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$1,200,000

Beds
2
Baths
1.0
sq ft
910

8718 Crescent Dr, Los Angeles, CA 90046

8718 Crescent Dr

Los Angeles, CA 90046

  • 33 days on market
Located in the heart of the coveted Laurel Canyon neighborhood, 8718 Crescent Drive offers a unique opportunity to develop in the coveted Hollywood Hills neighborhood. Built in 1936, this 910-square-foot residence is situated on an expansive 17,856-square-foot lot, providing ample space for potential development. Separated into 6 lots, take your pick on developing across all lots or splitting to build on each one. This sale includes two parcels (APN: 5563-017-027 & APN: 5563-017-026) totaling 17,856 sqft of land with an existing house. The property has a serene canyon view, enhancing its tranquil ambiance. The expansive lot presents numerous possibilities, whether you're looking to renovate the existing structure, build a new home, or explore other development opportunities. The property's location in the Wonderland School District adds to its appeal, offering access to quality education. Conveniently located near the Sunset Strip and the vibrant heart of Hollywood, this home provides easy access to a variety of dining, shopping, and entertainment options. The Laurel Canyon community is renowned for its rich history and artistic heritage, offering a unique living experience in Los Angeles. This property presents a rare opportunity to own a piece of Los Angeles history in a prime location. Whether you're an investor, developer, or homeowner seeking a project, 8718 Crescent Drive is a property worth considering.

Details

Property type

Single Family Residence

Est. home value

$1,272,709

Lot size

0.4099 acres

Price per sq ft

$1,319

Year built

1936

HOA

No

Price History

02/26/2025
CRMLS

CRMLS #SB25042613

Listed
$1,200,000
+0.08%
12/16/2024
CLAW

CLAW #24386581

Removed
$1,199,000
05/28/2024
CLAW

CLAW #24386581

Price change
$1,199,000
-7.7%

Schools & Community

Neighborhood: 

Beverly Glen

Elementary school: 

Los Angeles Unified

Middle school: 

Unknown

High school: 

Fairfax/Hollywood

Community features: 

Suburban

High school district: 

Los Angeles Unified

Negotiation Insights

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

Seller could get up to

$1,057,310
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$46,690
Cash to seller
$1,057,310

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

July 2015

Original loan amount

$114,200

Est. remaining balance

$46,690

Interest rate

3.05%

Loan type

New Conventional, 15 year

Seller

Luculle J Frichter

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: 04/01/2025 at 10:30 AM

Listing updated: 02/27/2025 at 5:04 PM

Listed by: Sandy Yousif, Sandy Yousif, Phone #: (310) 432-6400

MLS: CRMLS #SB25042613

CRMLS logo

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