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8506 Magnolia Drive, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 2 bath

8506 Magnolia Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$1,495,000
8506 Magnolia Drive, Los Angeles, California 90046
1Bed
2Baths
1,548Sqft
8,480Lot
Year Built
1962
Close
-
List price
$1.5M
Original List price
$1.52M
Price/Sqft
$966
HOA
-
Days on market
-
Sold On
-
MLS number
25567395
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Ocean
Deck
ViewCity Lights,Mountain(s),Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(23th), sqft - 1548(25th), beds - 1(4th), baths - 2(37th).

Improved price to sell quickly! Beautiful slice of the Hollywood Hills. Celebrity Owned Hideaway with panoramic ocean-to-city views 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). Video tour: https://vimeo.com/1069803280

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
08/08/25
Price Change
$1,495,000
07/18/25
Listing
$1,525,000
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 modern renovation. The description highlights 'sleek, contemporary design,' 'spa-like bath,' and 'smart home upgrades.' Images confirm a virtually new interior with modern flooring, recessed lighting, a luxurious bathroom featuring a freestanding tub and glass shower, and contemporary fixtures throughout. The overall aesthetic and features meet current quality standards, indicating an excellent condition.
Pros & Cons

Pros

Panoramic Ocean-to-City Views: The property boasts stunning panoramic views of the city skyline, Pacific Ocean, and Catalina Island from its elevated position, significantly enhancing its desirability.
Prime Hollywood Hills Location: Situated in a 'sought-after hillside enclave' above the Sunset Strip, offering exclusivity, prestige, and a celebrity-owned cachet.
Exceptional Value Proposition: Listed 'over 200K below appraisal,' presenting a compelling financial opportunity and 'unmatched value' for its location and features.
Modern Architectural Design & Smart Home Features: Features a 'sleek, contemporary design' with 'open-concept' living, soaring ceilings, walls of glass, and smart home upgrades including motorized blinds and a built-in projection system.
Luxurious Primary Suite & Outdoor Living: Includes an 'expansive primary suite' occupying its own floor with a spa-like bath, freestanding soaking tub, and multiple terraces with frameless glass railings for entertaining and enjoying the views.

Cons

Current 1-Bedroom Configuration: While officially listed as a 2-bedroom, the current layout functions as a 1-bedroom suite, potentially limiting its appeal to a broader market seeking more dedicated bedrooms.
Implied Renovation for Additional Bedroom: Although the second bedroom is described as 'easily restored,' this implies an additional cost and effort for a buyer who requires more than one bedroom.
Lack of Explicit Cooling System: The description highlights smart home upgrades but does not explicitly mention a cooling system (e.g., central AC), which could be a significant consideration in Los Angeles's warm climate, especially with extensive glass.

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