2994 Durand Drive, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 3 bath
2994 Durand Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 2994 Durand Drive, Los Angeles, California 90068 reveals a Prime Investment Opportunity with a current list price of $2,750,000—significantly undercutting the $2,876,609 Fair Market Value by 4%. This valuation gap indicates a +$126,609 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2994 Durand Drive Subject | $2,750,000* List Price | 5 | 3 | 4,171 | $690 | - |
A 6491 Rodgerton Drive Sold | $2,850,000 | 3 | 4 | 3,427 | $832 | 0.1 mi |
B 6469 Rodgerton Drive Sold | $2,300,000 | 3 | 3 | 2,924 | $787 | 0.0 mi |
C 2890 Durand Drive Sold | $2,722,000 | 4 | 4 | 3,317 | $821 | 0.2 mi |
D 6208 Mulholland Highway Sold | $2,220,000 | 4 | 4 | 2,828 | $785 | 0.4 mi |
E 2820 Westshire Drive Active | $2,850,000 List Price | 4 | 5 | 3,642 | $783 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive, high-end renovation within the last 5 years, featuring modern steel windows and doors, a fully updated kitchen with an island and floor-to-ceiling cabinetry, and luxurious bathrooms with dual vanities and walk-in showers. The addition of a modern 2-bedroom ADU and the overall contemporary aesthetic meet the highest quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property includes a fully equipped, separate 2-bedroom ADU with its own entrance and kitchen, providing an excellent opportunity for rental income or multi-generational living.
- Premium Modern Renovations
Extensively updated with high-end finishes, including striking steel windows and doors that maximize natural light and provide a sophisticated, contemporary aesthetic.
- Exceptional City Views
The home’s elevated position in Beachwood Canyon offers breathtaking, unobstructed views of Downtown Los Angeles from nearly every room and multiple private balconies.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4171, other record living area = 2976. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Inconsistent School Ratings
While the local elementary schools are highly rated, the assigned middle schools have lower performance scores, which may be a concern for education-focused families.
- Hillside Accessibility
The winding canyon roads and hillside topography can make guest parking and large vehicle navigation more challenging compared to flat-land residential neighborhoods.
About 2994 Durand Drive
Perched in Beachwood Canyon with breathtaking city views, 2994 Durand Drive has been renovated with the utmost care and attention to detail. Featuring a 3-bedroom 2-bathroom main home, and a lower-level 2-bedroom 1-bath ADU/guest-suite, with multiple balconies and covered patios. Inside, the main living area is bathed in natural light, with striking Downtown views from nearly every room, showcased through steel windows and doors throughout. Steel sliding patio doors open out to a spacious balcony perfect for al-fresco dining. The open kitchen features an island and plenty of cabinetry, including a floor-to-ceiling pantry cabinet. The two-car garage has direct access into the home. Two bedrooms occupy the main level and share a full hallway bath, complete with tub/shower combo and dual sink vanities. A laundry closet and storage closet complete this level. Upstairs, the primary suite has a fireplace, walk-in closet, reading nook, luxurious bathroom with walk-in shower with two shower heads, dual-sink vanities, and a private balcony perfect for stargazing or enjoying a morning coffee. Downstairs, a separate 2-bedroom 1-bathroom guest suite/ADU with its own entrance, features a spacious, open floor-plan with a kitchen, living room which opens out to a private balcony. A spacious laundry room off the kitchen offers lots of storage space. Additional features: 2-car garage, driveway parking and street parking directly in front of the home. This property presents a unique opportunity for a variety of living arrangements, and is just up the hill from Beachwood Village, minutes from Lazy Acres Market, and numerous hiking trails.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 7,609 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Valley View Elementary School
Grades K-6 • 1.2 mi
Cheremoya Avenue Elementary School
Grades K-6 • 1.3 mi
Selma Avenue Elementary School
Grades K-6 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,171 | 2,357.5 | 88% |
| Lot Size | 7,609 | 6,972.5 | 59% |
| Price | $2.75M | $1.92M | 78% |
| Price per sq ft | $659 | $879 | 19% |
| Built year | 1980 | 1950 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 177 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$2,750,000
Initial Listing
Sold
May 25, 2021
$1,700,000
Public Record
Sold
May 29, 2003
$825,000
Public Record