See Home Value
$7,200,000 - $8,800,000
House - Off Market

8527 Hedges Way

Los Angeles, CA 90069
bedrooms
6 Beds
bathrooms
6 Baths
square feet
5055 Sqft
Sold Aug 26, 2009
Transfer
Buyer
$1,000,000 by Nelson Sargsyan
Mortgage
Sold Jun 09, 2009
$2,100,000
Buyer
$1,100,000 by Nelson Sargsyan
Mortgage

About This Property

Prime Hollywood Hills development opportunity! A rare opportunity to acquire one of Los Angeles' most iconic view estates with an expansive 25,790 square foot promontory that offers explosive panoramic views from the coast to Downtown, including the Griffith Observatory, San Gabriel Mountains and jetliner ocean views. Situated above Sunset Strip, this outstanding development spot is surrounded by celebrity homes and top-tier properties, demanding the expertise of a renowned architect and designer. Potential construction includes roughly 10,000 sqft (with 7,663 sq ft by default, an estimated 1,500 sqft basement, 800 sq ft ADU, and a 400 sq ft garage), all details to be confirmed by the title, survey, and potential buyer.

The manager has listed the unit size as 5055 square feet.
Unit Size
5,055Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,583
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941

Price History

Date / Event Date Event Price
Jan 15, 2024 No longer available -
No longer available
Sep 15, 2023 Listed $8,000,000
Listed
Jul 19, 2023 No longer available -
No longer available
Dec 11, 2022 Price Decreased $7,995,000
↓ $200K (2.4%)
Price Decreased
Aug 3, 2022 Listed $8,195,000
Listed
Newly repriced with a highly motivated seller, offering incredible value and spectacular views: Presenting a remarkable opportunity to reimagine, refurbish, or redevelop your very own hillside refuge perched above the famed Sunset Strip with incredible 270-degree views that stretch from Downtown LA to the Pacific. Up a gated, private driveway, the property wraps around its own promontory to provide dazzling vistas from multiple vantage points, balconies, patios, and nearly every room…
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 24,303
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,360
  • Total Building Area: 5,055
  • Building Area: 5,055
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,055
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1
  • Land Acres: 0.558
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 1O653 LOT/SEC 17

Ownership

  • Current Owner : MOR CHAIM
  • Previous Owner : SARGSYAN NELSON
  • Owner Before Previous Owner: SARGSYAN NELSON
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 700502

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 33-D3
  • Subdivision Tract Number: 1
  • Parcel: 5559-023-009
  • Lot: 17
  • Municipality: WEST /HOLLYWOOD HILS
  • Latitude: 34.0972
  • Longitude: -118.377

    Address

  • Full Address: 8527 Hedges Way
  • Address - House Number: 8527
  • Address - Street Name: Hedges
  • Address - Suffix Type: Way
  • State: CA
  • City Name: West Hollywood
  • Zip Code: 90069

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $59,994
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 67
  • Final Value: 3,086,725
  • High Value: 3,807,075
  • Low Value: 2,366,375

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: NELSON SARGSYAN
  • First Open Lien Mortgage Recording Date: Aug 26, 2009
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,150,772
  • Assessed Land Value: $4,047,036
  • Assessed Improvements Value: $1,103,736

    Sales

  • Current Sale Contract Date: Aug 24, 2009
  • Current Sale Recording Date: Aug 26, 2009
  • Current Sale Transaction ID: 1035159987
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 09-1312513
  • Previous Sale Recording Date: Jun 09, 2009
  • Previous Sale Contract Date: Jun 03, 2009
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: NELSON SARGSYAN
  • First Mortgage Transaction Date: Aug 26, 2009
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: NELSON SARGSYAN
  • Previous Mortgage Transaction Date: Jun 09, 2009
  • Previous Mortgage Loan Amount: $1,100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
4,238 ft²
$1,976/ft²
$8,375,000 Aug 2, 2023
-
-
House
5 Beds
7 Baths
5,767 ft²
$1,334/ft²
$7,695,000 Jul 17, 2023
-
-
House
4 Beds
4.5 Baths
6,179 ft²
$1,326/ft²
$8,195,000 Jul 31, 2023
-
-
House
4 Beds
6 Baths
6,500 ft²
$1,292/ft²
$8,399,000 Mar 2, 2023
-
-
Condo
3 Beds
3.5 Baths
3,010 ft²
$2,159/ft²
$6,500,000 Sep 6, 2023
-
$7,173/mo
Multifamily
13 Beds
-
-
$7,295,000 Nov 14, 2022
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 8527 Hedges Way built and last sold?
The property at 8527 Hedges Way was built in 1941 and last sold on Aug 24, 2009 for $0.
How much is this home worth?
The estimated value of the home located at 8527 Hedges Way is $8,080,000.
What are some comparable homes to 8527 Hedges Way?
There are currently no comparable homes to 8527 Hedges Way.

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