
Studio City, California 91602
This Top-Floor Corner Penthouse is a High-Potential Investment Opportunity, listed at $689,986—positioned well below the $789,573 Fair Market Value by 12%. This valuation gap offers $99,587 in Instant Equity for buyers. While holding a Fair Condition Rating due to dated finishes, the unit features soaring two-story ceilings, a private rooftop sun-deck, and mountain views. Located in the Los Angeles Unified district near major film studios, it offers significant upside through cosmetic modernization. This is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11044 Acama Street 302 Subject | $689,986* List Price | 2 | 2 | 1,396 | $566 | - |
A 11120 Moorpark 3 Sold | $650,000 | 2 | 2 | 1,060 | $613 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this penthouse is well-maintained and move-in ready but shows clear signs of age. While it features stainless steel appliances and updated cabinet hardware, the primary finishes—including white tile countertops in the kitchen and bathrooms, Pergo laminate flooring, and Berber carpeting—are dated and reflect styles from several decades ago. The property has not undergone a comprehensive recent renovation, placing it firmly in the 'fair' category as it requires cosmetic updates to meet modern standards.
This top-floor corner penthouse features soaring two-story ceilings, dramatic vertical skylights, and a versatile loft, creating an exceptionally bright and airy living environment rarely found in standard condos.
Perfectly positioned for industry professionals, the property is minutes from major studios like NBC/Universal and Disney, with immediate access to Ventura Boulevard’s premier shopping, dining, and major freeways.
In addition to two balconies, the unit boasts a rare private rooftop deck offering panoramic views of the surrounding hills and trees, providing a premier outdoor space for entertaining.
The presence of Berber carpeting and Pergo flooring, combined with the listing's note on needing light updates, suggests that buyers will likely need to invest in cosmetic modernizations.
At $558 per month, the association dues represent a significant recurring carrying cost that may impact the purchasing power of budget-conscious buyers.
Absolutely stunning and spacious 2 bedroom plus loft 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, and clubhouse, 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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,396 | 1,348 | 57% |
| Lot Size | 26,087 | 20,586 | 86% |
| Price | $690.0K | $650.0K | 57% |
| Price per sq ft | $494 | $576 | 29% |
| Built year | 1991 | 1983 | 71% |
| HOA | $558.0 | $460 | 57% |
| Days on market | 14 | 175 | 14% |
Apr 8, 2026
$689,986
Initial Listing
Oct 14, 2020
$610,000
Public Record
Dec 23, 2005
$523,000
Public Record