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$1,898,000

Beds
1
Baths
1.5
sq ft
1,815

8501 Hedges Pl, Los Angeles, CA 90069

8501 Hedges Pl

Los Angeles, CA 90069

  • 153 days on market
    • Price drop $92,000↓
Attention Fixers! Add the bedrooms back for low-investment equity upside! Welcome to 8501 Hedges Pl, a Hollywood Hills retreat with incredible potential and charm. Currently configured for spacious, open living, this home can easily be converted back to a two- or three-bedroom layout, unlocking significant equity potential with minimal effort.Designed for modern elegance and entertaining, the home features an open floor plan where living, dining, and kitchen spaces flow seamlessly, bathed in natural light. Whether you need a dedicated office or creative space, there's ample room to accommodate your lifestyle.Perched above the city, this property boasts breathtaking panoramic views during the day and a dazzling city lights backdrop at nighta serene hillside escape with dramatic appeal. Nestled in the prestigious Hollywood Hills, it offers the ideal combination of privacy, tranquility, and proximity to vibrant Los Angeles life.Seller financing is available, making this an exceptional opportunity for buyers seeking flexibility. Don't miss your chance to customize and add value to this stunning property at 8501 Hedges Pl!

Details

Property type

Single Family Residence

Est. home value

$2,529,968

Property condition

Updated/Remodeled

Lot size

5,998 sq ft

Price per sq ft

$1,046

Year built

1941

HOA

No

Price History

09/26/2024
CLAW

CLAW #24418245

Price change
$1,898,000
-4.62%
07/22/2024
CLAW

CLAW #24418245

Listed
$1,990,000
07/08/2024
CLAW

CLAW #23334539

Removed
$1,990,000

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

Vig Private Lending Inc

Loan start date

August 2023

Original loan amount

$6,000,000

Est. remaining balance

Not provided

Interest rate

6.81%

Loan type

Commercial, 2 year

Seller

Michael King and Lah Trust

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: 12/22/2024 at 9:55 PM

Listing updated: 12/05/2024 at 3:40 PM

Listed by: Lolita Burghdorf, The Beverly Hills Estates Phone #: (310) 626-4248

MLS: CLAW #24418245

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