Toluca Lake's Biggest Price Cut? Blame The Neighbor

TOLUCA LAKE, CA — It's not easy to find more than 4,000 square-feet of house for under $2 million in Toluca Lake. So why did this spacious contemporary Toluca Lake home shave $100k off it's asking price?

It may be the neighbor. The home abuts the Ventura Freeway, like right next door. On the upside, it's centrally located and conveniently close to the freeway.

It boasts a grand entryway with wood beam ceilings, skylights, and a gourmet kitchen with a custom backsplash. It also features an oversized master suite with a sitting area and fireplace.

• Address: 4545 Auckland Ave, Toluca Lake, California
• Price: $1,899,900
• Square Feet: 4019
• Bedrooms: 4
• Bathrooms: 4 Baths
• Built: 1979
• Features: Classic updated contemporary living in the heart of Toluca Lake. Stunning home located on the end of a cul-de-sac. Grand entry way with wood beam ceilings and natural lighting, front area flows right into the spacious living room. Cozy Atrium sitting room with direct sky lighting. Large family room and chefs gourmet kitchen with large island, custom travertine stone backsplash and stone counters, Parriott wood self closing cabinets, wine cooler section, LED lighting throughout. Oversized Master bedroom with sitting area and fireplace, private bath and large walk in closet. Media room office upstairs that looks onto atrium and sky lighting. Many upgrades and details including New wood flooring throughout, custom tile and stone in guest bathrooms, led lighting. Massive Private entertainers back patio area with access to drive thru garage and lots of parking with your own private road entrance in the back. Close to award winning Tolucca Lake elementary school, Studio City as well as NoHo Arts district.

This listing originally appeared on realtor.com. For more information and photos, click here.