3016 Arrowhead Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 3 bath
3016 Arrowhead Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 3016 Arrowhead Drive, Los Angeles, California 90068 reveals a property with a current list price of $2,950,000, which is 12% above the estimated $2,630,587 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 |
|---|---|---|---|---|---|---|
★ 3016 Arrowhead Drive Subject | $2,950,000* List Price | 3 | 3 | 2,490 | $1,056 | - |
A 6435 Innsdale Drive Sold | $2,700,000 | 5 | 4 | 2,992 | $902 | 0.5 mi |
B 6411 Tahoe Drive Sold | $2,125,000 | 4 | 3 | 2,290 | $928 | 0.3 mi |
C 3203 Tareco Drive Sold | $2,700,000 | 4 | 3 | 2,712 | $996 | 0.8 mi |
D 3105 Ledgewood Drive Sold | $2,855,000 | 4 | 4 | 3,206 | $891 | 0.3 mi |
E 6427 Tahoe Drive Active | $2,449,000 List Price | 4 | 3 | 2,208 | $1,109 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1966, this Mid-Century Modern home has undergone extensive and high-quality renovations. The kitchen features sleek white cabinetry, white quartz countertops, high-end black stainless steel appliances, and modern recessed lighting, all appearing virtually new. Bathrooms are equally updated with contemporary vanities, fixtures, and tile work. Hardwood flooring throughout the main living areas, updated lighting, and well-maintained outdoor spaces with artificial turf and solar panels contribute to a pristine, move-in ready condition that meets current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 23730, living area = 2490.
- Panoramic Views
The property boasts sweeping panoramic views of Lake Hollywood, surrounding hillsides, city lights, mountains, and a reservoir, offering a truly iconic Los Angeles experience.
- Prime Hollywood Hills Location
Situated in the highly sought-after Hollywood Hills, the home offers privacy, style, and convenience, being minutes from studios, hiking trails, and the vibrant heart of Hollywood.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential System Updates
Built in 1966, while updated, the property's age may imply potential for older underlying systems (e.g., plumbing, electrical, HVAC) that might require future attention or upgrades not explicitly mentioned.
- Absence of Mentioned Cooling System
The description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant consideration for comfort during Los Angeles' hotter months.
- Hillside Access & Parking Considerations
As a property 'perched' in the Hollywood Hills, access might involve steep or winding roads, and parking could be limited or challenging for guests, a common characteristic of such locations.
About 3016 Arrowhead Drive
Perched in the highly sought-after Hollywood Hills, Built in 1966, this beautifully updated single-level Mid Century Modern home offers sweeping panoramic views of Lake Hollywood and the surrounding hillsides. Enter through a sun filled atrium, this homes features 3 spacious bedrooms and 2.5 luxurious baths, this residence effortlessly blends classic California elegance with modern comfort. Step inside to find an open-concept living and dining area bathed in natural light, with floor-to-ceiling windows that frame breathtaking vistas and bring the outdoors in. The gourmet kitchen boasts high-end appliances, sleek cabinetry, and ample counter space—perfect for entertaining or everyday living. The spacious primary suite features sliders to a private yard and en-suite bath. Outdoors, enjoy multiple terraces and patios ideal for al fresco dining, relaxing, or taking in the iconic LA sunsets. A flat yard space and lush landscaping complete the picture. Located minutes from studios, hiking trails, and the vibrant heart of Hollywood, this rare view property combines privacy, style, and convenience in one of Los Angeles’ most iconic neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 23,730 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 1.0 mi
Cheremoya Avenue Elementary School
Grades K-6 • 1.3 mi
Selma Avenue Elementary School
Grades K-6 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,490 | 2,363 | 55% |
| Lot Size | 23,730 | 6,973 | 94% |
| Price | $2.95M | $1.90M | 82% |
| Price per sq ft | $1.2K | $882 | 92% |
| Built year | 1966 | 1951 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 179 | 176 | 54% |
Pricing History
Listed for Sale
Oct 2, 2025
$2,950,000
$3,150,000
-6% Price Drop
Initial Listing
Price Change
Sep 8, 2025
$3,150,000
Initial Listing
Sold
Mar 4, 2015
$586,000
Public Record