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$12,400,000

Beds
8
Baths
12.0
sq ft
11,923

3911 Oeste Ave, Studio City, CA 91604

3911 Oeste Ave

Studio City, CA 91604

  • 39 days on market
This one-of-a-kind compound is one of 5 homes situated on a privately gated street and is tucked away on its own 1.75 acres of serene private grounds. The main estate is a showstopper with 6 bedrooms and 10 bathrooms, plus a well-appointed 2-bedroom, 3-bath guest house, giving you nearly 12,000 square feet of impressive space. The grand two-story great room with soaring ceilings wows upon entry and sets the tone for this magnificent home. The gourmet chef's kitchen overlooks one of two spacious family rooms each with their own fireplace, and boasts an entertainers island and charming breakfast nook, and leads to an elegant formal dining room; perfect for those more upscale affairs. Head upstairs to the luxurious primary retreat with its own sitting area, convenience bar, cozy fireplace, and dual baths each with steam showers. 4 additional ensuite bedrooms including an ultra-spacious junior primary suite with gorgeous views and fireplace round out the upper floor. The lower level offers a plush home theater, an additional ensuite bedroom perfect for maid/nanny, and a gym, office (or potential 7th bedroom), a 600-bottle wine cellar, and a 4-car garage. The elevator provides effortless access between floors, plus the lower level can also be accessed independently making it ideal for hosting exclusive screenings, office visits or staff. Outside, it's like your own private resort! The numerous balconies and cabana overlooking the park-like grounds are made for relaxing. Take a dip in the sparkling saltwater pool, unwind in the spa, or fire up the BBQ for a perfect evening. Follow the stone path along the grassy yard to an equally charming 2 bedroom, 3 bath guest house; ideal for extended family, staff, or a home-away-from-home office retreat. Villa Oeste will have you feeling like your miles from the hustle and bustle of LA while being only moments from top-tier schools including Harvard Westlake, iconic Mulholland Drive, The Boulevard, and Beverly Hills. This estate also has a strong rental history, fetching $70,000/month for 2 years and even reaching $100,000/month for short-term stays making it the perfect trophy property as well as a savvy investment opportunity. Not quite ready to commit? Inquire about leasing for $70,000/month.

Details

Property type

Single Family Residence

Est. home value

$6,046,048

Lot size

1.7319 acres

Price per sq ft

$1,041

Year built

2020

HOA

No

Price History

10/13/2024
CLAW

CLAW #24445463

Listed
$12,400,000

Schools & Community

Neighborhood: 

Studio City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Los Angeles Unified

Negotiation Insights

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

Seller could get up to

$7,039,401
Asking price
$12,400,000
Closing costs (~8% of asking)
-$992,000
Est. remaining loan balance
-$4,368,599
Cash to seller
$7,039,401

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2020

Original loan amount

$4,800,000

Est. remaining balance

$4,368,599

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Wild Oeste Partners Lp

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?

Status: Active

Tomo last checked: 11/21/2024 at 10:50 PM

Listing updated: 11/11/2024 at 11:39 AM

Listed by: Amber Kristin Abbitt, Westside Estate Agency Inc. Phone #: (310) 247-7770

MLS: CLAW #24445463

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