8249 Marmont Lane, Los Angeles, California 90069, Los Angeles, 90069 - 4 bed, 4 bath

8249 Marmont Lane, Los Angeles, California 90069 home-pic-0
ACTIVE$5,499,000
8249 Marmont Lane, Los Angeles, California 90069
4Beds
4Baths
3,501Sqft
9,114Lot
Year Built
1921
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,571
HOA
-
Days on market
-
Sold On
-
MLS number
25477353
Home ConditionExcellent
Features
Deck
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $5.50M(75th), sqft - 3501(62th), beds - 4(54th), baths - 4(50th).

This 1921 Spanish mini compound is enviably situated just three homes away from the legendary Chateau Marmont Hotel. Recently exquisitely remodeled with elegance, style, and a taste of Tulum, Mexico, the property consists of a three-bedroom main house and a separate one-bedroom guest house. Downstairs is a spacious cook's kitchen (with pro-style appliances and walk-in, climatized wine cellar) opening to a warm and cheery dining room with fireplace and a cozy lounge area; large, light-filled living room with fireplace; and a den/media room. All rooms open to the spectacular, lushly manicured grounds. Downstairs are two guest bedrooms; the masterful upstairs primary suite features dual walk-in closets and a broad open-air terrace. Enjoy phenomenal entertaining options with five distinct outdoor destinations. The pool area is perfect for sunbathing and swimming, while the firepit area provides a snuggly spot for cooler evenings. A large bar area is ideal for hosting lively gatherings with friends. The dining area is perfect for large al fresco dinner parties, and the lounge area offers a space to relax and unwind in style. This exceptionally private, gated property ensures complete security and boasts off-street parking for up to seven vehicles. Homes proximate to the Chateau have been known to benefit by room service from, and access to, the pool, restaurant, and bar at the Chateau Marmont -- the best club in town you can't otherwise join.

Price History

Date
Event
Price
06/19/17
Sold
$3,200,000
12/13/04
Sold
$2,595,000
06/17/03
Sold
$1,500,000
08/23/00
Sold
$1,250,000
Condition Rating
Excellent

Despite being built in 1921, the property has been 'recently exquisitely remodeled' with a modern 'Tulum, Mexico' aesthetic. The images confirm high-end finishes throughout, including a spacious cook's kitchen with pro-style stainless steel appliances, unique modern cabinetry, concrete-style countertops, and contemporary light fixtures. Bathrooms feature integrated sinks, modern fixtures, and consistent stylish design. The flooring is a distinctive, high-quality patterned concrete/tile. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Prime Location & Exclusive Access: Enviably situated just three homes from the legendary Chateau Marmont Hotel, offering potential for exclusive services like room service and access to the hotel's pool, restaurant, and bar.
Exquisite Recent Remodel: Recently exquisitely remodeled with elegance, style, and a taste of Tulum, Mexico, ensuring modern aesthetics and high-quality finishes throughout.
Separate Guest House: Includes a separate one-bedroom guest house, providing versatility for visitors, a home office, or additional living space.
Extensive Outdoor Entertainment: Features five distinct outdoor destinations, including a pool area, firepit, large bar area, dining area, and lounge, ideal for lavish entertaining and relaxation.
Luxury Amenities & Ample Parking: Boasts a spacious cook's kitchen with pro-style appliances and a climatized wine cellar, a masterful primary suite with dual walk-in closets, and off-street parking for up to seven vehicles.

Cons

Lack of Views: The property description explicitly states 'view: None,' which is a significant drawback in the Hollywood Hills market where panoramic city or canyon views are highly sought after and common among comparable properties.
Significant Overpricing: The current listing price is 31% higher than the property's estimated value, suggesting a potential overvaluation compared to market data and recent sales of similar homes.
Age of Original Construction: Despite a recent remodel, the property's original construction date of 1921 may raise concerns for some buyers regarding underlying infrastructure or potential maintenance needs not fully addressed by cosmetic updates.

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