8555 Hollywood Boulevard, Los Angeles, California 90069, Los Angeles, 90069 - 3 bed, 4 bath

8555 Hollywood Boulevard, Los Angeles, California 90069 home-pic-0
ACTIVE$4,449,000
8555 Hollywood Boulevard, Los Angeles, California 90069
3Beds
4Baths
2,761Sqft
9,490Lot
Year Built
1961
Close
-
List price
$4.45M
Original List price
$4.7M
Price/Sqft
$1,611
HOA
-
Days on market
-
Sold On
-
MLS number
25513929
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Hills, Ocean, Panoramic
Deck
Pool
ViewCity Lights,Canyon,Hills,Ocean,Panoramic

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.45M(62th), sqft - 2761(42th), beds - 3(50th), baths - 4(50th).

Welcome to this exceptional contemporary home located in the prestigious Hollywood Hills with jaw dropping panoramic views from Downtown Los Angeles to the Ocean. This 2761 square foot 3 bed/3.5ba home features a luxurious primary suite located upstairs with floor to ceiling windows, 3 fireplaces, and an expansive deck. The chef's kitchen is enhanced with Viking and Sub-Zero appliances and a large walk in pantry with separate wine storage. Downstairs includes 2 ensuite large bedrooms and a secondary family room, all opening to the outdoor lower deck leading to a private pool surrounded by lush greenery. Private 2 car garage with driveway parking for 2 additional cars. Located just moments away from hip and trendy dining on Sunset Blvd and luxury shopping on Melrose Place, this remarkable property provides an amazing lifestyle with breathtaking views in one of Los Angeles' most sought-after neighborhoods.

Price History

Date
Event
Price
02/14/05
Sold
$2,750,000
03/29/04
Sold
$1,386,000
Condition Rating
Excellent

Despite being built in 1961, this property has clearly undergone an extensive and high-quality contemporary renovation. The kitchen features top-of-the-line Viking and Sub-Zero appliances, modern flat-panel cabinetry, marble countertops, and sleek design, appearing virtually new. The bathrooms are equally impressive with modern floating vanities, vessel sinks, large glass-enclosed showers with rain heads, soaking tubs, and stylish mosaic tiling, all indicative of recent updates. Throughout the home, modern recessed lighting and what appears to be new hardwood flooring contribute to an 'excellent' overall condition. While central air conditioning is not explicitly mentioned, the caliber of the renovation strongly suggests that all major systems have been updated to current standards.
Pros & Cons

Pros

Panoramic Views: The property boasts 'jaw dropping panoramic views from Downtown Los Angeles to the Ocean,' a highly desirable and value-adding feature in the Hollywood Hills.
Prime Location: Located in the prestigious Hollywood Hills, it offers convenient access to 'hip and trendy dining on Sunset Blvd and luxury shopping on Melrose Place,' placing it in one of Los Angeles' most sought-after neighborhoods.
High-End Chef's Kitchen: The chef's kitchen is well-appointed with 'Viking and Sub-Zero appliances' and includes a 'large walk in pantry with separate wine storage,' appealing to discerning buyers.
Luxurious Primary Suite & Functional Layout: Features a 'luxurious primary suite located upstairs with floor to ceiling windows' and '2 ensuite large bedrooms and a secondary family room' downstairs, providing a well-designed and comfortable living space.
Private Outdoor Amenities: Includes an 'expansive deck' and a 'private pool surrounded by lush greenery,' along with a 'private 2 car garage with driveway parking for 2 additional cars,' enhancing lifestyle and convenience.

Cons

Significant Overpricing Relative to Estimation: The current list price of $4.449M is substantially higher than the estimated value of $3.365M (a -24% estimation ratio), suggesting it may be overpriced compared to market data and recent comparable sales.
Age of Construction: Built in 1961, the property's underlying structure is over 60 years old. While described as contemporary, this age can imply potential for outdated systems or higher maintenance costs if not fully renovated to modern standards.
Absence of Central Air Conditioning: The description highlights multiple fireplaces but does not mention a cooling system. In the Los Angeles climate, the lack of central air conditioning could be a significant comfort and value detractor, potentially requiring a substantial investment for installation.

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