Situated in the Hollywood Hills, this recently updated con-temporary house offers an amazing deal at its current listing price of $990,900. Its previous owner paid $1,500,000 not quite two years ago (11/30/2006), and many houses in the neighborhood are worth several million more than this. Zillow.com estimates that this house is now worth $1,864,500.At less than $400 per square foot, this house is extremely affordable for this high profile location (Houses in this area average over $800 per square foot.). A house like this can be rented for $4,000 to $5,000 per month, so it is not a good candidate for an investor looking for rental property. For an owner-occupant, however, it is worth a look. Although it is certainly not the highest-end construction in the area, the breathtaking views, multiple decks/balconies, and the renovated kitchen make this a fantastic opportunity for someone who likes to entertain and wants the status of the Sunset Strip.
The basics...
Address: 8595 Cole Crest Drive, Los Angeles, CA 90046
Current Listing Price: $990,900
PREVIOUS Sale Price: $1,500,000 (11/30/2006)
Size: 3 Bedrooms, 2.5 Bathrooms; 2,499 square feet
Lot: .13 acres
http://www.realtor.com/realestate/los+angeles-ca-90046-1098464820/
1 comment:
It looks like three or four mobile homes stacked on top of each other (from the back at least). It would be worth the price for the view.
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