8494 Cole Crest Drive

Property Overview

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.

Home Details

Property type: Residential - Single Family Residence
Year built: 1938
Living area: 4,074 sq ft
Lot size: 1.37 acres
Days on market: 84
MLS status: Active

Community, Schools & Utilities

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Location & Neighborhood

Los Angeles, CA 90046

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Frequently Asked Questions About 8494 Cole Crest Drive

Property type: Residential

The current asking price is $2,995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 8494 Cole Crest Drive. Our team will confirm availability and timing.

This 6 bedrooms and 6 bathrooms property offers approximately 4,074 square feet of living space. It was built in 1938. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 84 days. Status can change, so verify availability before relying on it.