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3929 Fredonia Drive, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 4 bath

3929 Fredonia Drive, Los Angeles, California 90068 home-pic-0
ACTIVE$4,195,000
3929 Fredonia Drive, Los Angeles, California 90068
5Beds
4Baths
4,314Sqft
19,193Lot
Year Built
1951
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$972
HOA
-
Days on market
-
Sold On
-
MLS number
25490145
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,6 Pros. Rank: price - $4.20M(93th), sqft - 4314(92th), beds - 5(90th), baths - 4(65th).

Welcome to 3929 Fredonia Drive, Studio City, California. This newly renovated luxury home sits on a spacious half-acre lot and offers 4,963 sq. ft. of living space, with an additional 3,000 sq. ft. of indoor/outdoor balcony areas. The property boasts stunning city light views and direct vistas of Universal City Studios, enhancing its appeal. The residence features 5 bedrooms, 3 bathrooms, a oversized garage with a tesla supercharger, a swimming pool, a spa, a movie theater, and a gym. The expansive driveway accommodates over 12 cars, while the grounds offer off-street parking for additional vehicles. Each bedroom is designed to take advantage of breathtaking views, with five large bi-folding and sliding doors throughout. The home's layout includes an open floor plan with high ceilings. Both upper and lower levels are connected by an internal stairway and can also function as separate living spaces with their own entrances. This unique hillside retreat combines modern luxury with exceptional design and is nestled away from the city but just minutes from its vibrant life.

Price History

Date
Event
Price
01/20/22
Sold
$2,075,000
01/15/02
Sold
$667,500
06/23/94
Sold
$428,500
Condition Rating
Excellent
Despite being built in 1951, the property has undergone a 'newly renovated' luxury transformation, as stated in the description and evidenced by the images. The kitchen features modern white shaker cabinets, white quartz countertops, a large island, and professional-grade stainless steel appliances, all appearing brand new. The bathrooms are equally impressive with sleek vanities, contemporary fixtures, glass-enclosed walk-in showers with rain heads, and high-quality tile work. Throughout the home, light wood flooring, recessed lighting, and large bi-folding doors contribute to a modern, high-end aesthetic. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a property extensively renovated within the last 5 years.
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 = 19193, living area = 4314.
Luxury Amenities Package: The property offers a comprehensive luxury lifestyle with a swimming pool, spa, movie theater, gym, and an oversized garage equipped with a Tesla supercharger.
Exceptional Views: Boasts stunning city light views and direct vistas of Universal City Studios, with every bedroom designed to take advantage of these breathtaking panoramas.
Spacious & Flexible Layout: Features 4,963 sq. ft. of living space plus 3,000 sq. ft. of indoor/outdoor balcony areas, an open floor plan, high ceilings, and the versatility of separate living spaces with independent entrances.
Extensive Parking Capacity: Provides an expansive driveway accommodating over 12 cars, along with additional off-street parking, a significant advantage in the Los Angeles area.
Modern Renovation & Design: Recently renovated to a luxury standard, incorporating modern design elements like large bi-folding and sliding doors, enhancing contemporary appeal and indoor-outdoor flow.

Cons

Significant Overpricing Indication: The listing price of $4.195M is substantially higher than the estimated property value, indicated by a -47% estimation ratio, suggesting potential overvaluation in the current market.
Suboptimal Bathroom-to-Bedroom Ratio: With 3 bathrooms for 5 bedrooms, the ratio is lower than typically expected for a luxury home of this size and price point, potentially impacting convenience for residents and guests.
Unspecified Renovation Scope on Older Structure: While 'newly renovated,' the 1951 original build year raises questions about the extent of updates to core infrastructure (e.g., plumbing, electrical, foundation), which are not detailed in the description.

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