3964 Fredonia Drive, Los Angeles, California 90068, Los Angeles, 90068 - 3 bed, 3 bath
ACTIVE$2,499,999
3964 Fredonia Drive, Los Angeles, California 90068
3Beds
3Baths
2,429Sqft
11,434Lot
Year Built
1958
Close
-
List price
$2.5M
Original List price
$2.75M
Price/Sqft
$1,029
HOA
-
Days on market
-
Sold On
-
MLS number
SR25007264
Home ConditionPoor
Features
Excellent View: City Lights
Patio
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.50M(72th), sqft - 2429(61th), beds - 3(50th), baths - 3(50th).
Price History
Date
Event
Price
04/26/19
Sold
$1,419,500
Condition Rating
Poor
Built in 1958, this property is over 60 years old. The listing explicitly states a 'potential for extensive updates' and 'significant modernization and upgrades' are needed to meet contemporary buyer expectations. The absence of interior images, particularly for the kitchen and bathrooms, combined with the property's age, strongly suggests these areas are severely outdated and require substantial renovation. Major systems (electrical, plumbing, HVAC) are likely beyond their expected lifespan and would need significant repairs or replacement.
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 = 11434, living area = 2429.
Prime Location: Situated in the highly desirable Hollywood Hills West (Sunset Strip area), offering prestige and strong market appeal.
Desirable City Lights View: Features a sought-after 'City Lights' view, a premium amenity in the Los Angeles market that enhances value and appeal.
Generous Lot Size: With a lot size of 11,434 sqft, the property offers ample outdoor space and potential for landscaping, expansion, or adding amenities.
Spacious Interior: At 2,429 sqft with 3 beds and 3 baths, the home provides a comfortable and functional living space.
Recent Price Adjustment: The reduction from the original list price of $2.75M to $2.499M indicates a motivated seller and a potentially more competitive offering.
Cons
Significant Price Discrepancy: The current list price is substantially higher than both the property's estimated value ($1.7M) and its last recorded sale price ($1.4M in 2019), suggesting a potential disconnect with current market value or condition.
Potential for Extensive Updates: Built in 1958, and lacking details on recent renovations, the property may require significant modernization and upgrades to meet contemporary buyer expectations and compete with more recently updated homes in the area.
Absence of Key Luxury Amenities: The property description does not highlight common luxury features such as a swimming pool, high-end appliances, or extensive outdoor entertainment areas, which are often expected in this price bracket within the Hollywood Hills.