
Los Angeles, California 91604
This mid-century residence presents a Strong Value Opportunity, listed at $1,399,000—positioned well below the $1,548,005 Fair Market Value by 9%. This valuation gap offers $149,005 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a high-end chef's kitchen and canyon views, while the 16,577 sqft lot provides significant renovation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term value in the Studio City Hills.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3186 Coldwater Canyon Avenue Subject | $1,399,000* List Price | 3 | 2 | 1,889 | $821 | - |
A 3835 Fairway Avenue Sold | $1,780,000 | 3 | 3 | 2,147 | $829 | 0.6 mi |
B 3760 Avenida Del Sol Sold | $1,670,000 | 3 | 3 | 1,755 | $952 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1958, the property features high-end renovations including a chef's kitchen with a La Cornue range and Miele appliances, plus updated bathrooms with stone finishes and frameless glass. The home appears well-maintained and move-in ready, despite being marketed for its future renovation potential.
This mid-century residence features timeless elements like exposed beam ceilings and a dramatic stone fireplace, complemented by a chef's kitchen equipped with premium La Cornue and Miele appliances.
Situated in the prestigious Studio City Hills near Mulholland Drive, the gated property offers privacy, serene canyon views, and convenient access to both the Westside and Ventura Boulevard's amenities.
With a generous 16,577 square foot lot and a solid 1,889 square foot floor plan, this home presents a rare 'upside' opportunity for buyers to renovate and build significant equity in a sought-after neighborhood.
The property is positioned as a 'reimagine' opportunity, indicating that buyers will likely need to invest additional capital into modernization and repairs to reach its full market potential.
Being located on Coldwater Canyon Avenue, a major thoroughfare, the property may experience higher levels of ambient traffic noise compared to more secluded interior hillside streets.
Timeless architecture meets exceptional potential in this gated single-story residence in the Studio City Hills. Offering approximately 1,889 square feet of living space, the home enjoys a tranquil canyon setting with tremendous upside for buyers looking to personalize a property in one of the area's most desirable hillside locations. Thoughtfully designed with enduring architectural character, the home features three bedrooms, two bathrooms, exposed beam ceilings, rich wood flooring, plus a dramatic mid-century stone fireplace that anchors the spacious living room. Expansive sliding glass doors create a seamless indoor-outdoor connection to the view patio, providing an inviting setting for entertaining while overlooking mature landscaping and a peaceful natural backdrop. The oversized chef's kitchen provides an exceptional foundation for a custom transformation, showcasing elegant marble countertops, extensive cabinetry, a center island, farmhouse sink, a prestigious La Cornue range, double ovens, a wine refrigerator, plus built-in Miele washer and dryers. The spacious primary suite offers exposed beam ceilings, direct access to the outdoors, a generous walk-in closet, plus an en suite bathroom with dual vanities. The updated bathrooms feature stone finishes, including a walk-in shower with a frameless glass enclosure. A gated driveway offers generous off-street parking while enhancing the home's privacy. Located just below Mulholland Drive and moments from TreePeople, the home enjoys convenient access to Ventura Boulevard's acclaimed restaurants, boutique shopping, major studios, scenic hiking trails, plus Westside commuter routes. A rare opportunity to renovate, reimagine, and create lasting value in one of Studio City's most sought-after hillside neighborhoods.
No exterior & parking available.
Grades K-5 • 2.1 mi
Grades K-5 • 2.6 mi
Grades K-5 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,889 | 1,664.159 |
| Lot Size | 16,577 | 6,066.556 |
| Price | $1.40M | $1.35M |
| Price per sq ft | $741 | $806 |
| Built year | 1958 | 1939 |
| HOA | $0 | $278 |
| Days on market | 63 | 55 |
Jul 8, 2026
$1,399,000
Initial Listing
Apr 4, 2013
$875,008
Public Record