RealKey
‪(213) 433-7766‬

11428 Dona Pegita Drive, Studio City, California 91604, Studio City, 91604 - 4 bed, 3 bath

11428 Dona Pegita Drive, Studio City, California 91604 home-pic-0
ACTIVE$2,250,000
11428 Dona Pegita Drive, Studio City, California 91604
4Beds
3Baths
2,881Sqft
11,607Lot
Year Built
1964
Close
-
List price
$2.25M
Original List price
$2.3M
Price/Sqft
$781
HOA
-
Days on market
-
Sold On
-
MLS number
SR24202525
Home ConditionPoor
Features
Good View: None
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.25M(51th), sqft - 2881(60th), beds - 4(50th), baths - 3(50th).

Rare Opportunity in a Desirable Studio City Location with Stunning Mountain Views. In the highly sought-after Studio City neighborhood above the Blvd., 11428 Dona Pegita Dr. offers stunning mountain views and approved plans for a modern transformation. This property sits on a flat lot nestled into the hillside, providing privacy and scenic surroundings. The approved plans showcase a complete interior remodel featuring a spacious open-concept kitchen and dining area, perfect for entertaining. Luxurious additions like a wine cellar and double-sided fireplace enhance the ambiance. The home retains its 4-bedroom layout with 3.5 updated bathrooms, ensuring plenty of space and comfort. Outdoors, the design includes a sleek knife-edge pool and spa, offering a serene and luxurious environment. Whether the goal is creating a dream home or leveraging a high-demand market, this property holds immense potential for growth and investment in one of Studio City’s most coveted areas. A rare find you won’t want to​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ miss!

Nearby schools

9/10
Wonderland Avenue Elementary School
Public,•K-5•1.2mi
7/10
Rio Vista Elementary School
Public,•K-5•1.3mi
8/10
Valley View Elementary School
Public,•K-6•2.1mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.2mi
9/10
West Hollywood Elementary School
Public,•K-5•2.9mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.2mi
6/10
Walter Reed Middle School
Public,•6-8•1.5mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•3.9mi
6/10
Arroyo Seco Museum Science
Public,•K-8•10.3mi
8/10
North Hollywood Senior High School
Public,•9-12•2.4mi
3/10
East Valley Senior High School
Public,•9-12•2.8mi
6/10
Hollywood Senior High School
Public,•9-12•3.3mi
7/10
Fairfax Senior High School
Public,•9-12•3.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.8mi
6/10
University Senior High School Charter
Public,•9-12•7.5mi
6/10
University Senior High School
Public,•9-12•7.5mi
Condition Rating
Poor
The property, built in 1964, is explicitly marketed with 'approved plans for a modern transformation' and requires a 'complete interior remodel,' indicating its current condition is significantly outdated. Images confirm this, showing a very dated kitchen with old appliances, laminate countertops, and worn flooring, and bathrooms with older vanities, fixtures, and tiling. While the description mentions 'updated bathrooms,' the visual evidence suggests these updates are not recent and the overall aesthetic is far from modern. The property requires substantial rehabilitation to meet contemporary standards, particularly in the kitchen and bathrooms, aligning with the 'poor' condition criteria.
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 = 11607, living area = 2881.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Prime Studio City Location: Located in a highly sought-after Studio City neighborhood, 'above the Blvd,' offering prestige and desirability.
Approved Modernization Plans: Comes with approved plans for a complete modern transformation, including an open-concept interior, luxury amenities like a wine cellar and double-sided fireplace, and a knife-edge pool/spa, significantly de-risking future development for a buyer.
Stunning Mountain Views: The property boasts stunning mountain views and scenic surroundings, enhancing its aesthetic appeal and value.
Strong Investment Potential: Positioned in a coveted area with approved plans, offering immense potential for growth and investment.
Private Flat Lot: Features a private, flat lot nestled into the hillside, providing a desirable and buildable foundation for the planned transformation.

Cons

Significant Price Discrepancy: The listing price of $2.25M is substantially higher than the property's estimated value of $1.6M (-28% estimation ratio), potentially indicating overpricing relative to its current condition or market comparables.
Extensive Renovation Required: Despite approved plans, the property, built in 1964, requires a complete 'modern transformation,' implying significant upfront investment and construction effort from the buyer to realize its full potential.
Conflicting View Information: The property description highlights 'Stunning Mountain Views,' but the structured data field for 'view' is listed as 'None,' which could create confusion or mismanaged expectations for potential buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state