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$3,499,000

Beds
5
Baths
4.25
sq ft
4,629

8420 Cresthill Rd, Los Angeles, CA 90069

8420 Cresthill Rd

Los Angeles, CA 90069

  • 62 days on market
    • Price drop $200,999↓
Set above the iconic Sunset Strip, Cresthill stands as a historic Spanish Colonial estate, rich with the legacy of Hollywood's comedy renaissance. Originally built in 1925, and acquired by Comedy Store owner Mitzi Shore in 1978, this remarkable residence has played host to comedic luminaries such as Richard Pryor, Robin Williams, Jim Carrey, Sam Kinison, Andrew Dice Clay, and many others who shaped the entertainment landscape of the 1970s and 1980s. In the 40s-50s the property was owned by Ciro's (which became the Comedy Store) and was rumored to have been frequented by the likes of Frank Sinatra, Dean Martin, Jerry Lewis, Milton Berle and Redd Foxx. Cresthill isn't just a home; it's a living piece of Hollywood's past, where the magic of the entertainment industry still lingers in the air. Cresthill's architectural integrity pays homage to the era with classic arched doorways, coved ceilings, and an original fireplace anchoring the dining and living rooms. Expansive terraces offer breathtaking views that stretch from the vibrant Sunset Strip, with its legendary Comedy Store, across the sparkling LA skyline, and all the way to the Pacific Ocean. The main level boasts a reimagined gourmet kitchen, equipped with new countertops, a central island, Viking appliances and a beautiful courtyard. Adjacent to the kitchen, you'll find a spacious dining room plus the dramatic living room with large arched windows and grand terrace with views. A large family room and a staff bedroom & bath complete this level. Three bedrooms plus an office are featured on the upper level. The re-imagined primary suite serves as a secluded sanctuary, reminiscent of a luxurious New York loft. With soaring ceilings, authentic exposed brickwork, and concrete floors, this space offers spacious sleeping and sitting areas, with a luxuriously appointed en-suite bathroom and a grand walk-in closet. This space includes a separate entry and could easily also function as a production office, gym or media room. A large flat grassy yard, which is so rare in the hills, offers the perfect spot to entertain or add a pool. Positioned just moments away from the cultural heart of the Sunset Strip, residents enjoy close proximity to esteemed establishments like Chateau Marmont, The Tower Hotel, The Pendry and an array of upscale shops, dining and nightlife options. Cresthill offers not just a residence, but an opportunity to live in a home steeped in Hollywood allure and history, while enjoying unmatched luxury and contemporary comforts. Make your own history in this storied Hollywood home.

Details

Property type

Single Family Residence

Est. home value

$3,982,094

Lot size

7,514 sq ft

Price per sq ft

$756

Year built

1925

HOA

No

Price History

10/09/2024
CLAW

CLAW #24432019

Price change
$3,499,000
-5.43%
09/04/2024
CLAW

CLAW #24432019

Listed
$3,699,999
-6.33%
03/22/2024
CLAW

CLAW #23318333

Removed
$3,950,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

City National Bank

Loan start date

February 2021

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

2.67%

Loan type

Commercial

Seller

Freesia 1031 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 11:45 AM

Listing updated: 10/16/2024 at 11:00 AM

Listed by: James Harris, Carolwood Estates Phone #: (310) 623-3600

MLS: CLAW #24432019

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