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3721 Eureka Drive, Studio City, California 91604, Studio City, 91604 - 9 bed, 12 bath

3721 Eureka Drive, Studio City, California 91604 home-pic-0
ACTIVE$8,500,000$10,000/sqft
3721 Eureka Drive, Studio City, California 91604
9Beds
12Baths
10,000Sqft
83,824Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 83824, living area = 10000.
Top Cons:
Unfinished Project Requiring Completion: This is a development opportunity, not a move-in ready home, requiring the buyer to undertake and fund the substantial remaining construction to bring the 'extraordinary vision to life'.

Compared to the nearby listings

Price:$8.50M vs avg $2.23M (+$6,275,000)99%
Size:10,000 sqft vs avg 2,495 sqft99%
Price/sqft:$850 vs avg $96033%

More Insights

Built in 2025 (1 years old).
Condition: This property is a new construction project with a projected completion year of 2025. While the main residence is currently under construction (foundation and framing complete), the listing explicitly states there is an 'already completed guest house' and a 'Casita with a Kitchen'. The images of the guest house (17-29) show a newly built space with modern, high-quality finishes, including hardwood floors, white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary bathrooms. All visible components in the completed guest house are new or virtually new, meeting current quality standards with no deferred maintenance. The overall offering is a high-end development opportunity for a world-class residence, with significant work already completed and approved plans, indicating an excellent standard for the finished product.
Year Built
2025
Close
-
List price
$8.5M
Original List price
$8.5M
Price/Sqft
$850
HOA
-
Days on market
-
Sold On
-
MLS number
25624467
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic, Valley
Deck
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Panoramic,Valley

About this home

The hard part is done, now the fun part starts. Put your finishes on this extraordinary "top of the world" multi-structure compound estate that has already invested years of creative inspiration and steadfast dedication to secure approved and paid plans from LADBS and the Mulholland Corridor Scenic Review Board for this architectural beauty. Just like 16187 Royal Oak that SOLD for $9.5M and is now on market for $32M, this is an opportunity to finish the build of a world-class residence atop a private, quiet south of Ventura Boulevard cul-de-sac in prime Studio City. Set on over 80,000 square feet of remarkable private, gated grounds. Live in the already completed guest house, while resuming immediate construction on the already completed foundation/framing and retaining walls for the main residence you'll be celebrating your good fortune to live here in a greatly expedited time frame. The estate's expansive lot features a drive-in 3-car garage with an elevator, an additional 3-car garage that accommodates a car lift, Pool and spa, a Pool House, a Casita with a Kitchen, plus a separate detached 1500sf Guest House with additional garage space. Everyone can park anywhere they want, and all your guests and staff enjoy ample street parking on this comfortably wide street, so unusual for up in the hills. There is also a large, flat pad ideal for a pickleball court, sports court or soccer field of grass. This exceptional property combines the rare trifecta of approved plans, substantial completed work, and irreplaceable location ready for an owner or developer to bring an extraordinary vision to life. Experience the best of the hills tranquil, scenic, yet minutes from Ventura Boulevard's fine dining, boutiques, and entertainment with this premier Studio City development opportunity.

C
Craig Knizek
Listing Agent

Nearby schools

7/10
Rio Vista Elementary School
Public,•K-5•0.8mi
7/10
Toluca Lake Elementary School
Public,•K-5•1.6mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•1.6mi
8/10
Valley View Elementary School
Public,•K-6•1.9mi
9/10
West Hollywood Elementary School
Public,•K-5•3.4mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.8mi
6/10
Walter Reed Middle School
Public,•6-8•1.2mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.1mi
6/10
Arroyo Seco Museum Science
Public,•K-8•10.1mi
8/10
North Hollywood Senior High School
Public,•9-12•2.1mi
3/10
East Valley Senior High School
Public,•9-12•2.3mi
6/10
Hollywood Senior High School
Public,•9-12•3.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.7mi
7/10
Fairfax Senior High School
Public,•9-12•3.8mi
6/10
University Senior High School
Public,•9-12•8.1mi
6/10
University Senior High School Charter
Public,•9-12•8.1mi

Price History

Date
Event
Price
03/01/16
Sold
$750,000
Condition Rating
Excellent
This property is a new construction project with a projected completion year of 2025. While the main residence is currently under construction (foundation and framing complete), the listing explicitly states there is an 'already completed guest house' and a 'Casita with a Kitchen'. The images of the guest house (17-29) show a newly built space with modern, high-quality finishes, including hardwood floors, white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary bathrooms. All visible components in the completed guest house are new or virtually new, meeting current quality standards with no deferred maintenance. The overall offering is a high-end development opportunity for a world-class residence, with significant work already completed and approved plans, indicating an excellent standard for the finished product.
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 = 83824, living area = 10000.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Pre-Approved Development: All necessary plans and permits from LADBS and the Mulholland Corridor Scenic Review Board are secured and paid, significantly de-risking and expediting the development process for a world-class estate.
Substantial Construction Progress: The foundation, framing, and retaining walls for the main residence are already completed, along with a fully functional guest house, allowing for immediate construction resumption and on-site living.
Premier & Private Location: Situated 'top of the world' on a private, quiet cul-de-sac south of Ventura Boulevard in prime Studio City, offering tranquility, scenic beauty, and convenient access to upscale amenities.
Expansive Grounds & Planned Amenities: Over 80,000 sq ft of private, gated grounds designed for a multi-structure compound including multiple garages (one with an elevator, another for a car lift), pool/spa, pool house, casita, and a large flat pad for a sports court.
Exceptional Views & High Value Potential: Boasts panoramic city lights, mountain, and valley views, coupled with a clear comparison to a high-value comparable property, indicating significant appreciation potential upon completion.

Cons

Unfinished Project Requiring Completion: This is a development opportunity, not a move-in ready home, requiring the buyer to undertake and fund the substantial remaining construction to bring the 'extraordinary vision to life'.
Significant Additional Capital Investment: Beyond the purchase price, the buyer must be prepared for a multi-million dollar investment to complete the high-end finishes and construction of the main residence and other structures.
Demanding Project Management: Completing a multi-structure compound of this magnitude, even with approved plans, will demand considerable time, expertise, and active project management from the new owner or their appointed team.
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