3468 Oak Glen Drive, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 3 bath

3468 Oak Glen Drive
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 3468 Oak Glen Drive, Los Angeles, California 90068 is currently available with a list price of $1,199,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a teardown or major fixer being sold strictly for land value. Built in 1926 and not renovated in decades, the listing states it will not qualify for traditional financing and requires a cash-only purchase, indicating the structure is likely unlivable or beyond cost-effective repair.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 15429, living area = 2283.
- Exceptional Development Potential
As the largest lot on Oak Glen Drive at over 15,000 square feet, the property features rare street-to-street access and a gentle topography, providing maximum design flexibility for a premier hillside estate.
- Prime Hollywood Hills Location
Situated in the historic Cahuenga Pass, this location offers a perfect balance of canyon tranquility and urban accessibility, with close proximity to major film studios, Universal City, and the Westside.
CONSRISKS & DEFICIENCIES
- Strict Financing Requirements
The property is being sold strictly for land value in as-is condition and will not qualify for traditional financing, limiting the buyer pool to cash-only investors.
- Limited Physical Access
Due to the presence of a guard dog and the 'major fixer' status of the improvements, access is restricted to accepted offers only, making pre-offer due diligence more challenging.
About 3468 Oak Glen Drive
A rare opportunity to acquire a generational parcel in the Hollywood Hills. First time on the market in 38 years, this offering presents a unique chance to secure the largest lot on Oak Glen Drive. Situated on an expansive 15,424 square foot parcel, the property offers exceptional scale and endless possibilities for a future estate or development project. Property is being sold strictly AS-IS for land value. The existing improvements are considered a major fixer or teardown, and the property will not qualify for traditional financing. Access to the house will be provided with an accepted offer only. Cash offers only; NO loan contingencies will be considered. Surrounded by a charming collection of character homes and architectural residences, Oak Glen is located in the historic Cahuenga Pass area of the Hollywood Hills, tucked between Hollywood and Studio City. This peaceful hillside enclave offers convenient access to major studios, Universal City, the Valley, and the Westside. The property enjoys canyon vistas along with views across to Universal Studios, creating a beautiful natural backdrop.The lot features a gentle downslope topography and coveted street to street access from the lower portion of the site, enhancing design flexibility and overall development potential. With substantial frontage and depth, the property presents a rare canvas to create a private retreat with outdoor spaces seldom found on typical Oak Glen parcels. Despite its tranquil setting, the location remains just moments from nearby shopping, dining, and everyday conveniences, offering an ideal balance of privacy and accessibility. Whether envisioned as a modern architectural statement or a timeless hillside estate, this is an exceptional opportunity to capitalize on one of the most significant land offerings in this pocket of the Hollywood Hills. Please do not access the property or disturb the occupant. There is a pitbull on the property. Contact Listing Agents for additional information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 15,429 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Valley View Elementary School
Grades K-6 • 0.8 mi
Rio Vista Elementary School
Grades K-5 • 1.3 mi
R. L. Stevenson Elementary School
Grades K-5 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 22% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,283 | 2,352 | 49% |
| Lot Size | 15,429 | 6,973 | 86% |
| Price | $1.20M | $1.90M | 14% |
| Price per sq ft | $525 | $879 | 10% |
| Built year | 1926 | 1950 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 176 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,199,000
Initial Listing
Sold
Jan 14, 1988
$698,709
Public Record























