
Studio City, California 91604
This property presents a High-Potential Investment Opportunity with a List Price of $1,999,000—positioned above the $1,921,029 Fair Market Value. While requiring significant capital for a Condition Rating of 5, the expansive 11,607 sqft lot and Mountain(s) Views offer a rare canvas for value-add development. Located in the Los Angeles Unified district near top-rated schools like Warner Avenue Elementary, this asset is suited for those capable of executing a major renovation. This is an ideal acquisition for Fix-and-Flip Investors or Developers seeking a prime Studio City hillside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11428 Dona Pegita Drive Subject | $1,999,000* List Price | 4 | 3 | 2,881 | $667 | - |
A 11540 Dona Evita Drive Sold | $2,000,000 | 4 | 3 | 2,964 | $675 | 0.3 mi |
B 11467 Dona Cecilia Sold | $1,855,000 | 3 | 3 | 2,254 | $823 | 0.3 mi |
C 11575 Amanda Drive Sold | $1,975,000 | 4 | 3 | 2,780 | $710 | 0.5 mi |
D 3371 Berry Sold | $1,725,000 | 3 | 3 | 2,420 | $713 | 0.3 mi |
E 10803 Alta View Drive Sold | $2,150,000 | 4 | 4 | 2,667 | $806 | 0.8 mi |
F 11453 Dona Dorotea Drive Sold | $1,860,000 | 3 | 4 | 2,535 | $734 | 0.4 mi |
G 3004 Laurel Canyon Boulevard Sold | $1,450,000 | 3 | 4 | 2,433 | $596 | 0.4 mi |
H 3684 Willowcrest Avenue Sold | $1,585,000 | 3 | 4 | 2,570 | $617 | 0.8 mi |
I 11345 Dona Lola Drive Active Under Contract | $1,999,000 List Price | 4 | 3 | 2,796 | $715 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent renovations. The listing explicitly states the home needs TLC and is a project for investors or developers, requiring 'Cash or Hard Money only,' which typically indicates the property has significant system or structural defects that prevent traditional financing.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11607, living area = 2881.
Elementary School: Warner Avenue Elementary School (9/10).
Situated in the prestigious Studio City hills, this property offers a highly desirable address with significant appreciation potential in a sought-after neighborhood.
The requirement for 'Cash or Hard Money only' indicates the property's current condition will not qualify for traditional financing, limiting the pool of potential buyers.
The home needs significant TLC and updating throughout, requiring a substantial additional capital investment and a clear vision to realize its full potential.
Welcome to 11428 Dona Pegita Drive, nestled in the highly desirable hills of Studio City. This property presents an exciting opportunity for buyers looking to create something truly special in a sought-after neighborhood. The home needs TLC and updating, but offers tremendous potential with its hillside setting and beautiful views. Reimagine the outdoor space with an expansive view deck, resort-style entertaining area, or even a dramatic infinity-edge pool to take full advantage of the surroundings. Whether you’re an owner-user ready to customize a home to your taste, an investor, or a developer looking for the next project, this property offers a rare opportunity to unlock significant potential in a prime Studio City location. Bring your vision and transform this hillside property into a stunning retreat. Cash or Hard Money only.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.3 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,881 | 2,738.333 |
| Lot Size | 11,607 | 7,678.807 |
| Price | $2.00M | $2.13M |
| Price per sq ft | $694 | $896 |
| Built year | 1964 | 1956 |
| HOA | $0 | $0 |
| Days on market | 18 | 62 |
Aug 22, 2026
$1,999,000
Initial Listing
Aug 23, 2019
$1,430,000
Public Record