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3863 N Riley Lane, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 3 bath

3863 N Riley Lane, Los Angeles, California 90065 home-pic-0
ACTIVE$1,210,905
3863 N Riley Lane, Los Angeles, California 90065
2Beds
3Baths
1,642Sqft
1,098Lot

Price Vs. Estimate

The estimated value ($1,210,905) is $0 (0%) lower than the list price ($1,210,905). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2025, this home boasts designer fit and finish, high-end Bertazzoni appliances, quartz countertops, LVP flooring, custom cabinets, and champagne bronze finishes, offering a contemporary and luxurious living experience.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1098, living area = 1642.

Compared to the nearby listings

Price:$1.21M vs avg $1.24M ($-30,500)43%
Size:1,642 sqft vs avg 1,545.5 sqft53%
Price/sqft:$737 vs avg $81132%

More Insights

Built in 2025 (0 years old).
Condition: This property is brand new construction, built in 2025, and features designer fit and finish throughout. The kitchen boasts high-end Bertazzoni appliances, durable quartz countertops, custom flat-panel frameless cabinets, and champagne bronze finishes. Bathrooms are equally modern with stylish tiling, glass enclosures, and matching champagne bronze fixtures. LVP flooring, energy-efficient LED recessed lighting, solar panels, and a heat-pump water heater further underscore its excellent, move-in ready condition with no deferred maintenance.
Year Built
2025
Close
-
List price
$1.21M
Original List price
$1.24M
Price/Sqft
$737
HOA
$141.25
Days on market
-
Sold On
-
MLS number
25608173
Home ConditionExcellent
Features
Good View: City Lights, Hills
Deck
ViewCity Lights,Hills

About this home

ADDITIONAL $10K IN BUILDER CREDIT FOR ALL CONTRACTS SIGNED BY 12/31! $50K BUILDER CREDIT ON THIS HOME ONLY (+$10K IF YOU SIGN BY 12/31)! Nelavida is Glassell Park's hottest new single family small lot address, the perfect marriage of SoCal sensibility and boho-luxe living! Nelavida offers 2BR and 3BR homes, each featuring designer fit and finish, roof decks with sweeping views of San Rafael Hills, bonus rooms and energy efficient living for the discerning, design-minded NELA buyer. Nelavida's residents will enjoy high-end appliances including Bertazzoni ranges, durable and sophisticated quartz countertops, LVP flooring, custom flat panel frameless cabinets, champagne bronze finishes and more! This all-electric, eco-friendly community includes solar panels, energy efficient LED recessed lighting, WaterSense labeled plumbing fixtures, and energy efficient heat-pump water heater. Community spaces include a dog park and outdoor entertaining area between palm and pine trees. Only $5,000 deposit to secure your home! Builder is offering $50,000 credit on this home only (+$10K if you sign by 12/31!), toward remaining upgrades, closing costs, rate buy-down, or solar purchase. Inquire for more details! Buyer's agents MUST accompany client on first tour/showing to register. Welcome home! *Marketing photos are of model home. Actual finishes may vary.*

Condition Rating
Excellent
This property is brand new construction, built in 2025, and features designer fit and finish throughout. The kitchen boasts high-end Bertazzoni appliances, durable quartz countertops, custom flat-panel frameless cabinets, and champagne bronze finishes. Bathrooms are equally modern with stylish tiling, glass enclosures, and matching champagne bronze fixtures. LVP flooring, energy-efficient LED recessed lighting, solar panels, and a heat-pump water heater further underscore its excellent, move-in ready condition with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2025, this home boasts designer fit and finish, high-end Bertazzoni appliances, quartz countertops, LVP flooring, custom cabinets, and champagne bronze finishes, offering a contemporary and luxurious living experience.
Significant Financial Incentives: The builder is offering a substantial $50,000 credit (plus an additional $10,000 if signed by 12/31) which can be applied towards upgrades, closing costs, rate buy-down, or solar purchase, providing considerable financial flexibility for the buyer.
Exceptional Energy Efficiency: As an all-electric, eco-friendly home, it includes solar panels, energy-efficient LED lighting, WaterSense plumbing fixtures, and a heat-pump water heater, promising lower utility costs and a reduced environmental footprint.
Desirable Amenities & Views: The property features roof decks with sweeping views of the San Rafael Hills and city lights, along with community amenities such as a dog park and outdoor entertaining area, enhancing lifestyle and appeal.
Prime Location in Glassell Park: Located in Nelavida, described as Glassell Park's 'hottest new single family small lot address,' the property benefits from being in a sought-after and growing NELA neighborhood.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1098, living area = 1642.
Small Lot Size: The property features a very small lot size of 1098 sqft, which significantly limits private outdoor space and may not appeal to buyers seeking a traditional single-family home with a yard.
Association Fee for Single Family Home: A monthly association fee of $141.25 for a single-family residence adds to the ongoing cost of ownership and might be an unexpected or undesirable expense for some buyers.
Pre-Sale/Under Construction Status: With a 'year_built: 2025' and 'on_market_date: 2025-10-19', the property is likely a pre-sale or currently under construction, meaning immediate occupancy is not possible and buyers are purchasing based on plans or model homes.

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