5940 Manola Way, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 4 bath
5940 Manola Way
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 5940 Manola Way, Los Angeles, California 90068 reveals a Fairly Priced Property with a current list price of $2,690,000 aligned with the estimated $2,629,614 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5940 Manola Way Subject | $2,690,000* List Price | 4 | 4 | 3,316 | $793 | - |
A 5693 Spreading Oak Drive Sold | $3,200,000 | 5 | 5 | 3,560 | $899 | 0.3 mi |
B 6491 Rodgerton Drive Sold | $2,850,000 | 3 | 4 | 3,427 | $832 | 0.8 mi |
C 2280 Holly Drive Sold | $2,300,000 | 4 | 5 | 2,994 | $768 | 0.7 mi |
D 6469 Rodgerton Drive Sold | $2,300,000 | 3 | 3 | 2,924 | $787 | 0.8 mi |
E 6607 Cahuenga Terrace Sold | $1,999,000 | 4 | 5 | 2,969 | $673 | 0.8 mi |
F 2146 Beachwood Terrace Active | $1,995,000 List Price | 6 | 4 | 3,032 | $658 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1986, the property has clearly undergone extensive and recent high-end renovations. The kitchen features modern white cabinetry, granite countertops, and top-of-the-line Viking stainless steel appliances, including a wine refrigerator. Bathrooms boast contemporary vanities, marble-look countertops, large walk-in showers with subway tile, and a soaking tub, all appearing virtually new. Dark hardwood flooring is prevalent throughout, and lighting fixtures are modern. The professional recording studio also indicates significant recent investment and a turnkey condition. The overall aesthetic and finishes meet current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Specialized Live/Work Studio
Features a rare, turnkey 1,400 sq ft professional recording/podcast studio with a separate entrance, ideal for creative professionals and offering income potential.
- Exceptional Views
Boasts panoramic city and canyon views, including desirable city lights, significantly enhancing the property's luxury appeal and value.
- High-End Interior Finishes
Equipped with a chef's kitchen featuring Viking appliances, an oversized island, and wine refrigerator, alongside a primary suite with a fireplace, spa-style bath, soaking tub, and dual walk-in closets.
CONSRISKS & DEFICIENCIES
- Niche Market Appeal
The highly specialized recording studio, while a strength for some, may limit the pool of potential buyers who do not require or value such a dedicated space.
- Age of Property
Built in 1986, the property is approaching 40 years old, which may suggest the need for updates to systems (e.g., HVAC, plumbing, electrical) or general modernization beyond the highlighted luxury features.
- Recent Price Adjustment
A recent price reduction from $2.8M to $2.69M could indicate an initial overpricing or extended market time, potentially raising questions for prospective buyers.
About 5940 Manola Way
Luxury East Hollywood Hills home with a turnkey professional recording studio, podcast studio, and content creation space a rare live/work property for musicians, producers, creators, and digital entrepreneurs. The historic Mothership Studio features approx. 1,400 sq ft of sound-designed production space with a live room, vocal booth, lounge, private bedroom and bath, plus separate entrance for clients or income potential. Ideal for music production, podcasting, filming, streaming, and creative business use.The main home offers panoramic city and canyon views, open-concept living, and a chef's kitchen with Viking appliances, oversized island, and wine refrigerator. The primary suite includes a fireplace, spa-style bath, soaking tub, and dual walk-in closets.Enjoy private outdoor spaces with courtyard, terraced decks, and landscaped gardens perfect for entertaining or content shoots. A separate flexible structure works as a home office, studio, gym, or guest space, plus a three-car garage. A truly unique luxury live/work opportunity in one of LA's most sought-after hillside neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 5,315 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.5 mi
Grant Elementary School
Grades K-6 • 0.9 mi
Selma Avenue Elementary School
Grades K-6 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 3,316 | 2,363 | 73% |
| Lot Size | 5,315 | 6,972 | 24% |
| Price | $2.69M | $1.90M | 74% |
| Price per sq ft | $811 | $879 | 39% |
| Built year | 1986 | 1951 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 151 | 176 | 34% |
Pricing History
Listed for Sale
Jan 30, 2026
$2,690,000
$2,800,000
-4% Price Drop
Initial Listing
Price Change
Oct 6, 2025
$2,800,000
Initial Listing
Sold
Sep 20, 2016
$2,450,000
Public Record
Sold
Sep 29, 2015
$1,500,000
Public Record