4132 Vanetta Place, Studio City, California 91604, Studio City, 91604 - 2 bed, 4 bath
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4132 Vanetta Place
Studio City, California 91604
ACTIVE
CONDITION: TEAR DOWN
2Beds
4Baths
2,048Sq Ft
13,007Lot Size
Property Price
LIST PRICE$849,750
EST. MARKET VALUE
$1,056,668
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,049,000—positioned well below the $1,056,669 Fair Market Value by 0.7%. Featuring a Condition Rating of 6, the structure requires a complete teardown or extensive restoration, offering a rare 13,007 sqft lot in the prestigious Studio City hills. With proximity to Top-Rated Schools like Warner Avenue Elementary, this asset is a prime candidate for redevelopment. This is an ideal acquisition for Real Estate Developers or Experienced Builders seeking a high-end project.
Estimated Market Value
$1,056,668
Based on Realkey algorithm analyzing recent comparable sales in Studio City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4132 Vanetta Place Subject | $849,750* List Price | 2 | 4 | 2,048 | $516 | - |
A 4132 Vanetta Active | $1,174,950 List Price | 2 | 4 | 2,048 | $574 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1960 and over 50 years old, the structure has sustained significant fire damage and is deemed unlivable and unsafe to enter. It is being marketed for land value and redevelopment.
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 = 13007, living area = 2048.
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Hillside Location
Situated in the prestigious Studio City hills, the property is surrounded by luxury estates and offers close proximity to Ventura Boulevard's premier dining, shopping, and major entertainment hubs like Universal Studios.
CONSRISKS & DEFICIENCIES
- Severe Fire Damage
The existing structure has sustained significant fire damage and is currently a safety hazard, requiring a complete teardown or an extensive, high-cost restoration process.
- Restrictive Sale Conditions
The property is being sold strictly 'as-is' with a preference for cash offers and no seller credits or warranties, limiting the buyer pool to those with immediate liquid capital and high risk tolerance.
About 4132 Vanetta Place
Rare opportunity in the highly sought-after Studio City hills. The existing residence sustained significant fire damage and is being sold AS-IS. This property presents an excellent opportunity for investors, developers, builders, or buyers looking to restore or reimagine the property to suit their vision. Surrounded by luxury homes and ideally located just minutes from Ventura Boulevard, premier dining, shopping, entertainment, Universal Studios, and major commuter routes. Buyer to conduct their own independent investigations regarding the property’s condition, permits, zoning, rebuilding, and all other matters affecting the property. Seller makes no warranties or representations. Cash offers preferred. Property is being sold strictly AS-IS with no repairs, credits, or warranties. Do not enter the structure under any circumstances due to safety concerns. Drive-by only unless accompanied by the listing agent with an approved appointment. Entertainment
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 13,007 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Studio City Unified Schools
Rio Vista Elementary School
Grades K-5 • 2.2 mi
7/10
Wonderland Avenue Elementary School
Grades K-5 • 2.3 mi
9/10
Toluca Lake Elementary School
Grades K-5 • 2.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.7 |
| Baths | 4.0 | 3.7 |
| Square foot | 2,048 | 2,738.333 |
| Lot Size | 13,007 | 7,678.807 |
| Price | $849.8K | $2.13M |
| Price per sq ft | $415 | $896 |
| Built year | 1960 | 1956 |
| HOA | $0 | $0 |
| Days on market | 48 | 62 |
Pricing History
Listed for Sale
Aug 13, 2026
$849,750
$1,049,000
-19% Price Drop
Initial Listing
Price Change
Jul 23, 2026
$1,049,000
Initial Listing
Sold
Nov 19, 2007
$755,000
Public Record