3200 Oakley Drive, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 5 bath

3200 Oakley Drive, Los Angeles, California 90068 home-pic-0
ACTIVE$4,995,000
3200 Oakley Drive, Los Angeles, California 90068
5Beds
5Baths
4,600Sqft
69,915Lot
Year Built
1950
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$1,086
HOA
-
Days on market
-
Sold On
-
MLS number
25490011
Home ConditionPoor
Features
Excellent View: City Lights, Mountain(s), Valley, Trees/Woods
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Valley,Trees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $5.00M(97th), sqft - 4600(92th), beds - 5(90th), baths - 5(82th).

Introducing "Seijaku", an exceptional development opportunity nestled on a serene and private 1.6-acre gated compound in the prestigious Hollywood Hills. This rare gem offers sweeping views of Universal Studios, the Santa Monica Mountains, and the San Fernando Valley, providing an unparalleled canvas for visionary transformation.As you approach through the exclusive gated entrance, a picturesque, winding driveway leads you to a generous motor court, capable of accommodating up to ten vehicles. The property currently features a charming traditional home, which offers a unique opportunity for either a comprehensive renovation or a complete reimagining into a grand, bespoke estate.Beyond the home, the expansive backyard reveals a pool and spa set against breathtaking vistas, creating an ideal backdrop for both lavish entertaining and peaceful relaxation. The vast grounds are brimming with development potential, offering the perfect setting for a range of bespoke amenities, including a luxurious wellness retreat, cutting-edge recording studios, verdant edible gardens, or a dynamic Pickleball or Padel court.Strategically located near the finest restaurants, entertainment venues, shopping, and nightlife that Hollywood and Studio City have to offer, "Seijaku" provides both privacy and proximity to the vibrant pulse of the city. This property represents a rare opportunity to create a personalized compound or to preserve the charm of an existing traditional estate, situated on one of the largest and most coveted lots in the area.Conceptual renderings are provided to illustrate the potential for development on this site. Prospective buyers are encouraged to conduct their own due diligence with local design review boards, ordinances, architects, land use consultants, and other relevant professionals to explore the full scope of possibilities.

Nearby schools

8/10
Valley View Elementary School
Public,K-60.9mi
7/10
Rio Vista Elementary School
Public,K-51.3mi
7/10
Gardner Street Elementary School
Public,K-62.1mi
8/10
R. L. Stevenson Elementary School
Public,K-52.3mi
4/10
Selma Avenue Elementary School
Public,K-62.5mi
6/10
Cheremoya Avenue Elementary School
Public,K-62.8mi
4/10
Grant Elementary School
Public,K-63.3mi
7/10
Los Feliz STEMM Magnet
Public,K-64.2mi
6/10
Walter Reed Middle School
Public,6-82.2mi
3/10
Hubert Howe Bancroft Middle School
Public,6-83.2mi
3/10
Joseph Le Conte Middle School
Public,6-83.4mi
5/10
David Starr Jordan Middle School
Public,6-83.4mi
6/10
Thomas Starr King Middle School
Public,6-85.0mi
6/10
Hollywood Senior High School
Public,9-122.5mi
8/10
North Hollywood Senior High School
Public,9-123.0mi
7/10
Fairfax Senior High School
Public,9-123.2mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,7-123.3mi
7/10
Burroughs High School
Public,9-123.3mi
8/10
John Marshall Senior High School
Public,9-124.9mi

Price History

Date
Event
Price
10/31/18
Sold
$3,398,000
03/10/16
Sold
$2,410,000
Condition Rating
Poor

The property, built in 1950, is explicitly described as an 'exceptional development opportunity' requiring 'either a comprehensive renovation or a complete reimagining into a grand, bespoke estate.' The actual interior photos (images 9 and 10) show dated traditional elements like hardwood floors, a brick fireplace, and traditional windows/shutters, consistent with a home of its age that has not undergone recent major renovations. Crucially, no actual photos of the kitchen or bathrooms are provided, which, combined with the description, strongly suggests these areas are severely outdated and require substantial repairs and rehabilitation. The conceptual renderings (images 5, 7, 8) highlight the *potential* for a modern estate, not the current condition. The property analysis also lists 'Dated Existing Structure' and 'Substantial Additional Investment Required' as weaknesses, aligning with a 'poor' condition where major components require significant repair or replacement.
Pros & Cons

Pros

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 = 69915, living area = 4600.
Exceptional Development Opportunity: The 1.6-acre lot offers an unparalleled canvas for creating a bespoke luxury estate or multi-amenity compound, with conceptual renderings provided to illustrate potential.
Unrivaled Privacy & Exclusivity: A serene, gated 1.6-acre compound with a private winding driveway and ample motor court ensures ultimate seclusion in a prime location.
Panoramic & Sweeping Views: Offers breathtaking, expansive views of Universal Studios, the Santa Monica Mountains, and the San Fernando Valley.
Prime Hollywood Hills Location: Strategically situated with convenient access to Hollywood and Studio City's finest dining, entertainment, and nightlife.
Rare & Expansive Lot Size: Described as one of the largest and most coveted 1.6-acre lots in the Hollywood Hills, providing significant space and investment value.

Cons

Dated Existing Structure: The 1950-built traditional home requires either a comprehensive renovation or complete demolition, adding significant cost and effort for the buyer.
Substantial Additional Investment Required: The property is primarily a development opportunity, necessitating considerable capital beyond the purchase price for construction or extensive upgrades.
Complex Development Process: Realizing the full potential of the site will involve navigating local design review boards, ordinances, and engaging multiple professionals, indicating a potentially lengthy and intricate development timeline.

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