Property Detail

Description

A beautiful Studio City home offering an exceptional opportunity for an owner-user, investor, contractor or developer. Set on an expansive approximately 27,471 SF lot, this single-story residence offers approximately 2,823 SF with 4 bedrooms, 3 bathrooms, a swimming pool and the privacy and scale that make this a compelling hillside property.The residence itself remains a substantial, livable home and presents very differently from a typical distressed or teardown opportunity. Subject to buyer's independent investigation of access, safety and habitability, the home may offer the potential to be occupied or rented while the hillside remediation is planned and completed. **IMPORTANT PROPERTY CONDITION**: The property has experienced a significant slope failure along the right side of the property, with displaced soil affecting portions of the driveway. Remedial slope work will be required. Existing soils information contemplates approximately 220 linear feet of slope stabilization/retaining improvements generally along the right property line. Final design, height, dimensions, engineering, permitting, construction methodology and cost are to be determined by the buyer and the buyer's licensed geotechnical, structural and/or civil professionals. NO APPROVED SOIL REPORT. For the right buyer, this is an opportunity to acquire a beautiful existing home on a large Studio City parcel, address a known hillside condition, and potentially create substantial long-term value. The combination of the home's size, pool, setting and oversized lot provides a strong foundation for renovation, restoration or a more comprehensive improvement program.