3348 Bennett Drive, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 1 bath
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Los Angeles, California 90068
This Hollywood Hills Development Asset is listed at $1,150,000, representing a strategic land-value acquisition on a 6,644 sq ft lot. With a Condition Rating of 6, the property is marketed as a "total redo" requiring an all-cash purchase for a complete teardown or gut-rehabilitation. While the list price sits above the $918,782 Fair Market Value, the Significant Development Upside and potential for Canyon Views drive its long-term value. Located near Valley View Elementary (8/10), this project is an ideal acquisition for Developers or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3348 Bennett Drive Subject | $1,150,000* List Price | 2 | 1 | 1,125 | $817 | - |
A 3219 Tareco Sold | $1,096,000 | 2 | 2 | 1,230 | $891 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'total redo' and an opportunity for developers or contractors, requiring an all-cash purchase. Built in 1949 with no evidence of major renovations in the last 50 years, the structure likely requires demolition or a complete gut-rehabilitation to meet modern standards. The listing focuses on the lot size, location, and potential views rather than the condition of the home, which is characteristic of a tear-down property where the value is primarily in the land.
Situated on desirable Bennett Drive, the property offers exceptional proximity to iconic Los Angeles landmarks including the Hollywood Bowl, Runyon Canyon, and major film studios.
The 6,644 sq ft lot sits on a knoll and is set back from the street, providing a unique canvas for developers or owner-users to build a custom residence with potential for great views.
The property is located within a half-mile of Valley View Elementary, a highly-rated school (8/10), making it an attractive long-term investment for families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6644, other record lot size in square feet = 5545.
Marketed as a 'total redo,' the existing 1949 structure requires significant capital investment for a complete renovation or teardown to reach its full potential.
The requirement for all-cash offers limits the pool of potential buyers to investors and well-capitalized individuals, excluding those who require traditional mortgage financing.
Opportunity Knocks!! Don't miss a chance to acquire this desirable property on beautiful Bennett Drive in the Hollywood Hills. This is a total redo on a 6,644 sq ft lot. The house is set back from the street and sits on a knoll with capacity for a tremendous upside including a great view. Offers to be All Cash. Owner/Users with a Contractor or Developers will appreciate the endless possibilities. This is a great location with close proximity to Hollywood Bowl, Runyon Canyon, Griffith Park, Studios, Shopping, Restaurants and so much more.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 1.6 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 3.0 | 4% |
| Square foot | 1,125 | 2,394 | 4% |
| Lot Size | 6,644 | 7,142 | 44% |
| Price | $1.15M | $1.97M | 9% |
| Price per sq ft | $1.0K | $891 | 73% |
| Built year | 1949 | 1949 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 196 | 1% |
Mar 22, 2026
$1,150,000
Initial Listing