10
Hawthorne Elementary School
Public,•K-8•2.8mi
6/10
Walter Reed Middle School
Public,•6-8•3.7mi
7/10
Fairfax Senior High School
Public,•9-12•1.3mi
6/10
Hollywood Senior High School
Public,•9-12•1.5mi
9/10
Beverly Hills High School
Public,•9-12•3.8mi
8/10
North Hollywood Senior High School
Public,•9-12•4.6mi
6/10
University Senior High School Charter
Public,•9-12•6.8mi
6/10
University Senior High School
Public,•9-12•6.8mi
Condition Rating
Tear down
The listing explicitly states, 'Sold as a tear down for lot value. Seller will NOT make any repairs or give any credits.' The property was built in 1921, making it over 100 years old, and there's no indication of major renovations. The exterior images show a severely dilapidated structure with cracked walls and overgrown vegetation, consistent with a property that is unlivable and whose value is solely in the land.
Pros & Cons

Pros

Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: Located steps away from the famed Sunset Blvd. and Chateau Marmont, offering exceptional access to high-demand amenities and a prestigious address.
Development Potential (R3 Zoning): Zoned R3, providing significant development opportunities for multi-family units or a larger single-family residence, maximizing land value.
Street-to-Street Lot: A rare street-to-street lot offers superior access and design flexibility for future development, enhancing its appeal to developers.
Generous Lot Size: With a lot size of 9,140 sqft, there is ample space for a substantial new construction project in a desirable area.
Major Price Improvement: The property has undergone a 'MAJOR PRICE IMPROVEMENT,' potentially offering a more attractive entry point for investors and developers.

Cons

Tear Down Condition: The property is explicitly sold as a 'tear down for lot value,' meaning the existing structure has no intrinsic value and requires costly demolition.
No Seller Concessions: The seller will not make any repairs or give any credits, placing the full burden of all necessary work and associated costs on the buyer.
Limited Access & Due Diligence Burden: No interior showings are permitted, and the listing agent has not been inside, requiring extensive buyer due diligence for zoning, building, and city requirements without full property inspection.

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