3250 Velma Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 2 bath

3250 Velma Drive, Los Angeles, California 90068 home-pic-0
ACTIVE$1,549,000
3250 Velma Drive, Los Angeles, California 90068
3Beds
2Baths
1,918Sqft
4,637Lot
Year Built
1965
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
25499803
Home ConditionFair
Features
Good View: Hills
Deck
Patio
ViewHills

About this home

Possibly Over-Priced:The estimated price is 23% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.55M(31th), sqft - 1918(39th), beds - 3(50th), baths - 2(38th).

Light-filled french mansard style home nestled in the enchanting Hollywood Manor neighborhood surrounded by picturesque views. With 3 bedrooms and 2 bathrooms, the home is bathed in natural light throughout and features elegant parquet hardwood floors, recessed LED lighting, and stunning beamed ceilings. The spacious living room invites relaxation with a cozy fireplace, wired speakers, and ample room for friends and family to gather. The kitchen, accented with soft blue tones, is both stylish and functional, while the adjacent formal dining room, framed by sliding glass doors, opens to a generous outdoor brick patio. This lovely space is ideal for dining al fresco under the twinkling lights, surrounded by lush mature greenery and vibrant fruit trees. The sizable primary suite offers a peaceful retreat with an ample walk-in closet and large windows showcasing serene picturesque treetop views. A sliding glass door opens to a private balcony, where you can listen to the birds chirp as you savor your morning tea and begin your day. The master bathroom boasts a dual vanity, a bathtub, and a separate shower. Adjacent the bright guest bedroom with multiple windows, large custom cedar closet and a third bedroom ideal for a home office or creative studio. This comfortable move in ready home has just what you need, right where you want to be. Just minutes from most major studios, the Hollywood Bowl, Greek Theater, downtown LA & miles of scenic hiking trails circling the Lake Hollywood Reservoir & throughout Griffith Park.

Nearby schools

8/10
Valley View Elementary School
Public,K-60.7mi
7/10
Rio Vista Elementary School
Public,K-51.5mi
8/10
R. L. Stevenson Elementary School
Public,K-51.7mi
7/10
Gardner Street Elementary School
Public,K-62.4mi
6/10
Cheremoya Avenue Elementary School
Public,K-62.5mi
4/10
Selma Avenue Elementary School
Public,K-62.5mi
4/10
Grant Elementary School
Public,K-63.0mi
7/10
Los Feliz STEMM Magnet
Public,K-63.7mi
6/10
Walter Reed Middle School
Public,6-82.6mi
5/10
David Starr Jordan Middle School
Public,6-82.7mi
3/10
Joseph Le Conte Middle School
Public,6-83.2mi
3/10
Hubert Howe Bancroft Middle School
Public,6-83.3mi
6/10
Thomas Starr King Middle School
Public,6-84.6mi
6/10
Hollywood Senior High School
Public,9-122.5mi
7/10
Burroughs High School
Public,9-122.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,7-123.0mi
8/10
North Hollywood Senior High School
Public,9-123.3mi
7/10
Fairfax Senior High School
Public,9-123.6mi
8/10
John Marshall Senior High School
Public,9-124.3mi

Price History

Date
Event
Price
09/19/07
Sold
$925,000
08/04/05
Sold
$875,000
Condition Rating
Fair

The property, built in 1965, is well-maintained and described as 'move-in ready' with elegant parquet hardwood floors, recessed LED lighting, and beamed ceilings. However, the kitchen, while functional with some newer stainless steel appliances (double wall oven, microwave, cooktop), features significantly dated white tile countertops with blue trim and older cabinet styles. The master bathroom is notably outdated with a peach/pink bathtub, green/teal tiled shower with a gold-framed enclosure, and an older vanity. These key areas indicate renovations that are likely 15-30+ years old, rather than recent, and would require substantial cosmetic updates to meet current quality standards. The absence of central air conditioning is also a factor. Therefore, the property falls into the 'Fair' category, as it is aged but maintained, with major components showing signs of being outdated, requiring minor updates or repairs to modernize.
Pros & Cons

Pros

Prime Hollywood Hills Location: Nestled in the enchanting Hollywood Manor neighborhood, the property offers excellent proximity to major studios, entertainment venues like the Hollywood Bowl and Greek Theater, downtown LA, and extensive scenic hiking trails around Lake Hollywood and Griffith Park.
Charming & Well-Maintained Aesthetics: The light-filled French Mansard style home boasts elegant parquet hardwood floors, recessed LED lighting, and stunning beamed ceilings, contributing to a sophisticated and attractive interior that is described as 'move-in ready'.
Enhanced Outdoor Living Spaces: Features a generous outdoor brick patio surrounded by lush mature greenery and vibrant fruit trees, ideal for al fresco dining, complemented by a private balcony off the primary suite offering serene picturesque treetop views.
Spacious & Light-Filled Interiors: The home is 'bathed in natural light throughout' with a spacious living room, cozy fireplace, and wired speakers, creating an inviting and comfortable atmosphere for relaxation and entertaining.
Luxurious Primary Suite: The sizable primary suite provides a peaceful retreat with an ample walk-in closet, large windows showcasing treetop views, a private balcony, and a master bathroom featuring a dual vanity, bathtub, and separate shower.

Cons

Significant Overpricing: The current list price of $1,549,000 is substantially higher (23% above) the property's estimated market value of $1,183,837, which could deter potential buyers and prolong market time.
Lack of Central Air Conditioning: The property description does not mention a cooling system, which can be a significant comfort drawback during Los Angeles's hot months and may require a future investment for installation.
Older Infrastructure & Potential for Future Upgrades: Built in 1965, the home is nearly 60 years old, and while cosmetically 'move-in ready,' major systems (e.g., plumbing, electrical, heating) may be original or older, potentially requiring future investment for modernization or maintenance.

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