11022 Fruitland Drive, Studio City, California 91604, Studio City, 91604 - 4 bed, 3 bath
ACTIVE$1,439,000
11022 Fruitland Drive, Studio City, California 91604
4Beds
3Baths
1,964Sqft
15,757Lot
Year Built
1927
Close
-
List price
$1.44M
Original List price
$1.64M
Price/Sqft
$733
HOA
-
Days on market
-
Sold On
-
MLS number
SR25039284
Home ConditionFair
Features
Good View: Hills, Peek-A-Boo, Trees/Woods
ViewHills, Peek-A-Boo, Trees/Woods
About this home
Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.44M(13th), sqft - 1964(33th), beds - 4(50th), baths - 3(50th).
Unique character-infused Spanish Craftsman-style mini compound. Private. Parking for 6+ cars. Set behind cobblestoned wrought iron gates & featuring 75' frontage, 11022 Fruitland Drive offers a versatile 3BR+2BA Main Residence & separate Studio w/ a bathroom.
Nearby schools
7/10
Rio Vista Elementary School
Public,•K-5•0.6mi
7/10
Toluca Lake Elementary School
Public,•K-5•1.4mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.8mi
8/10
Valley View Elementary School
Public,•K-6•1.8mi
9/10
West Hollywood Elementary School
Public,•K-5•3.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•6.0mi
6/10
Walter Reed Middle School
Public,•6-8•1.2mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.1mi
6/10
Arroyo Seco Museum Science
Public,•K-8•10.0mi
8/10
North Hollywood Senior High School
Public,•9-12•2.1mi
3/10
East Valley Senior High School
Public,•9-12•2.2mi
6/10
Hollywood Senior High School
Public,•9-12•3.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.9mi
6/10
University Senior High School Charter
Public,•9-12•8.3mi
6/10
University Senior High School
Public,•9-12•8.3mi
Condition Rating
Fair
Built in 1927, this property is over 90 years old. While the exterior image showcases a unique, well-maintained Spanish Craftsman style, the listing explicitly notes 'Age and Potential for Outdated Systems' as a weakness. There is no information or imagery provided for the kitchen or bathrooms, which, given the property's age and the mentioned potential for outdated systems, strongly suggests these areas would require significant updates to meet modern standards. The property is likely maintained but its major components and interior finishes are probably outdated, fitting the 'fair' category.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15757, living area = 1964.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Distinctive Architectural Style: The 'Unique character-infused Spanish Craftsman-style' offers a rare and appealing aesthetic, setting it apart from more common architectural styles in the area.
Versatile Layout with Separate Studio: The inclusion of a 'separate Studio w/ a bathroom' provides excellent versatility for a home office, guest suite, or potential rental income, enhancing the property's utility.
Exceptional Privacy and Large Lot: Situated on a substantial 15,757 sqft lot, 'behind cobblestoned wrought iron gates' with 75' frontage, the property offers a high degree of privacy and ample outdoor space.
Abundant Off-Street Parking: The provision for 'Parking for 6+ cars' is a significant advantage in Studio City, addressing a common challenge in many urban and suburban areas.
Desirable Location with Views: Located in sought-after Studio City, the property benefits from 'Hills, Peek-A-Boo, Trees/Woods' views and proximity to highly-rated schools like Rio Vista Elementary (0.59 miles).
Cons
Significant Price Discrepancy: The current list price ($1.439M) is 21% higher than the property estimation ($1.129M), and the property has already seen a price reduction from its original list price ($1.636M), indicating potential overvaluation or difficulty attracting buyers at the initial price point.
Age and Potential for Outdated Systems: Built in 1927, the property may have older infrastructure, requiring potential updates to plumbing, electrical, or HVAC systems, which could incur significant costs for a buyer if not already addressed.
Lower Square Footage Compared to Comps: At 1964 sqft (including the studio), the overall living space is smaller than comparable properties in the area that have recently sold or are currently listed at similar or higher price points, potentially impacting perceived value.