Studio City Communities

Getting to know Studio City

Coordinates: 340837N1182343W / 34.14357N 118.39526W / 34.14357; -118.39526 Studio City is an affluent residential neighborhood within the city of Los Angeles, California, in the San Fernando Valley. Studio City expands over three ZIP code areas: 91604, and sections of 91602 and 91607.[1]Ventura Boulevard is the neighborhood's principal commercial corridor. Its neighboring communities are Beverly Crest, Hollywood Hills, Hollywood Hills West, North Hollywood, Sherman Oaks, Toluca Lake, Universal City and Valley Village.[2] Originally known as Laurelwood, the area Studio City occupies was formerly part of Rancho Ex-Mission San Fernando. This land changed hands several times during the late 19th Century and was eventually owned by J. B. Lankershim and eight other developers who organized the Lankershim Ranch Land and Water Company. In 1899, however, the area lost most water rights to Los Angeles and was no longer viable for farming. Construction of the Los Angeles Aqueduct began in 1908 and water reached the San Fernando Valley in November, 1913. Real estate boomed, and a syndicate led by Harry Chandler, business manager of the Los Angeles Times, with Hobart Johnstone Whitley, Isaac Van Nuys, and James Boon Lankershim acquired the remaining 47,500 acres (192km2) of the southern half of the former Mission landseverything west of the Lankershim town limits and south of present day Roscoe Boulevard excepting the Rancho Encino. Whitley platted the area of present day Studio City from portions of the existing town of Lankershim as well as the eastern part of the new acquisition.[3]

Market Stats for Studio City

by Price Range

General Stats

Highest Price Listing

$7,999,999

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Average Listing Price

$2,016,728

Total Market Listings

125

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Average Price Per Sq Ft

$708.00