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12603 Kling Street, Studio City, California 91604, Studio City, 91604 - 4 bed, 3 bath

12603 Kling Street, Studio City, California 91604 home-pic-0
ACTIVE$2,149,000
12603 Kling Street, Studio City, California 91604
4Beds
3Baths
2,942Sqft
13,023Lot
Year Built
1935
Close
-
List price
$2.15M
Original List price
$2.3M
Price/Sqft
$730
HOA
-
Days on market
-
Sold On
-
MLS number
SR24170812
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.15M(47th), sqft - 2942(61th), beds - 4(50th), baths - 3(50th).

2 HOMES ON A 13,000 LOT. 12607 AND 12603 KLING ST. BOTH HOMES HAVE FRONT AND REAR YARDS AND GARAGES. Front home was built in 1960 and has 2019 SQFT, rear home has approx.1000 SQFT. Front home has 2 new bathrooms and new kitchen (2020) vinyl floors and tile in kitchen and baths. 1 bedroom and 3/4 bath downstairs and 2 bedrooms 1 bath upstairs, fireplace, dining room, breakfast area and direct access from the garage, no steps at entry. There is a covered patio the width of the home and 11 ft. deep with 2 skylights. Rear home is 1bedroom,1 bath, kitchen with breakfast area, living room and step down sun/family room. 2 step front entry. Needs work or add on to enlarge. Detached garage could possibly be ADU. Many possibilities. Both homes have been rented out for years. Great in law set up. 3 blocks to Beeman Park. FRONT HOUSE ALSO FOR LEASE

Nearby schools

7/10
Rio Vista Elementary School
Public,•K-5•2.4mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.6mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•3.3mi
8/10
Valley View Elementary School
Public,•K-6•4.2mi
9/10
West Hollywood Elementary School
Public,•K-5•4.8mi
9/10
Warner Avenue Elementary School
Public,•K-5•6.1mi
6/10
Walter Reed Middle School
Public,•6-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•6.2mi
6/10
Arroyo Seco Museum Science
Public,•K-8•12.3mi
8/10
North Hollywood Senior High School
Public,•9-12•1.3mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.6mi
3/10
East Valley Senior High School
Public,•9-12•2.3mi
6/10
Hollywood Senior High School
Public,•9-12•5.6mi
7/10
Fairfax Senior High School
Public,•9-12•5.7mi
6/10
University Senior High School
Public,•9-12•8.2mi
6/10
University Senior High School Charter
Public,•9-12•8.2mi
Condition Rating
Good
The property consists of two homes. The larger front home (built 1960) was extensively renovated in 2020, including new bathrooms, a new kitchen, and new vinyl/tile flooring. The images confirm modern, high-quality finishes in these areas (white shaker cabinets, subway tile, stainless steel appliances, modern bathroom fixtures). This portion of the property is in excellent condition, meeting the 'extensively renovated within 5 years' criteria. However, the rear home (approx. 1000 sqft) is explicitly stated to 'need work or add on to enlarge,' indicating it is not in move-in ready condition without immediate renovation. This brings the overall property score down from 'Excellent'. Given that the primary residence is in excellent condition and the secondary unit requires updates, the overall condition is best described as 'Good'—functional and well-maintained in its main part, but with a component requiring significant attention.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13023, living area = 2942.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Multi-Unit Property & Income Potential: The property features two separate homes on a single lot, both with a history of being rented, offering significant potential for dual income streams or multi-generational living arrangements.
Generous Lot Size: A substantial 13,023 sqft lot provides ample outdoor space, privacy, and potential for future landscaping, expansion, or recreational use.
Recent Renovations in Front Home: The larger front home has undergone recent updates, including two new bathrooms and a new kitchen (2020), providing modern amenities and reducing immediate renovation needs for that unit.
ADU Conversion Potential: The detached garage associated with the rear home is explicitly noted as a 'possible ADU,' presenting a clear opportunity to enhance property value and rental income.
Desirable Studio City Location: Located in Studio City, just three blocks from Beeman Park, offering residents convenient access to local amenities, green space, and a sought-after neighborhood.

Cons

Condition of Rear Home: The rear home 'needs work or add on to enlarge,' indicating that a significant investment in renovation or modernization will be required to bring it to a comparable standard.
Older Property Infrastructure: With an original build year of 1935, the property, particularly the rear home, may have older systems and components that could necessitate costly upgrades or repairs.
Price Reduction History: The current list price reflects a reduction from the original $2.3M, which might suggest a longer market presence or initial overvaluation, potentially signaling buyer hesitation.

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