4 Unit | Studio City/Hollywood Hills
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The successful closing of 3662 N Fredonia Drive, a rare Studio City hillside four unit property featuring a newly completed, fully permitted 2025 ADU. The transaction reflects continued buyer demand for turnkey, small-balance multifamily assets with clear regulatory profiles in supply constrained Los Angeles submarkets.
Property Overview
3662 N Fredonia Drive is a legal four-unit multifamily property located in the coveted hills of Studio City, directly adjacent to Universal Studios and within the Mulholland Scenic Parkway (Outer Corridor). Originally constructed in 1941 and 1962, the property consists of two spacious two-bedroom units, one studio, and a brand-new ADU completed in 2025 with a Certificate of Occupancy issued July 27, 2025.
The Deal Story
The Studio City small multifamily market has remained highly competitive, particularly for assets that combine strong in-place income with limited operational risk. From the outset, 3662 N Fredonia Drive stood out due to its newly completed ADU, hillside location, and clean regulatory positioning—features that continue to attract capital even as underwriting standards tighten across Los Angeles.
The successful closing of 3662 N Fredonia Drive, a rare Studio City hillside four unit property featuring a newly completed, fully permitted 2025 ADU. The transaction reflects continued buyer demand for turnkey, small-balance multifamily assets with clear regulatory profiles in supply constrained Los Angeles submarkets.
Property Overview
3662 N Fredonia Drive is a legal four-unit multifamily property located in the coveted hills of Studio City, directly adjacent to Universal Studios and within the Mulholland Scenic Parkway (Outer Corridor). Originally constructed in 1941 and 1962, the property consists of two spacious two-bedroom units, one studio, and a brand-new ADU completed in 2025 with a Certificate of Occupancy issued July 27, 2025.
The Deal Story
