8714 Hollywood Boulevard, Los Angeles, California 90069, Los Angeles, 90069 - 2 bed, 2 bath
ACTIVE$1,295,000
8714 Hollywood Boulevard, Los Angeles, California 90069
2Beds
2Baths
1,059Sqft
4,013Lot
Year Built
1954
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$1,223
HOA
-
Days on market
-
Sold On
-
MLS number
24445105
Home ConditionPoor
Features
Excellent View: City Lights, Canyon, Ocean
Deck
ViewCity Lights,Canyon,Ocean
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.29M(4th), sqft - 1059(7th), beds - 2(16th), baths - 2(14th).
Cozy 2-bedroom, 1-bath home just moments from the iconic Sunset Strip. This two-level property offers approx. 1,100 SF of living space with an open layout and large windows, showcasing breathtaking views from the city to the Pacific Ocean. Step outside to your private balcony to relax and enjoy the view. Don't miss out on this exceptional opportunity! Can also be sold with property next door, 8700 Hollywood Blvd. Call for details.
Price History
Date
Event
Price
11/26/03
Sold
$2,978,181
11/26/03
Sold
$585,000
10/30/02
Sold
$250,000
Condition Rating
Poor
Built in 1954, the property shows significant signs of age with no apparent major renovations. The kitchen and bathroom are extremely dated, featuring older cabinetry, fixtures, and finishes that would require substantial rehabilitation to meet modern standards. The carpeted flooring appears worn, and the windows are of an older style. While the structure appears sound, the interior condition, particularly the key areas of kitchen and bath, indicates a need for extensive updates and modernization, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Exceptional Views: The property boasts breathtaking panoramic views stretching from the city to the Pacific Ocean, including City Lights, Canyon, and Ocean vistas, significantly enhancing its appeal and value.
Prime Location: Situated just moments from the iconic Sunset Strip on Hollywood Boulevard, within the highly desirable C03 - Sunset Strip - Hollywood Hills West MLS area, offering prestige and convenience.
Development/Expansion Potential: The unique opportunity to purchase this property alongside the adjacent lot at 8700 Hollywood Blvd presents significant potential for a larger estate or future development.
Open Layout & Natural Light: An open layout complemented by large windows maximizes natural light and capitalizes on the stunning views, creating an inviting and airy living space.
Private Outdoor Space: A private balcony offers a dedicated outdoor retreat to relax and fully enjoy the expansive views, adding to the property's lifestyle appeal.
Cons
Limited Square Footage & Lot Size: With approximately 1,100 SF of living space and a 4,013 SF lot, the property offers relatively small dimensions for a single-family residence in this high-value market segment.
Significant Overpricing Relative to Estimate: The current list price of $1.295M is approximately 22% higher than the estimated property value of $1.004M, which may pose a challenge for buyer interest and appraisal.
Age of Property & Potential for Updates: Built in 1954, the home's age suggests that it may require significant updates or renovations to meet modern luxury standards and efficiency expectations, which are not explicitly detailed as completed.