10037 Valley Spring Lane, Toluca Lake, California 91602, Toluca Lake, 91602 - 3 bed, 3 bath

10037 Valley Spring Lane, Toluca Lake, California 91602 home-pic-0
ACTIVE$4,795,000
10037 Valley Spring Lane, Toluca Lake, California 91602
3Beds
3Baths
Sqft
10,840Lot
Year Built
1941
Close
-
List price
$4.79M
Original List price
$5.45M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
24455909
Home ConditionTear down
Features
Excellent View: Golf Course, Hills, Lake, Mountain(s)
ViewGolf Course,Hills,Lake,Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $4.79M(94th), sqft - 0(2th), beds - 3(50th), baths - 3(50th).

An unsurpassable opportunity in the heart of one of Los Angeles' most exclusive enclaves - welcome to a legacy property on the shores of Toluca Lake. Located at the end of a quiet cul-de-sac, this rare, lakefront lot is delivered RTI (Ready-to-Issue) with fully approved plans for a nearly 7,000-square-foot luxury estate - a fast-track, once-in-a-generation chance to reinvent a landmark property with no delays. Retain existing setbacks and break ground immediately. In under a year, bring to life a custom estate that blends architectural sophistication with the timeless appeal of lakefront living. The approved design includes an elevator, an infinity-edge pool overlooking the lake, a state-of-the-art theater, game room, and expansive indoor-outdoor entertaining spaces all strategically positioned to capture sweeping views of Toluca Lake and the San Gabriel Mountains. This isn't just a lot, it's a canvas for generational wealth. Whether you're a developer, builder, or end user, the value of lakefront RTI opportunities in Toluca Lake is unmatched. Steps from the private entrance of the prestigious Toluca Lake Golf Club and surrounded by celebrity estates, this offering delivers prestige, privacy, and potential in one of LA's most tightly held markets. Concept renderings illustrate the scale and vision but the true value lies in the land, the location, and the ability to deliver a world-class home in record time. This is not a project it's a legacy in the making.

Nearby schools

8/10
R. L. Stevenson Elementary School
Public,K-51.1mi
7/10
Rio Vista Elementary School
Public,K-51.1mi
7/10
Toluca Lake Elementary School
Public,K-51.1mi
9/10
Theodore Roosevelt Elementary School
Public,K-51.3mi
8/10
Valley View Elementary School
Public,K-61.5mi
6/10
Walter Reed Middle School
Public,6-82.2mi
5/10
David Starr Jordan Middle School
Public,6-82.3mi
3/10
Hubert Howe Bancroft Middle School
Public,6-84.1mi
6/10
Arroyo Seco Museum Science
Public,K-88.8mi
7/10
Burroughs High School
Public,9-122.1mi
3/10
East Valley Senior High School
Public,9-122.1mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,7-122.2mi
8/10
North Hollywood Senior High School
Public,9-122.6mi
6/10
Hollywood Senior High School
Public,9-123.3mi
Condition Rating
Tear down

The property, built in 1941, is explicitly marketed as a 'lot' with 'RTI (Ready-to-Issue) with fully approved plans for a nearly 7,000-square-foot luxury estate.' The description emphasizes that 'the true value lies in the land, the location, and the ability to deliver a world-class home in record time,' indicating the existing structure is intended for demolition and replacement. There are no interior images of the current home, further suggesting its condition is not a selling point and is likely unlivable or beyond practical repair, aligning with the 'tear-down' criteria where the value is solely on the land and its redevelopment potential.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Prime Lakefront Location: Situated on the shores of Toluca Lake at the end of a quiet cul-de-sac, offering rare and highly sought-after lakefront access and privacy.
Ready-to-Issue (RTI) Approved Plans: Comes with fully approved plans for a nearly 7,000 sq ft luxury estate, allowing for immediate groundbreaking and significantly reducing development time and risk.
Exclusive & Prestigious Neighborhood: Located in one of Los Angeles' most exclusive enclaves, surrounded by celebrity estates and steps from the Toluca Lake Golf Club, ensuring prestige and high-end living.
Exceptional Views: The approved design is strategically positioned to capture sweeping views of Toluca Lake, the San Gabriel Mountains, and golf course vistas.
High Development Potential: Offers a fast-track opportunity to build a custom, world-class luxury home in a tightly held market, representing a significant investment for generational wealth.

Cons

Significant Additional Investment Required: The listed price is for the land and approved plans; the buyer will need substantial additional capital to fund the construction of the nearly 7,000 sq ft luxury estate.
Extensive Construction Project: Despite RTI plans, the buyer must undertake and manage a large-scale construction project, which involves inherent complexities, timelines, and potential unforeseen costs.
Niche Market Appeal: This offering targets a specific buyer pool (developers, builders, or end-users with significant capital for a custom build), potentially limiting the number of interested parties compared to a move-in ready luxury home.

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