The Week in Studio City Real Estate - Week Ending October 19, 2014

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 10/19/2014.  For details on last week's real estate sales, click here.

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Active Homes for Sale in Studio City: 77 (up from 75 last week) - prices ranging from $599,000 to $5,999,000

  • 2 luxury homes for sale (over $3,000,000) - average cost per foot:  $611 
  • 14 homes for sale between $2 to $3 million - average cost per foot - $572 (↓)

Pending Home Sales:  47 (↑) prices ranging from $590,000 to $2,989.000

  • Average cost per foot on pending home sales:  $523
  • 6 pending home sales from $2 to $3 million - Average cost per foot:  $514 

6 sold listings (same as last week):

  • Average cost per foot for sold listings: $489 (down from $612)
  • Average days on market/sold listings:  80 (down from 68)

MLS#:14-778035

MLS#:14-778035

4381 Lemp Ave., Studio City

Sales Price:  $1,995,000

Days on Market:  92

Cost per foot:  $587

Traditional on an over-sized lot.  The master suite and two bedrooms up are all en-suite, 4th bedroom downstairs The salt water pool and spa are black bottom and are adjoined by a mini studio for changing, workout or office.


MLS#:14-784755

MLS#:14-784755

11935 Laurel Hills Road, Studio City

Sales Price:  $1,805,139

Days on Market:  40

Cost per foot:  $600

South of blvd adjacent to Fryman estates, fixer on a 18,000 mostly flat lot.  Gated Zen-like retreat offers unbelievable tranquility and privacy on resort-style grounds. One of a kind 4 bedroom, 3 bath home with an additional 1 bedroom 1 bath guest house. 


MLS#:14-768555

MLS#:14-768555

12342 Milbank, Studio City

Sales Price:  $1,710,000

Days on Market:  143

Cost per foot:  $361

Spanish Colonial home.  Attention to detail, materials, and perfect floor plan. Kitchen overlooks the large grassy backyard, entertainer's patio, and sparkling pool. Master Suite with private balcony, upstairs kids room and Junior master suite that can be an impressive home office/gym/media room. 


MLS#:14-775931

MLS#:14-775931

4213 Bluebell Ave, Studio City

Sales Price:  $1,425,000

Days on Market:  97

Cost per foot:  $452

Custom 5 bedroom, 4.5 bath and private entrance office/recreation room w/outdoor sundeck & 1/2 bath increases living area to approx. 3,500 sq.ft. Private lush backyard w/fruit trees, brick patios, 3 sliding french doors, cool water misting system & room for pool. 


MLS#:SR14150521

MLS#:SR14150521

3761 Willowcrest Ave, Studio City

Sales Price:  $867,500

Days on Market:  91

Cost per foot:  $464

Charming Studio City Traditional fixer with pool on large flat lot South of Ventura at the end of a Cul-de-Sac. Good bones just needs some updating & decorating -  one bath is remodeled. Second bath & kitchen are original, large private rear yard with pool. 


MLS#:14-794491

MLS#:14-794491

4434 St Clair Ave, Studio City

Sales Price:  $850,000

Days on Market:  19

Cost per foot:  $567

Charming Spanish on prime lot.  3 bedrooms/1 bath, family room, formal dining room, living room with fireplace and separate 2 car garage which has been converted to home office. First time on the market in over 14 years. Located in Footbridge Square Neighborhood in the Carpenter Community Charter School District - perfect for builders, contractors and developers as well as a single family home buyer. 


MLS#:14-795707

MLS#:14-795707

3605 Alta Mesa Drive, Studio City

Sales Price:  $842,000

Days on Market:  16

Cost per foot:  $561

Chic modern hilltop escape with sweeping views of the canyon and surrounding hills. Walled and gated for utmost privacy and security, the residence seamlessly blends 1960's post and beam architectural elements with modern upgrades.