tomo logo

$1,790,000

Beds
2
Baths
1.5
sq ft
1,488

3716 Berry Dr, Studio City, CA 91604

3716 Berry Dr

Studio City, CA 91604

  • Pending
**Rare Opportunity in the Mulholland Scenic Corridor of Studio City** – Own over half an acre in this highly desirable location. This Tuscan-inspired home features 2 bedrooms, 1.5 baths, and a detached office/guest house (permitted as a 1-car garage) with breathtaking panoramic views of the mountains and city, surrounded by nature and frequent deer sightings. Located on the coveted north side of Berry Drive, the property feeds into the award-winning Carpenter Community Charter School. A winding private driveway offers an exclusive retreat, providing a tranquil escape from city life while just minutes away from the trendy restaurants and shopping on Ventura Boulevard. For builder-developers, this property presents vast potential to create a luxurious private oasis, in line with nearby multi-million-dollar estates. Beneath the main house lies a hidden gem—an expansive 900+ sq ft storage area with 10-ft ceilings, exposed wooden beams, electrical and plumbing at the ready, offering exciting possibilities for creative renovation. The generous lot size allows for preserving the current home while adding one or more additional residences. The home has a remodeled kitchen featuring stainless steel appliances, granite countertops and skylights. Other upgrades include 220V electrical panel, a tankless water heater, and a newer sewer line with two cleanout locations. The homeowners previously secured approved expansion plans for over 1,200 sq ft of additional living space and invested significantly in foundational improvements, including 21 caissons anchored into the bedrock and a retaining wall beneath the home. Buyers and investors may choose to work with the City and local design committee to renew the expired plans, offering the chance to significantly expand the property’s footprint. All prospective buyers are encouraged to consult with qualified professionals regarding current permit requirements and personalizing the renovation plans. This is a rare opportunity to own a prime piece of Southern California real estate—schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$1,465,139

Property condition

Fixer

Lot size

0.5908 acres

Price per sq ft

$1,203

Year built

1937

HOA

No

Price History

11/08/2024
CRMLS

CRMLS #PW24201498

Pending
$1,790,000
09/28/2024
CRMLS

CRMLS #PW24201498

Listed
$1,790,000
-8.21%
03/14/2024
CRMLS

CRMLS #PW23220232

Removed
$1,950,000

Schools & Community

Neighborhood: 

Studio City

Elementary school: 

Carpenter

Middle school: 

Walter Reed

High school: 

North Hollywood

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United States Small Business Admin

Loan start date

March 2007

Original loan amount

$240,000

Est. remaining balance

Not provided

Interest rate

6.34%

Loan type

SBA Participation Trust Deed

Seller

Gerta Joseph and Arnold Darini

Lender

Washington Mutual Bank Fa

Loan start date

June 2005

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

5.8%

Loan type

Credit Line (Revolving), 30 year

Seller

Gerta Joseph and Arnold Darini

Lender

Larry L Zarian

Loan start date

July 2003

Original loan amount

$75,000

Est. remaining balance

Not provided

Interest rate

5.21%

Loan type

Not Provided

Seller

Gerta Joseph and Arnold Darini

Lender

Washington Mutual Bank Fa

Loan start date

November 2000

Original loan amount

$144,000

Est. remaining balance

Not provided

Interest rate

7.84%

Loan type

Credit Line (Revolving)

Seller

Gerta Joseph and Arnold Darini

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CLAW
$1,960,000
2 bd
|
2 ba
|
1,500 sq ft
|
House

3333 Ione Dr, Los Angeles, CA 90068

Price drop
CRMLS
$1,695,000
2 bd
|
2 ba
|
2,237 sq ft
|
House

11441 Decente Dr, Studio City, CA 91604

Sold
CLAW
$1,875,000
2 bd
|
1.75 ba
|
1,550 sq ft
|
House

2891 Nichols Canyon Rd, Los Angeles, CA 90046

Status: Pending/Under Contract

Tomo last checked: 11/15/2024 at 1:15 AM

Listing updated: 11/08/2024 at 11:25 AM

Listed by: Claudia Ilcken, Epique Realty Phone #: (888) 893-3537

MLS: CRMLS #PW24201498

CRMLS logo

Recently listed in Studio City