4538 Lemp Avenue, Studio City, California 91602, Studio City, 91602 - 5 bed, 5 bath

4538 Lemp Avenue, Studio City, California 91602 home-pic-0
ACTIVE$2,299,000
4538 Lemp Avenue, Studio City, California 91602
5Beds
5Baths
3,300Sqft
11,325Lot
Year Built
1939
Close
-
List price
$2.3M
Original List price
$2.4M
Price/Sqft
$697
HOA
-
Days on market
-
Sold On
-
MLS number
25501761
Home ConditionGood
Features
Pool
Spa
Patio
ViewPool

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.30M(63th), sqft - 3300(78th), beds - 5(82th), baths - 5(80th).

The Best Value in Studio City! This sprawling single-level Ranch-style home sits on a rare quarter-acre double lot, offering unmatched space, privacy, and comfort for the whole family. With a massive grassy yard, sparkling pool and spa, and lush landscaping, the property feels like a private retreat right in the heart of the city. Inside, you'll find 5 spacious bedrooms, 4.5 updated bathrooms, and over 3,300 square feet of thoughtfully designed living space. The open floor plan flows effortlessly, with rich hardwood floors and natural light creating a warm, inviting atmosphere throughout. The gourmet kitchen is a chef's dream, featuring custom cabinetry, granite countertops, a large breakfast bar, and high-end stainless steel appliances, including a Thermador range. All perfectly positioned to overlook the cozy family room with fireplace. Entertain in style in the elegant formal living and dining rooms, or relax in the peaceful primary suite with a walk-in closet and serene backyard views. A guest suite with its own fireplace and en-suite bath adds versatility for visitors, extended family, or a home office setup.Located in a prime Studio City neighborhood just minutes from top-rated schools, Tujunga Village, and popular shopping and dining, this home offers the ideal balance of spacious suburban living with unbeatable city access.

Condition Rating
Good

This 1939-built home has undergone extensive and high-quality renovations, making it move-in ready. The gourmet kitchen features custom cabinetry, granite countertops, modern pendant lighting, and high-end Thermador stainless steel appliances. The 4.5 bathrooms are updated with modern vanities, fixtures, and tiling (e.g., hexagonal floor tiles, subway tile backsplash). Rich hardwood floors are present throughout the living areas and bedrooms, and recessed lighting provides a contemporary feel. While the property's original build year is old, the visible updates and overall pristine condition suggest a comprehensive renovation within the last 5-15 years, aligning with 'Good' condition criteria.
Pros & Cons

Pros

Expansive Outdoor Living: The property boasts a rare quarter-acre double lot featuring a massive grassy yard, sparkling pool, spa, and lush landscaping, creating a private urban oasis.
Generous & Updated Interior: With over 3,300 square feet, 5 spacious bedrooms, and 4.5 updated bathrooms, the home offers an open floor plan, rich hardwood floors, and abundant natural light.
Gourmet Chef's Kitchen: The gourmet kitchen is a highlight, equipped with custom cabinetry, granite countertops, a large breakfast bar, and high-end Thermador stainless steel appliances.
Prime Studio City Location: Located in a highly desirable Studio City neighborhood, offering excellent proximity to top-rated schools, Tujunga Village, and popular shopping and dining.
Versatile Guest Suite: A dedicated guest suite with its own fireplace and en-suite bath provides exceptional flexibility for visitors, extended family, or a private home office.

Cons

Significant Overpricing: The current listing price is 14% above the estimated property value, indicating a potential overvaluation in the current market.
Historic Property Age: Built in 1939, the property's age, despite updates, may suggest potential for unseen maintenance or system upgrades (e.g., HVAC, plumbing, electrical) not explicitly detailed.
Recent Price Reduction: A recent price reduction from $2.4M to $2.299M could signal initial overpricing or extended market time, potentially influencing buyer perception.

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