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

11698 Picturesque
Studio City, California 91604
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11698 Picturesque Subject | $2,395,000* List Price | 3 | 3 | 3,009 | $872 | - |
A 12345 Hillslope Street Sold | $2,400,000 | 3 | 4 | 2,461 | $975 | 0.9 mi |
B 4133 Camellia Avenue Sold | $2,595,000 | 4 | 4 | 2,755 | $942 | 0.4 mi |
C 4278 Farmdale Avenue Sold | $2,865,000 | 5 | 3 | 2,873 | $997 | 0.6 mi |
D 11211 Sunshine Terrace Sold | $1,900,000 | 5 | 3 | 3,335 | $570 | 0.7 mi |
E 3959 Tropical Drive Active | $1,990,000 List Price | 3 | 4 | 2,445 | $814 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Wonderland Avenue Elementary School
Grades K-5 • 1.8 mi
Toluca Lake Elementary School
Grades K-5 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,009 | 2,477 | 64% |
| Lot Size | 5,777 | 7,672 | 14% |
| Price | $2.40M | $2.23M | 56% |
| Price per sq ft | $796 | $957 | 28% |
| Built year | 2017 | 1954 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 169 | 6% |
Pricing History
Listed for Sale
Jan 21, 2026
$2,395,000
Initial Listing
Sold
Jun 26, 2018
$1,600,000
Public Record










































