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4240 Reyes Drive, Los Angeles, California 91356, Los Angeles, 91356 - 4 bed, 5 bath

4240 Reyes Drive, Los Angeles, California 91356 home-pic-0
ACTIVE$2,750,000$3,834/sqft
Est. Value: $2,275,569
-17%
AboveEstimate
4240 Reyes Drive, Los Angeles, California 91356
4Beds
5Baths
3,834Sqft
13,552Lot

Price Vs. Estimate

The estimated value ($2,275,568.75) is $474,431.25 (17%) lower than the list price ($2,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Custom Rebuilt & High-Quality Construction: The property was 'rebuilt in 2000' and 'meticulously constructed to achieve timeless beauty and structural integrity,' indicating superior craftsmanship and durability compared to typical homes of its original 1965 vintage.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3834, other record living area = 3492. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.

Compared to the nearby listings

Price:$2.75M vs avg $1.80M (+$952,000)82%
Size:3,834 sqft vs avg 2,997.5 sqft76%
Price/sqft:$717 vs avg $65065%

More Insights

Built in 1965 (61 years old).
Condition: The property was extensively rebuilt in 2000, placing its last major renovation 24 years ago, which falls within the 'Fair' category's 15-30 year renovation timeframe. While the home is meticulously maintained and features high-end materials, the kitchen's traditional cream cabinetry and dark granite, along with the bathrooms' specific marble choices and gold fixtures, reflect styles that are now considered outdated, requiring minor cosmetic updates to align with current trends.
Year Built
1965
Close
-
List price
$2.75M
Original List price
$2.9M
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33811
Home ConditionFair
Features
View-

About this home

Welcome to this stunning, custom-reimagined estate nestled on a premier corner lot in the highly sought-after Tarzana hills. Originally built in 1965 and rebuilt in 2000, this home was meticulously constructed to achieve the timeless beauty and structural integrity it showcases today. The moment you step through the front door, you are greeted by an elegant formal living room featuring views of the lush backyard, immediately setting a tone of serenity and light. Designed for those who love to host, the heart of the home is an entertainer's delight, boasting a chefs dream kitchen with an oversized central island that serves as the focal point, complemented by high-end finishes and extensive built-in functional cabinetry for seamless organization. Adjacent to the kitchen, the spacious formal dining room offers a refined space for hosting guests in style. Every bedroom in this residence is a true suite, featuring its own private en-suite bathroom. Custom closets were built in each bedroom, one offers a premium cedar-lined closet, adding a touch of classic craftsmanship and protection for your wardrobe. The floor plan flows effortlessly to the exterior, where the backyard oasis awaits. Whether you're hosting a summer gathering or enjoying a quiet evening, the sparkling pool and manicured grounds offer the perfect backdrop. The home is fully enclosed by both walls and a controlled privacy gate, offering a secluded sanctuary. A 3 car garage provides ample space for vehicles plus dedicated storage areas.Experience the rarity of a home at 4240 Reyes Dr, built for both grand entertaining and intimate comfort--a true masterpiece of custom estate charm in the heart of Tarzana.

D
Danielle Izen
Listing Agent

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•1.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•2.3mi
6/10
Newcastle Elementary School
Public,•K-5•3.0mi
8/10
Lanai Road Elementary School
Public,•K-5•3.1mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.3mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.7mi
5/10
William Mulholland Middle School
Public,•6-8•3.7mi
3/10
William Mulholland Middle School
Public,•6-8•3.9mi
4/10
Reseda Senior High School
Public,•9-12•3.0mi
Condition Rating
Fair
The property was extensively rebuilt in 2000, placing its last major renovation 24 years ago, which falls within the 'Fair' category's 15-30 year renovation timeframe. While the home is meticulously maintained and features high-end materials, the kitchen's traditional cream cabinetry and dark granite, along with the bathrooms' specific marble choices and gold fixtures, reflect styles that are now considered outdated, requiring minor cosmetic updates to align with current trends.
Pros & Cons

Pros

Custom Rebuilt & High-Quality Construction: The property was 'rebuilt in 2000' and 'meticulously constructed to achieve timeless beauty and structural integrity,' indicating superior craftsmanship and durability compared to typical homes of its original 1965 vintage.
Gourmet Chef's Kitchen: Features a 'chefs dream kitchen with an oversized central island,' 'high-end finishes,' and 'extensive built-in functional cabinetry,' making it ideal for culinary enthusiasts and entertaining.
Luxurious En-Suite Bedrooms: Every bedroom in this residence is a true suite, featuring its own private en-suite bathroom and custom closets, offering exceptional comfort and privacy for residents and guests.
Private Resort-Style Backyard: The 'backyard oasis' includes a 'sparkling pool and manicured grounds,' complemented by 'walls and a controlled privacy gate,' creating a secluded and ideal space for relaxation and entertaining.
Desirable Tarzana Hills Location: Situated on a 'premier corner lot in the highly sought-after Tarzana hills,' providing a prestigious address and potential for strong appreciation.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3834, other record living area = 3492. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Multiple Price Reductions: The property has undergone multiple price reductions from its original list price of $2.9M to $2.75M, indicating potential market resistance or an initial overvaluation, which could prolong time on market.
Lack of Panoramic Views: Despite its location in the 'Tarzana hills,' the property explicitly states 'view: None,' which may be a significant drawback for buyers seeking expansive or city views typically associated with hillside estates.
Mixed School Ratings: While some nearby schools have good ratings, several public elementary and middle schools show ratings of 3-5, which might be a concern for families prioritizing top-tier public education options.
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