
Studio City, California 91602
Analysis of 11044 Acama Street 302, Studio City, California 91602 is currently available with a list price of $669,966. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Studio City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1991, this 35-year-old property is well-maintained but dated. While it features newer stainless steel appliances and Pergo flooring, the kitchen and bathrooms retain original white tile countertops and cabinetry styles from the 90s. The listing explicitly mentions the home would benefit from light updates, aligning with the Fair criteria for properties over 20 years old needing modernization.
This top-floor corner penthouse features dramatic two-story ceilings, vertical skylights, and a private rooftop sun-deck, creating a bright, voluminous living space that is rare for the area.
Ideally situated within minutes of major entertainment studios like NBC/Universal and Disney, with easy access to the 101 freeway and Ventura Boulevard’s premier shopping and dining.
The property features an active FHA Spot Approval, offering qualified buyers the rare opportunity for low down-payment options and competitive mortgage rates below market average.
The interior would benefit from light updates and modernization to reach its full aesthetic potential, which may require additional immediate investment from the buyer.
While marketed as a three-bedroom unit, the third room is a loft and the LA Tax Assessor records only reflect two bedrooms, which could impact privacy and future appraisal values.
FHA buyers welcome! Qualified FHA buyers may be eligible for financing with mortgage rates below 6%. Condo has an active FHA Spot Approval with our lender. Qualified buyers may have financing options requiring as little as 3.5% total out-of-pocket to close. Contact the listing agent for details and lender information. Absolutely stunning and spacious 3 bedroom, including loft bedroom, townhouse offering 1,396 square feet of light-filled living in a prime Studio City location. This top-floor corner penthouse delivers an extraordinary layout with soaring two-story ceilings, dramatic vertical skylights, and an abundance of natural light throughout. Step inside through a formal entryway into an impressive two-story living room featuring a cozy fireplace and beautiful Pergo flooring. The adjacent formal dining room also boasts two-story ceilings, creating a grand and open entertaining space. The kitchen is equipped with stainless steel appliances, marble flooring, and a convenient breakfast bar. The first floor features two generously sized bedrooms and two bathrooms, thoughtfully separated by an in-unit laundry area for added privacy and functionality. Upstairs, a versatile loft overlooks the main living space and can easily serve as a home office or potential third bedroom. From here, step out onto your private rooftop sun-deck, an incredible space to relax or entertain while enjoying views of the surrounding hills and trees. Additional highlights include vaulted ceilings, dual-pane windows, Berber carpet, central heat and air, two balconies, and 2 parking spaces with storage, plus ample guest parking. The community offers resort-style amenities including a pool, spa, sauna, recreation room, fitness center, patio, BBQ area, clubhouse, and elevator, all within a well-maintained setting. Ideally located just minutes from major studios including NBC/Universal, Warner Bros., Disney/ABC, CBS, and Sony, as well as close proximity to Metro Rail, the 101, 134, and 170 freeways, Ventura Boulevard’s shopping and dining, and nearby parks. While the home may benefit from light updates, the layout, volume, and location make this a truly exceptional opportunity. Come experience this unique and rarely available property, an incredible place to call home! LA tax assessor showing 2 bedrooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,396 | 1,673.364 |
| Lot Size | 26,087 | 65,239.818 |
| Price | $670.0K | $839.8K |
| Price per sq ft | $480 | $554 |
| Built year | 1991 | 1976 |
| HOA | $558.0 | $604 |
| Days on market | 8 | 48 |
Sep 1, 2026
$669,966
Initial Listing
Oct 14, 2020
$610,000
Public Record
Dec 23, 2005
$523,000
Public Record