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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 1,950,000

Est. payment -/mo

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Price Dropped by $250K

3500 Wrightwood DR Los Angeles, CA 91604

3 Beds

3 Baths

2,823 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,823 sqft

Price per Sqft $690

MLS Listing ID 26990537

Bedrooms 3

Full Baths 3

Construction Status Repairs Major

HOA Y/N No

Year Built 1962

Lot Size 0.631 Acres

Property Sub-Type Single Family Residence

Property Description

A beautiful Studio City home offering an exceptional opportunity for an owner-user, investor, contractor or developer. Set on an expansive approximately 27,471 SF lot, this single-story residence offers approximately 2,823 SF with 4 bedrooms, 3 bathrooms, a swimming pool and the privacy and scale that make this a compelling hillside property.The residence itself remains a substantial, livable home and presents very differently from a typical distressed or teardown opportunity. Subject to buyer's independent investigation of access, safety and habitability, the home may offer the potential to be occupied or rented while the hillside remediation is planned and completed. **IMPORTANT PROPERTY CONDITION**: The property has experienced a significant slope failure along the right side of the property, with displaced soil affecting portions of the driveway. Remedial slope work will be required. Existing soils information contemplates approximately 220 linear feet of slope stabilization/retaining improvements generally along the right property line. Final design, height, dimensions, engineering, permitting, construction methodology and cost are to be determined by the buyer and the buyer's licensed geotechnical, structural and/or civil professionals. NO APPROVED SOIL REPORT. For the right buyer, this is an opportunity to acquire a beautiful existing home on a large Studio City parcel, address a known hillside condition, and potentially create substantial long-term value. The combination of the home's size, pool, setting and oversized lot provides a strong foundation for renovation, restoration or a more comprehensive improvement program.

Location

State CA

County Los Angeles

Area Stud - Studio City

Zoning LARE15

Rooms

Other Rooms Guest House

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room

Furnishings Unfurnished

Fireplace Yes

Laundry Inside

Exterior

Parking Features Door-Multi, Garage

Pool In Ground

View Y/N Yes

View City Lights, Hills

Total Parking Spaces 4

Building

Faces North

Entry Level One

Water Public

Architectural Style Traditional

Level or Stories One

Additional Building Guest House

New Construction No

Construction Status Repairs Major

Others

Senior Community No

Tax ID 2380012003

Security Features Carbon Monoxide Detector(s)

Special Listing Condition Standard

Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/3500-Wrightwood-Dr/Residential-Single-Family/26990537

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Listed by Shawn S. Kormondy Keller Williams Beverly Hills #01451888