4645 Ledge Avenue, Toluca Lake, California 91602, Toluca Lake, 91602 - 7 bed, 6 bath
ACTIVE$3,749,000$4,742/sqft
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 of Existing Home: Built in 1936, the current 7-bed, 6-bath residence likely requires substantial renovation or is considered a tear-down for new construction, implying significant additional investment.
Compared to the nearby listings
Price:$3.75M vs avg $1.77M (+$1,974,000)85%
Size:4,742 sqft vs avg 2,030 sqft93%
Price/sqft:$791 vs avg $92729%
More Insights
Built in 1936 (90 years old).
Condition: Built in 1936, the property is significantly aged. While some cosmetic updates have been made to the kitchen (painted cabinets, some newer appliances), the overall style, layout, and several bathrooms are very outdated, requiring substantial renovation. The listing description itself suggests the existing residence 'likely requires substantial renovation or is considered a tear-down for new construction,' indicating the property's value is primarily in the land and its redevelopment potential, not the current structure's condition.
Year Built
1936
Close
-
List price
$3.75M
Original List price
$4M
Price/Sqft
$791
HOA
-
Days on market
-
Sold On
-
MLS number
SR26000764
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.
S
Simon Mills
Listing Agent
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
Price History
Date
Event
Price
11/19/15
Sold
$2,000
05/02/03
Sold
$1,350,000
Condition Rating
Poor
Built in 1936, the property is significantly aged. While some cosmetic updates have been made to the kitchen (painted cabinets, some newer appliances), the overall style, layout, and several bathrooms are very outdated, requiring substantial renovation. The listing description itself suggests the existing residence 'likely requires substantial renovation or is considered a tear-down for new construction,' indicating the property's value is primarily in the land and its redevelopment potential, not the current structure's condition.
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).
Expansive & Private Lot: An almost 3/4-acre flat lot (31,171 sqft) offers exceptional space and privacy, a rare find in the Toluca Lake area.
Significant Development Potential: The property presents diverse opportunities, including renovating the existing home, building a custom dream estate, or subdividing for two grand homes.
Prime Toluca Lake Location: Situated in the highly sought-after and affluent Toluca Lake neighborhood, ensuring strong desirability and long-term value.
Dual Street Access: Unique dual driveways from Ledge Avenue and Kling Street provide enhanced privacy, convenience, and flexibility for future development or subdivision.
Market Rarity: Described as unparalleled in Toluca Lake for its combination of privacy and multiple accesses, making it a unique and exclusive offering.
Cons
Age of Existing Home: Built in 1936, the current 7-bed, 6-bath residence likely requires substantial renovation or is considered a tear-down for new construction, implying significant additional investment.
Recent Price Adjustment: A recent price reduction from $4,000,000 to $3,749,000 suggests potential initial overpricing or challenges in market absorption at the higher price point.
Absence of Desirable Views: The property description indicates 'None' for views, which could be a drawback for buyers seeking scenic vistas in a luxury market.