RealKey
‪(213) 433-7766‬

8506 Magnolia Drive, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath

8506 Magnolia Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$1,525,000
8506 Magnolia Drive, Los Angeles, California 90046
2Beds
2Baths
1,548Sqft
4,672Lot
Year Built
1962
Close
-
List price
$1.52M
Original List price
$1.75M
Price/Sqft
$985
HOA
-
Days on market
-
Sold On
-
MLS number
25536957
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Hills
Deck
ViewCity Lights,Coastline,Hills

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 4 Cons,6 Pros. Rank: price - $1.52M(25th), sqft - 1548(25th), beds - 2(21th), baths - 2(37th).

Priced to sell! Celebrity Owned Hideaway with Panoramic Ocean-to-City Views Now over 200K below appraisal. Escape to this architectural retreat perched above the Sunset Strip, where walls of glass frame sweeping views of the city skyline, Pacific Ocean, Catalina, and beyond. This home delivers unmatched value and views in one of L.A.'s most sought-after hillside enclaves. Blending sleek, contemporary design with natural serenity, this open-concept home features soaring ceilings with a seamless indoor-outdoor flow throughout. The expansive primary suite occupies its own floor a luxurious retreat complete with floor-to-ceiling windows, spa-like bath, freestanding soaking tub, and glass-enclosed shower. Entertain or unwind on multiple terraces with frameless glass railings that preserve the jaw-dropping views. Smart home upgrades include motorized blinds and a built-in projection system. While officially listed as a 2-bedroom (easily restored), the current layout lives as a modern, light-filled 1BR suite with voluminous living spaces. A manicured path leads to a private backyard oasis perfect for a peaceful lounge, hillside garden, or future expansion. Sale includes two parcels (TMK 5556 015 058 & 5556 015 059).

Nearby schools

9/10
Wonderland Avenue Elementary School
Public,•K-5•0.8mi
9/10
West Hollywood Elementary School
Public,•K-5•1.1mi
7/10
Gardner Street Elementary School
Public,•K-6•1.5mi
8/10
Valley View Elementary School
Public,•K-6•2.4mi
7/10
Rio Vista Elementary School
Public,•K-5•3.1mi
8/10
Hawthorne Elementary School
Public,•K-8•2.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.6mi
6/10
Walter Reed Middle School
Public,•6-8•3.5mi
7/10
Fairfax Senior High School
Public,•9-12•1.6mi
6/10
Hollywood Senior High School
Public,•9-12•2.2mi
9/10
Beverly Hills High School
Public,•9-12•3.4mi
8/10
North Hollywood Senior High School
Public,•9-12•4.4mi
6/10
University Senior High School Charter
Public,•9-12•6.2mi
6/10
University Senior High School
Public,•9-12•6.2mi

Price History

Date
Event
Price
10/21/25
Sold
$1,435,000
06/08/15
Sold
$1,200,000
10/25/13
Sold
$800,000
Condition Rating
Excellent
Despite being built in 1962, this property has undergone an extensive, high-quality renovation, evident in its 'sleek, contemporary design' and 'Smart home upgrades.' The kitchen features modern, minimalist white cabinetry and integrated appliances, while the primary bath boasts a 'spa-like' freestanding soaking tub and glass-enclosed shower. All visible components, including the grey-toned wood-look flooring, recessed lighting, and modern fixtures, appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Exceptional Panoramic Views: The property boasts 'sweeping views of the city skyline, Pacific Ocean, Catalina, and beyond' from an elevated position above the Sunset Strip, significantly enhancing its desirability and value.
Prime & Exclusive Location: Situated in 'one of L.A.'s most sought-after hillside enclaves,' offering prestige and a desirable lifestyle with proximity to the Sunset Strip.
Modern Architectural Design & Features: Described as an 'architectural retreat' with 'sleek, contemporary design,' 'open-concept,' 'soaring ceilings,' 'seamless indoor-outdoor flow,' and 'Smart home upgrades' like motorized blinds and a built-in projection system.
Luxurious Primary Suite: Features an 'expansive primary suite' occupying its own floor, complete with 'floor-to-ceiling windows, spa-like bath, freestanding soaking tub, and glass-enclosed shower,' providing a high-end private sanctuary.
Development Potential & Dual Parcels: Includes a 'private backyard oasis' suitable for 'future expansion' and is sold with 'two parcels,' offering significant potential for customization or increased property value.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-10-21. The sold price is $1,435,000.00.
Significant Overpricing Relative to Estimated Value: The current list price of $1.525M is substantially higher (approximately 41% higher) than the provided property estimation of $1.08M, which may deter potential buyers or indicate a challenging negotiation.
Limited Current Bedroom Configuration: Although officially a 2-bedroom, the property currently functions as a 1-bedroom suite, which might not meet the needs of all buyer demographics, despite being 'easily restored'.
Potential Hillside Property Challenges: As a home 'perched above the Sunset Strip' in a hillside enclave, it may present inherent challenges such as complex access, potential for specialized maintenance (e.g., retaining walls, drainage), and higher insurance costs, which are common for such terrains.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state