308 Oceano Drive, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath

308 Oceano Drive, Los Angeles, California 90049 home-pic-0

308 Oceano Drive

Los Angeles, California 90049

ACTIVE
CONDITION: GOOD
4Beds
4Baths
3,048Sq Ft
10,810Lot Size

Property Price

LIST PRICE$5,850,000
EST. MARKET VALUE
$5,444,386
7% AboveMARKET VALUE

SUMMARY

Analysis of 308 Oceano Drive, Los Angeles, California 90049 reveals a property with a current list price of $5,850,000, which is 7% above the estimated $5,444,386 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$5,444,386
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
308 Oceano Drive
Subject
$5,850,000*
List Price
443,048$1,786-
A
12033 Kearsarge Street
Sold
$4,100,000342,287$1,7930.2 mi
B
418 N Bowling Green Way
Sold
$4,125,000542,969$1,3890.6 mi
C
279 S Westgate Avenue
Sold
$5,244,900343,485$1,5050.1 mi
D
125 S Medio Drive
Sold
$6,735,000453,848$1,7500.5 mi
E
233 S Saltair Avenue
Sold
$7,075,000464,113$1,7200.1 mi
F
11948 S Saltair Terrace
Active
$5,150,000
List Price
453,013$1,7090.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is a well-maintained 1950s English-inspired traditional home that is move-in ready. While the structure is older, the listing highlights recently refreshed kitchen and bathrooms with a modern aesthetic, along with updated interior finishes and well-kept architectural details. It balances classic character with functional, updated systems, though it stops short of the 'Excellent' rating as it is a refresh rather than a total recent new-build or comprehensive studs-out renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Fairburn Avenue Elementary School (9/10).

  • Development Ready

    The property includes fully permitted plans for a new build, offering a rare 'shovel-ready' opportunity that eliminates the typical bureaucratic delays and uncertainty of the Los Angeles permitting process.

  • Expansive Private Lot

    Situated on nearly 11,000 square feet of mature, tree-lined grounds, the estate provides exceptional privacy and significant outdoor scale, including a pool and lush landscaping in a prime Brentwood pocket.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Premium Price per Square Foot

    At a list price of $5.85M for approximately 3,048 square feet, the property commands a high price point where buyers may expect more interior living space or a more recent total construction.

  • Lack of Scenic Views

    Despite its prestigious location and significant investment level, the property does not offer the canyon or city light views frequently prioritized by luxury buyers in the Brentwood hills.

About 308 Oceano Drive

Positioned in a coveted, quiet pocket of Brentwood, this English-inspired traditional pairs classic character with meaningful scale. Set on nearly 11,000 square feet of mature, tree-lined grounds, the property offers both privacy and presence, a combination that is increasingly rare in the neighborhood, with significant potential for value add and future expansion.Spanning over 3,000 square feet with four bedrooms and four baths, the home unfolds with warmth and architectural detail throughout. A formal living room anchored by a timeless brick fireplace introduces the home's understated elegance, while the dining room's custom built-ins add depth and functionality. The heart of the home is a generously scaled family room with its own fireplace, flowing naturally into a sunlit rear living space wrapped in floor-to-ceiling French doors, equally suited for casual dining, a playroom, or a relaxed secondary lounge. The layout balances defined rooms with comfortable connectivity, creating spaces that feel both intimate and open. Three first-floor bedrooms are thoughtfully arranged for privacy, while the spacious second-level primary suite serves as a quiet retreat, complete with its own fireplace and garden outlooks. Along with recently refreshed kitchen and bathrooms offering a modern esthetic. Outdoors, the expansive backyard is framed by lush landscaping and anchored by a pool, offering seclusion while being just moments from Brentwood's premier dining, shopping, and schools. For those seeking additional scale, the property includes fully permitted plans for a new build, eliminating uncertainty and providing a clear path toward a larger vision. Whether enjoyed as it stands or thoughtfully enhanced, this offering represents land, character, and long-term potential in one of the Westside's most enduring neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1950
Lot Size
10,810 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Brentwood Science School

Grades K-5 • 0.5 mi

5/10

Brockton Avenue Elementary School

Grades K-5 • 1.0 mi

5/10

Franklin Elementary School

Grades PK-5 • 1.4 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.04.0
50%
Square foot3,0483,064
49%
Lot Size10,81011,647
46%
Price$5.85M$3.81M
72%
Price per sq ft$1.9K$1.4K
87%
Built year19501958
36%
HOA$0$0
50%
Days on market4182
1%

Pricing History

Listed for Sale

Mar 2, 2026

$5,850,000

Initial Listing

Sold

Nov 3, 2023

$4,500,000

Public Record

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