
Studio City, California 91604
This 1963 Mid-Century estate represents a High-Potential Investment Opportunity, listed at $2,550,000—positioned above the $2,351,704 Fair Market Value. While the property requires a full-scale renovation due to its Condition Rating of 5, the massive 23,348 sq. ft. lot and prime Fryman Canyon location offer significant upside for a transformative redesign. Featuring a sparkling swimming pool, mountain views, and proximity to top-rated schools like Warner Avenue Elementary, this asset is a blank canvas for Developer-Investors and Owner-Occupants seeking to build a custom luxury compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11944 Briarvale Lane Subject | $2,550,000* List Price | 5 | 4 | 3,102 | $758 | - |
A 11575 Amanda Drive Sold | $1,975,000 | 4 | 3 | 2,780 | $710 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 and held by the same owner for 40 years, the property is in mostly original or severely dated condition. The 'Euro-style' red kitchen and bathrooms with vintage tiling and fixtures are well beyond their functional lifespan. The listing explicitly markets the home as a 'blank canvas' and 'as-is' project, indicating a need for a total rehab of systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23348, living area = 3102.
Elementary School: Warner Avenue Elementary School (9/10).
Situated in the ultra-exclusive Fryman Canyon Estates on a massive 23,348 sq. ft. flat pad, offering rare scale and privacy in one of Studio City's most prestigious neighborhoods.
The property is being sold entirely in its current state, requiring a substantial additional capital investment for a full-scale renovation to meet modern luxury standards and neighborhood comps.
While plans for an addition exist, they are currently expired, necessitating a potentially lengthy and uncertain revival process with the City of Los Angeles to expand the current footprint.
A Legendary Fryman Canyon Compound First Time Available in 40 Years Tucked away in the ultra-exclusive Fryman Canyon Estates, this custom 1963 Mid-Century estate represents the ultimate blank canvas. Situated on a massive 23,400 sq. ft. lot surrounded by mature Olive trees, Toyon, and native CA landscaping , this property offers unmatched privacy, architectural scale, and immediate upside potential. Whether you are a developer looking for your next marquee project or an end-user ready to customize a forever dream home, opportunities of this caliber are extraordinarily rare. Boasting "good bones" and an incredibly solid footprint, the home features the generous room proportions, soaring scale, and ample storage characteristic of its era. Selling entirely "as-is," it is primed for a high-end transformative redesign to capture peak neighborhood comps. Set back up a private driveway on a sprawling, flat pad, this 3,100-square-foot estate completely immerses you in nature frequent morning visits from local deer and bobcats included. The five-bedroom, 3.5-bath floor plan is perfectly zoned for modern living. The Main Level: Designed for entertaining, featuring a massive, grand-piano-sized living room anchored by a wood-burning/gas fireplace, a formal dining room, a family room with a wet bar, and a vibrant, custom Euro-style Red kitchen. A separate laundry suite and a private fifth bedroom with a full bath round out the lower level (ideal for guests or a home office). The Upper Level: Rest and retreat with four oversized bedrooms, including a sprawling primary suite outfitted with dual sinks, a massive walk-in closet, and an additional secondary closet. The Grounds & Lifestyle: The estate's flat grounds feature a sparkling swimming pool, a two-car garage, and additional driveway parking for up to five vehicles. Located at the intersection of total seclusion and urban convenience, you are steps from world-class hiking and mountain biking trails, yet moments from the best dining, entertainment, and studios the city has to offer. Bring your designer, your contractor, and your vision the next chapter of this Fryman Canyon icon is yours to write. Seller has plans for an addition that have since expired but could potentially be revived with the City of LA. We have a recent Geological Report on hand from May 2026.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,102 | 2,360 |
| Lot Size | 23,348 | 7,887 |
| Price | $2.55M | $2.12M |
| Price per sq ft | $822 | $877 |
| Built year | 1963 | 1953 |
| HOA | $0 | $0 |
| Days on market | 26 | 63 |
Jun 26, 2026
$2,550,000
Initial Listing