Studio City Real Estate Market Recap - Week Ending June 21, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 6/21/2015.  

Active Homes for Sale in Studio City: 89 (up from 84) - prices ranging from $715,000 to $4,900,000

  • Median price:  $1,799,000 (↑)
  • Average days on market:  50 (↑) ;  average cost per foot:  $588 (↑)
  • 5 luxury homes for sale over $3,000,000

Pending Home Sales: 62 (up from 61)  - prices ranging from $450,000 to $3,795,000

  • 7 new pending sales last week (12 last week)

8 Sold Listings (up from 3 last week):

  • Median Price: $1,361,500 (last week: $904,000)
  • Average days on market:  55 
  • Average cost per foot:  $592 (↑) 

8 Sold Listings Last Week in Studio City

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4054 Beck Ave.,, Studio City

Sales Price:  $3,085,000

Days on Market: 40

Cost per foot:  $701

5 beds/6 baths.  Newly constructed luxury home located on one of the most prestigious streets and  in the coveted Colfax Meadows, deemed one of the 10 best neighborhoods in LA according to Los Angeles Magazine. Innovated and intelligently designed, this home is within Carpenter school district and within walking distance of  Tujunga Village and Ventura Blvd.


4505 Morella Ave, Studio City

Sales Price:  $2,655,000

Days on Market: 41

Cost per foot:  $534

5 beds/6 baths.   Newly constructed East Coast traditional.  Features include  a 7 person media room, high ceilings, grand living room, formal dining room, abundant storage and built-ins. Chef's kitchen with top of the line stainless steel Sub-Zero and Wolf appliances.  Master suite includes fireplace and expansive his and hers walk-in closets, on an almost 10,000 sq ft lot and  located in the Colfax Elementary school district. 


12634 Kling St, Studio City

Sales Price:  $2,500,000

Days on Market: 94

Cost per foot:  $502

5 beds/6 baths. East Coast Traditional featuring a media room with seating for seven, Chef's kitchen, 2 sinks, large marble center island with an attached breakfast table and stainless Thermador appliances. The kitchen/family room gives a whole new meaning to the word "Great Room" with French doors that open to the patio and yard for that indoor/outdoor flow. 8 security cameras, a Jandy~ Wireless Remote for the saltwater pool/spa and a built-in BBQ area, on a large 10,000+ lot.


3169 Dona Marta Drive, Studio City

Sales Price:  $1,668,000

Days on Market: 9

Cost per foot:  $717

3 beds/3 baths.   Turnkey mid-century modern home with great views. Very light, an open floor plan and walls of glass opening to the pool, outdoor living room, and BBQ area, all complimenting the views. Control4 smart home,  extensively automated and controlled by your computer, iPhone, iPad or  in-home remote or television. Carpenter School District.


11439 Laurelcrest Drive, Studio City

Sales Price:  $1,055,000

Days on Market: 27

Cost per foot:  $548

3 beds/3 baths.  Spectacular Valley views. 3 level home with master in the middle, living room on the etry level and guest unit with private entrance down below.  Other amenities include: newer double pane vinyl windows, solar panels (owned, not leased), nice size back yard.


4303 Teesdale, Studio City

Sales Price:  $975,000

Days on Market: 36

Cost per foot:  $678

3 beds/2 baths.   Much of the original charm has been retained with wood floors, wainscotting and a brick fronted fireplace. The galley style cook's kitchen is equipped with stainless steel appliances. At the rear of the property is a detached 2 car garage with an added studio/office. 


11734 Sunshine Terrace, Studio City

Sales Price:  $865,000

Days on Market: 142

Cost per foot:  $503

2 beds/1 baths.  South of the Boulevard, mostly original house from 1937. Mid-century clean lines, high ceilings, open and airy design, and recent paint job. There are 2 bedrooms and a bath in the upper level and the downstairs is framed and ready to be expanded into a family room, an additional bedroom and another bath.  Pool and spa, a terraced green space for kids  and a full 2-car garage.


12035 Laurel Lane, Studio City

Sales Price:  $790,000

Days on Market: 53

Cost per foot:  $654

2 beds/1 bath.  Storybook Charm in Studio City, South of Ventura Blvd., on a quiet cul-de-sac, off Laurel Canyon. Convenient to Fryman Canyon and Ventura Blvd. Close to Carpenter Community School. Beautiful green yards with a garden pond and fruit trees. 


18 New Listings Last Week in Studio City