3016 Dona Susana Drive, Studio City, California 91604, Studio City, 91604 - 5 bed, 6 bath
Loading property details...
Studio City, California 91604
This Spacious Luxury Estate is a Strong Value Opportunity, listed at $3,600,000—positioned well below the $4,000,000 Fair Market Value by 10%. This valuation gap offers $400,000 in Instant Equity for buyers. Boasting a Condition Rating of 4, the 6,745 sq ft interior includes a chef’s kitchen, elevator, and canyon views, with significant upside potential through cosmetic modernization of its 90s-era finishes. Located near Warner Avenue Elementary and the Carpenter School District, it combines elite schooling with prestigious Studio City living. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3016 Dona Susana Drive Subject | $3,600,000* List Price | 5 | 6 | 6,745 | $534 | - |
A 10940 Terryview Drive Active | $3,499,000 List Price | 5 | 7 | 5,288 | $662 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1992, is well-maintained with high-end features like Sub-Zero appliances and an elevator. However, the aesthetic, particularly in the bathrooms (pink vanities, glass block, purple tiles) and the extensive purple carpeting throughout, is distinctly dated to the 90s. While functional, these areas show signs of being outdated and would require significant cosmetic updates to meet current luxury standards and buyer preferences.
Elementary School: Warner Avenue Elementary School (9/10).
Situated atop one of Studio City’s most prestigious streets, the residence offers rare privacy and beautiful views of canyons, hills, and mountains, enhancing its exclusivity and appeal.
Spanning over 6,700 sq ft with soaring ceilings, rich textures, and artful details, this extraordinary residence blends classic architectural character with understated sophistication, providing grand and comfortable living.
While well-maintained and featuring classic character, the 1992 build date suggests that some systems or finishes might not be as current or energy-efficient as those in newer luxury homes, potentially necessitating future updates.
The large 17,619 sq ft lot with lush gardens and a koi pond implies substantial ongoing landscaping and property upkeep, which can be a significant financial and time commitment for a homeowner.
As a high-end, architecturally distinct property at a $4 million price point, it caters to a very specific luxury buyer demographic, which could potentially lead to a longer marketing period.
Situated within the Lower Mulholland Scenic Corridor, offering significant 6,745 sq ft on a 17,619 sq ft lot, in a sought-after location at a value relative to surrounding luxury markets. The home features soaring ceilings, rich textures, and artful details throughout. Grand entertaining spaces flow effortlessly from the gallery-style living room and dining areas to a well-appointed chef’s kitchen with dual Sub-Zero refrigerators, double ovens, and generous pantry. The primary suite offers a serene spa bath, boutique-style dressing area, and dedicated upstairs office space. Perfect for gatherings, the home includes a handsome wet bar, elevator, and flexible rooms ideal for an office or studio. Outside, lush gardens surround the patios, a koi pond, and barbecue space designed for elegant entertaining. Located within the Carpenter School District and moments from Ventura Blvd, Fryman Canyon, yet remains moments away from the shopping, dining, and cultural destinations of both the city and the valley. This residence presents a compelling opportunity for developers, investors, or end-users seeking to create a custom estate tailored to their vision.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.5 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 69% |
| Baths | 6.0 | 3.0 | 79% |
| Square foot | 6,745 | 2,571 | 97% |
| Lot Size | 17,636 | 8,549 | 91% |
| Price | $3.60M | $2.33M | 78% |
| Price per sq ft | $534 | $948 | 4% |
| Built year | 1992 | 1956 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 187 | 162 | 71% |
Mar 24, 2026
$3,600,000
$4,000,000
-10% Price Drop
Initial Listing
Oct 17, 2025
$4,000,000
Initial Listing