
Toluca Lake, California 91602
Analysis of 10061 Valley Spring Lane, Toluca Lake, California 91602 is currently available with a list price of $6,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Toluca Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1976, this property is well-maintained with high-end kitchen appliances (Sub-Zero style refrigerator, built-in oven/microwave). However, the kitchen cabinetry is a traditional wood style that appears dated, and the overall interior aesthetic, including light fixtures and staircase railing, reflects an older design. While functional and featuring desirable elements like hardwood flooring and crown molding, the property would require significant cosmetic updates to align with current modern tastes, placing it in the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19530, living area = 4584.
Elementary School: Theodore Roosevelt Elementary School (9/10).
A rare opportunity to own one of only 34 exclusive residences with direct access to the private Toluca Lake, complete with a private boat dock for immediate water access.
Built in 1976, while custom-designed, the property's age may imply that some systems or design elements could be dated and potentially require modern updates to align with current buyer preferences.
A substantial association fee of $4,700 adds a considerable ongoing cost to ownership, which potential buyers will need to factor into their budget.
The property has undergone multiple price reductions from an initial $8.5M to $6.95M, suggesting potential overpricing or challenges in attracting buyers at higher price points.
Exquisite Lakefront Retreat in Coveted Toluca Lake. A rare opportunity to own one of Toluca Lake's most distinguished properties one of only 34 exclusive residences with direct access to the private lake. Custom-designed and built in 1976, this spacious two-story home offers approximately 4,584 square feet of light-filled living space, thoughtfully designed for both comfort and elegant entertaining. Plus, an oversized 19,524 sq ft lot adds incredible outdoor living space perfect for relaxation, entertaining, or future enhancements. Walls of floor-to-ceiling glass and soaring ceilings flood the interiors with natural light, framing panoramic multi-directional views of Toluca Lake. The expansive living, dining, and kitchen areas flow seamlessly to a lakeside patio, ideal for indoor/outdoor entertaining. A stylish wet bar and dual walk-in pantries enhance functionality for hosting guests. The residence includes 3 generous bedrooms and 4 bathrooms, including a luxurious primary suite that commands broad second-story views of the lake. Enjoy your morning coffee or sunset wine on a private balcony, or relax in the spa-like ensuite featuring dual vanities, cedar-lined walk-in closets, a separate shower, and a private sauna. Just outside, a lakeside jacuzzi provides a tranquil spot to unwind while taking in the water views. Additional highlights include rich hardwood flooring throughout, elegant crown moulding, and a private boat dock offering immediate access to the lake. The expansive lot features mature trees and provides ample room to expand, add a pool, or build additional garages. This is lakefront living at its finest combining timeless design, exceptional views, and exclusive privacy in one of Los Angeles' most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 4,584 | 2,370 | 88% |
| Lot Size | 19,530 | 7,991 | 88% |
| Price | $6.95M | $1.86M | 93% |
| Price per sq ft | $1.5K | $887 | 93% |
| Built year | 1976 | 1939 | 85% |
| HOA | $4700.0 | $0 | 93% |
| Days on market | 184 | 182 | 53% |
Jan 18, 2026
$6,950,000
$7,500,000
-7% Price Drop
Initial Listing
Dec 27, 2025
$7,500,000
$8,500,000
-12% Price Drop
Initial Listing
Oct 20, 2025
$8,500,000
Initial Listing