
Studio City, California 91604
Analysis of 3721 Eureka Drive, Studio City, California 91604 is currently available with a list price of $8,500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Studio City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
While the listing indicates a 2025 build date, the property is currently an unfinished construction shell. The main 10,000 sqft residence lacks all essential systems (HVAC, electrical, plumbing) and interior finishes, including kitchens and bathrooms. The primary structure is unlivable and requires total completion/rehab, and the pool is an unfinished concrete shell with stagnant water.
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.
Elementary School: Warner Avenue Elementary School (9/10).
The property offers a significantly expedited construction timeline with fully approved and paid plans from LADBS and the Mulholland Corridor Scenic Review Board, featuring already completed foundation, framing, and retaining walls.
The main residence is currently an active construction site, requiring the buyer to manage the remaining build-out and finish selection, which may not appeal to those seeking a move-in ready home.
Beyond the $8.5 million purchase price, the buyer must have substantial liquid capital and a high risk tolerance to complete a 10,000-square-foot luxury project to modern standards.
View properties offer soul-lifting inspiration and soothing serenity. Views of those immovable majestic mountains that are themselves a work of natural art, are priceless.Everyday. Day after day. Watching dawn turn to dusk, and the soft pink light of twilight fading to reveal the ocean of sparkling diamond twinkling lights of the iconic city below. Views like those are a tonic for the soul. A beautiful life. 3717 and 3721 Eureka-A rare promontory flat lot perched off a quiet street, opening to an incredible entertainer's dream house. 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. 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 its architectural beauty. The hard part is done, now the fun part starts! Live in the already completed guest house, or not, 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 the life here in a greatly expedited time frame. Eureka is a world apart just moments to the best schools, dining and conveniences of vibrant Ventura Blvd this estate is adjacent to the city's most illustrious private schools Harvard-Westlake, Oakwood, Campbell Hall, and the coveted public education of Carpenter Community Charter School and Walter Reed STEAM Magnet Middle School. It's amazing to have these epic views, yet so close to all the major Hollywood studios, the world's best airport (Burbank), the best restaurants and shopping, as well as in close proximity to Van Nuys' private airport. Set below grade, invisible from the street, the estate's expansive lot (and 7 foot permitted security wall ) features a drive-in 3-car garage with elevator access to the house below, an additional 3-car garage behind security gates, a 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 will enjoy ample street parking on this comfortably wide street, so unusual for elevated hillside view property. A sport court fan? There is also a large, flat pad ideal for a pickleball court, sports court or soccer field of grass.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.6 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 4.0 | 99% |
| Baths | 12.0 | 4.0 | 99% |
| Square foot | 10,000 | 2,595.5 | 99% |
| Lot Size | 83,824 | 8,899 | 99% |
| Price | $8.50M | $2.23M | 99% |
| Price per sq ft | $850 | $890 | 46% |
| Built year | 2025 | 1959 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 153 | 146 | 59% |
Jan 5, 2026
$8,500,000
Initial Listing
Mar 1, 2016
$750,000
Public Record