$2,995,000

8494 Cole Crest Drive, Los Angeles, CA 90046

6 beds |
6 baths |
4,074 sqft

Single-Family Home
Built in 1938
1.37acre lot
—— car garage
$735/sqft
Listed 1 month ago

Property Description

Private Hollywood Hills asset positioned on a rare 1.37-acre lot above Sunset Plaza, offering significant development and value-add potential with expansive jetliner views from Downtown Los Angeles to the Malibu coastline. With a pool and no rental restrictions, the property presents multiple pathways for investors and developers to reposition, expand, or reimagine the site.The existing improvements include a main residence with an open floor plan spanning kitchen, living, and dining areas, all oriented toward a wraparound deck with panoramic city-to-ocean views. A separate living area with its own kitchen and bathrooms provides flexibility for rental income, multi-unit use, or phased redevelopment. A detached casita near the pool and spa further enhances the property's adaptability for ADU use, creative space, or additional income stream.Set above the street and accessed by approximately 70 stairs, the site offers privacy and scale rarely found in this location. Ideal for developers exploring expansion, redevelopment, or luxury spec opportunities, as well as investors seeking strong long-term upside in a supply-constrained hillside market just moments from the Sunset Strip and Laurel Canyon.

Listing Status:: Active
Date Added:: April 8, 2026
Data Last Updated:: May 20, 2026 at 7:16AM
Listing Office:: KW Westside Estates : 310-482-2200
Listing Agent:: Richard Schulman : 818-577-0476
MLS ID:: 26673889

General: Wet BarOpen Floorplan
Appliances: DishwasherRefrigerator
Laundry: Inside
Flooring: Wood
A/C: Central Air
Heating: Central
Fireplace: Living RoomFireplace

General: Above Ground
Style: Contemporary
Other Structures: Wrap AroundDeck
Pool: In Ground
Parking: NoneOn StreetUncoveredParking spaces: 0

General: 1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR15556016051
View: City LightsView

Source: CRMLS_CL

This listing courtesy of Richard Schulman , KW Westside Estates

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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