4645 Ledge Avenue, Toluca Lake, California 91602, Toluca Lake, 91602 - 7 bed, 6 bath
ACTIVE$3,695,000
4645 Ledge Avenue, Toluca Lake, California 91602
7Beds
6Baths
4,742Sqft
31,171Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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 = 31171, living area = 4742.
Top Cons:
Age and Implied Condition: Built in 1936, the existing house is likely outdated and requires substantial renovation or a complete rebuild, indicating a significant upfront investment beyond the purchase price.
Compared to the nearby listings
Price:$3.69M vs avg $1.95M (+$1,745,000)86%
Size:4,742 sqft vs avg 2,242 sqft92%
Price/sqft:$779 vs avg $89620%
More Insights
Built in 1936 (89 years old).
Condition: Built in 1936, the property's description explicitly suggests to 'renovate the existing house' or 'build your dream estate,' indicating the current structure requires substantial rehabilitation. While functional, the images reveal a dated kitchen with older-style cabinets and countertops, a ceiling fan, and a visible window AC unit, suggesting outdated systems and a lack of modern amenities. No bathroom images are provided, which often implies they are in similar or worse condition. The overall condition necessitates significant investment to meet contemporary standards, aligning with the 'poor' category.
Year Built
1936
Close
-
List price
$3.69M
Original List price
$3.79M
Price/Sqft
$779
HOA
-
Days on market
-
Sold On
-
MLS number
SR25182180
Home ConditionPoor
Features
Pool
Patio
View-
About this home
Expansive and private almost 3/4-acre flat lot has access from dual driveways, one circular at the front of the property on Ledge Avenue, and a second driveway at the rear of the property with a secluded entrance from Kling Street. The possibilities are endless. Renovate the existing house, build your dream estate, or possibly subdivide and build two grand homes on separate lots. For an individual seeking complete privacy and multiple accesses, there is nothing else like it available in Toluca Lake.
Nearby schools
7/10
Toluca Lake Elementary School
Public,•K-5•0.3mi
7/10
Rio Vista Elementary School
Public,•K-5•0.8mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.0mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•1.1mi
8/10
Valley View Elementary School
Public,•K-6•2.3mi
6/10
Walter Reed Middle School
Public,•6-8•1.6mi
5/10
David Starr Jordan Middle School
Public,•6-8•2.4mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.8mi
6/10
Arroyo Seco Museum Science
Public,•K-8•9.6mi
3/10
East Valley Senior High School
Public,•9-12•1.3mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.6mi
8/10
North Hollywood Senior High School
Public,•9-12•1.9mi
7/10
Burroughs High School
Public,•9-12•2.0mi
6/10
Hollywood Senior High School
Public,•9-12•4.1mi
Condition Rating
Poor
Built in 1936, the property's description explicitly suggests to 'renovate the existing house' or 'build your dream estate,' indicating the current structure requires substantial rehabilitation. While functional, the images reveal a dated kitchen with older-style cabinets and countertops, a ceiling fan, and a visible window AC unit, suggesting outdated systems and a lack of modern amenities. No bathroom images are provided, which often implies they are in similar or worse condition. The overall condition necessitates significant investment to meet contemporary standards, aligning with the 'poor' category.
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 = 31171, living area = 4742.
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Exceptional Lot Size & Privacy: The property boasts an expansive, private, and flat lot of almost 3/4-acre (31,171 sqft), which is a rare and highly desirable asset in the Toluca Lake area, offering unparalleled privacy.
Significant Development Potential: The lot offers immense flexibility for future development, including renovating the existing house, building a custom dream estate, or potentially subdividing to construct two grand homes on separate lots.
Dual Street Access: Unique dual driveways from Ledge Avenue (front) and Kling Street (rear) provide superior accessibility, convenience, and enhance the feasibility of subdivision or creating distinct private zones.
Prime Toluca Lake Location: Located in the prestigious Toluca Lake neighborhood, known for its exclusivity, desirability, and strong property values, ensuring a premium address and potential for appreciation.
Substantial Existing Structure: The property includes a large 7-bedroom, 6-bathroom residence spanning 4,742 sqft, providing a significant footprint for extensive renovation or a solid base for a new luxury build.
Cons
Age and Implied Condition: Built in 1936, the existing house is likely outdated and requires substantial renovation or a complete rebuild, indicating a significant upfront investment beyond the purchase price.
Lack of Modern Amenities/Updates: The property description emphasizes land potential rather than the current state of the house, suggesting the existing structure may lack modern amenities and finishes, necessitating extensive modernization.
Recent Price Reductions: Multiple price reductions from the original list price (from $3.995M to $3.695M) could indicate market resistance, initial overpricing, or perceived value concerns, potentially affecting future resale strategy.