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

308 Oceano Drive
Los Angeles, California 90049
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Oceano Drive Subject | $5,850,000* List Price | 4 | 4 | 3,048 | $1,786 | - |
A 12033 Kearsarge Street Sold | $4,100,000 | 3 | 4 | 2,287 | $1,793 | 0.2 mi |
B 418 N Bowling Green Way Sold | $4,125,000 | 5 | 4 | 2,969 | $1,389 | 0.6 mi |
C 279 S Westgate Avenue Sold | $5,244,900 | 3 | 4 | 3,485 | $1,505 | 0.1 mi |
D 125 S Medio Drive Sold | $6,735,000 | 4 | 5 | 3,848 | $1,750 | 0.5 mi |
E 233 S Saltair Avenue Sold | $7,075,000 | 4 | 6 | 4,113 | $1,720 | 0.1 mi |
F 11948 S Saltair Terrace Active | $5,150,000 List Price | 4 | 5 | 3,013 | $1,709 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Brockton Avenue Elementary School
Grades K-5 • 1.0 mi
Franklin Elementary School
Grades PK-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,048 | 3,064 | 49% |
| Lot Size | 10,810 | 11,647 | 46% |
| Price | $5.85M | $3.81M | 72% |
| Price per sq ft | $1.9K | $1.4K | 87% |
| Built year | 1950 | 1958 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 182 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$5,850,000
Initial Listing
Sold
Nov 3, 2023
$4,500,000
Public Record


























