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8581 Cole Crest Drive, Los Angeles, California 90046, Los Angeles, 90046 - 5 bed, 6 bath

8581 Cole Crest Drive, Los Angeles, California 90046 home-pic-0
ACTIVE$2,395,000
8581 Cole Crest Drive, Los Angeles, California 90046
5Beds
6Baths
4,547Sqft
3,000Lot
Year Built
1989
Close
-
List price
$2.4M
Original List price
$2.5M
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
25601573
Home ConditionGood
Features
Excellent View: City Lights, Canyon, Mountain(s)
Deck
ViewCity Lights,Canyon,Mountain(s)

About this home

We found 4 Cons,6 Pros. Rank: price - $2.40M(54th), sqft - 4547(91th), beds - 5(86th), baths - 6(92th).

Investor's Opportunity - CURRENTLY RENTED $8,500/Month. Seller is highly motivated and may credit the first year of your mortgage payments! Panoramic views of the Hollywood Hills, the iconic Hollywood Sign, and Griffith Observatory from this sophisticated 5-bedroom, 5.5-bath contemporary retreat tucked within one of the Hills' most private enclaves. Flooded with natural light, the home features soaring ceilings, expansive living spaces, a sleek fireplace, a wet bar, and a spacious terrace ideal for entertaining. The modern kitchen includes premium Bosch appliances, a walk-in pantry, and a breakfast nook, seamlessly connecting to the formal dining area and office alcove. Each bedroom is an en-suite, providing privacy and comfort. One suite offers a private entrance and kitchenette, perfect as a guest apartment, studio, or income-generating ADU. The primary suite is a true sanctuary with a cedar-lined walk-in closet, dual shower, spa tub, and private deck. Additional highlights include wide-plank French oak flooring, abundant storage, gated entry, a 2-car garage, and dual washer/dryers. Versatile for entertaining and/or working from home, just minutes from Hollywood, West Hollywood, and Studio City.

Nearby schools

9/10
Wonderland Avenue Elementary School
Public,•K-5•0.7mi
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•3.4mi
7/10
Fairfax Senior High School
Public,•9-12•1.7mi
6/10
Hollywood Senior High School
Public,•9-12•2.3mi
9/10
Beverly Hills High School
Public,•9-12•3.4mi
8/10
North Hollywood Senior High School
Public,•9-12•4.3mi
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
10/24/25
Price Change
$2,395,000-4.2%
10/06/25
Listing
$2,499,000
01/14/22
Sold
$50,000
09/28/20
Sold
$1,850,000
Condition Rating
Good
Built in 1989, this property has undergone extensive modern renovations, evident in the wide-plank French oak flooring, contemporary bathrooms with updated fixtures and finishes, and the description of a 'modern kitchen' with 'premium Bosch appliances.' While the kitchenette in the ADU appears to be an older renovation, the main living spaces and primary bathrooms are move-in ready and stylish. The property's age (35 years) and the unspecified status of core systems (HVAC, plumbing, electrical) prevent an 'Excellent' rating, but the significant cosmetic updates align it with a 'Good' condition, suggesting it was extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Panoramic Views: The property boasts breathtaking panoramic views of the Hollywood Hills, the iconic Hollywood Sign, and Griffith Observatory, enhancing its luxury appeal and market value.
Strong Income Potential & Versatility: Currently rented at $8,500/month, with an en-suite featuring a private entrance and kitchenette, offering potential for an income-generating ADU or flexible living arrangements.
Prime Location & Accessibility: Nestled in a private enclave within the desirable Hollywood Hills, just minutes from the vibrant hubs of Hollywood, West Hollywood, and Studio City.
Luxurious & Modern Interior Features: A sophisticated contemporary retreat with soaring ceilings, expansive living spaces, a modern kitchen with premium Bosch appliances, en-suite bedrooms, wide-plank French oak flooring, and a luxurious primary suite.
Motivated Seller Incentives: The seller is highly motivated and offering a potential credit for the first year of mortgage payments, presenting a significant financial advantage for a prospective buyer.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3000, living area = 4547.
Compact Lot Size: With a lot size of only 3000 sqft for a 4547 sqft home, outdoor living space and privacy may be limited compared to other luxury properties in the area.
Recent Price Reduction: A recent price reduction from $2.499M to $2.395M, despite seller motivation, could indicate initial overpricing or a slower market response, potentially influencing buyer perception.
Age of Property & Unspecified System Updates: Built in 1989, while cosmetically updated, the property's core systems (e.g., HVAC, plumbing, electrical) may be original or require future updates not explicitly detailed, and no cooling system is mentioned.

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