11698 Picturesque, Studio City, California 91604, Studio City, 91604 - 3 bed, 3 bath

11698 Picturesque, Studio City, California 91604 home-pic-0

11698 Picturesque

Studio City, California 91604

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
3,009Sq Ft
5,777Lot Size

Property Price

LIST PRICE$2,395,000
EST. MARKET VALUE
$2,623,653
8% BelowMARKET VALUE

SUMMARY

Analysis of 11698 Picturesque, Studio City, California 91604 reveals a Prime Investment Opportunity with a current list price of $2,395,000—significantly undercutting the $2,623,653 Fair Market Value by 8%. This valuation gap indicates a +$228,653 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$2,623,653 +$228,653 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Studio City.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
11698 Picturesque
Subject
$2,395,000*
List Price
333,009$872-
A
12345 Hillslope Street
Sold
$2,400,000342,461$9750.9 mi
B
4133 Camellia Avenue
Sold
$2,595,000442,755$9420.4 mi
C
4278 Farmdale Avenue
Sold
$2,865,000532,873$9970.6 mi
D
11211 Sunshine Terrace
Sold
$1,900,000533,335$5700.7 mi
E
3959 Tropical Drive
Active
$1,990,000
List Price
342,445$8140.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2017, this property is practically new and has been meticulously maintained. The kitchen features high-end stainless steel appliances (including a Wolf range), modern two-tone cabinetry, quartz countertops, and a stylish geometric tile backsplash. Bathrooms are luxurious with floating vanities, vessel sinks, backlit LED mirrors, and spacious walk-in showers with rain heads and body jets, all finished with contemporary tile. Flooring consists of pristine hardwood and large format modern tile. All components appear new or virtually new, reflecting current quality standards and no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Warner Avenue Elementary School (9/10).

  • Modern Construction & Impeccable Condition

    Built in 2017 and meticulously maintained by a single owner, this home reflects true pride of ownership and offers the benefits of newer construction.

  • Prime Studio City Location

    Situated in a quiet Studio City enclave, set above the street and just north of Ventura Blvd, it offers a desirable balance of tranquility and convenient access to local amenities.

CONSRISKS & DEFICIENCIES

  • Modest Lot Size for Price Point

    With a lot size of 5,777 sqft, it may be considered modest for a single-family home at this price point in Studio City, potentially limiting extensive ground-level outdoor amenities.

  • Absence of Specific Luxury Upgrades

    While described as refined and meticulously cared for, the listing does not detail specific high-end finishes, smart home technology, or premium brand appliances often expected in this luxury segment.

  • Limited Traditional Backyard Space

    Despite having multiple decks, the property description does not indicate a significant traditional ground-level backyard or garden area, which might be a drawback for buyers desiring expansive green space.

About 11698 Picturesque

Set above the street in a quiet Studio City enclave, this beautifully maintained, single-owner home offers a rare sense of calm, light, and elevated living. Built in 2017 and spanning approximately 3,000 sq ft, the residence has been meticulously cared for and feels both refined and effortlessly livable. Natural light pours through the open living spaces, where the living room, dining area, and adjacent deck invite you to slow down and take in the views, whether it’s morning coffee, sunset dinners, or evenings spent entertaining. The layout is thoughtfully designed for modern life, with generous flexibility for a home office, gym, or creative space, allowing the home to adapt to your lifestyle rather than the other way around. Upstairs, a private rooftop lounge deck becomes the home’s signature feature, an inspiring retreat with sweeping views, perfect for hosting, unwinding, or simply enjoying the quiet moments above it all. Three well-proportioned bedrooms and 2.5 bathrooms provide comfort and privacy, while the overall condition reflects true pride of ownership. Ideally located just north of Ventura Blvd and moments from the energy of Studio City, yet tucked away enough to feel removed, this is a home that balances connection and escape, designed for those who value space, light, and the experience of living well in Studio City.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2017
Lot Size
5,777 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Studio City Unified Schools

Rio Vista Elementary School

Grades K-5 • 1.2 mi

7/10

Wonderland Avenue Elementary School

Grades K-5 • 1.8 mi

9/10

Toluca Lake Elementary School

Grades K-5 • 2.0 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
48%
Baths3.03.0
50%
Square foot3,0092,477
64%
Lot Size5,7777,672
14%
Price$2.40M$2.23M
56%
Price per sq ft$796$957
28%
Built year20171954
82%
HOA$0$0
50%
Days on market44169
6%

Pricing History

Listed for Sale

Jan 21, 2026

$2,395,000

Initial Listing

Sold

Jun 26, 2018

$1,600,000

Public Record

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