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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

  • 4 days on market
    • Open house Oct 20
Discover an exceptional, one-of-a-kind compound situated on approximately 1.75 acres of pristine, private grounds. Tucked away in a double gated enclave, this stunning villa masterfully blends elegance with a warm and inviting atmosphere. The main estate is a showstopper with 6 bedroom and 10 bathrooms, plus a well appointed 2-bedroom, 3-bath guest house, giving you nearly 12,000 square feet of pure luxury. 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 oversized island, charming breakfast nook, and butlers pantry leading to a beautiful formal dining room; perfect for those more elegant events. Head upstairs to relax in the luxurious primary retreat with its own sitting area, convenience bar, cozy fireplace, and dual baths with steam showers. Oversized balconies to enjoy your morning tea, and 4 additional ensuite bedrooms including an ultra spacious junior primary suite with gorgeous views and fireplace round out the upper floor. But wait, there's more! 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. And yes, there's an elevator for effortless access between floors, plus the lower level can also be accessed independently; ideal for hosting exclusive screenings, office visits or staff. Outside, it's like your own private resort! Take a dip in the sparkling pool, unwind in the spa, or fire up the BBQ for a perfect evening. With a cabana, fire pit, and dining spaces surrounded by mature trees, year round outdoor entertaining has never been easier. A charming stone path and serene grassy yard lead to the sizeable 2 bedroom, 3 bath guest house ...ideal for extended family, staff, or the ultimate home-away-from-home office retreat. Located just moments from top-tier schools like Harvard Westlake, iconic Mulholland Drive, and the bustling shops and restaurants of Beverly Hills and The Boulevard, this property's rental history has an impressive track record, previously commanding $70,000 per month for 2 years and even reaching $100,000 for short-term leases. Whether you're seeking your forever home or a savvy investment, this estate exceeds expectations. And if you're not ready to make the move permanent, 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

$7,030,066
Asking price
$12,400,000
Closing costs (~8% of asking)
-$992,000
Est. remaining loan balance
-$4,377,934
Cash to seller
$7,030,066

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

$4,377,934

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: 10/18/2024 at 4:25 AM

Listing updated: 10/17/2024 at 6:55 PM

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

MLS: CLAW #24445463

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