3914 Carpenter Avenue, Studio City, California 91604, Studio City, 91604 - 2 bed, 2 bath
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Studio City, California 91604
This property presents a Strong Value Opportunity with a List Price of $1,490,000—positioned well below the $1,575,197 Fair Market Value by 5%. This valuation gap offers $85,197 in Instant Equity. Featuring a Condition Rating of 4, the home serves as a blank canvas for renovation. With an Oversized 9,192 sqft Lot and SB-9 Development Potential, this asset is ideal for Real Estate Developers or Owner-Occupants seeking a custom project in the prestigious Carpenter Community Charter School district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3914 Carpenter Avenue Subject | $1,490,000* List Price | 2 | 2 | 1,402 | $1,124 | - |
A 4213 Bellingham Avenue Sold | $1,835,000 | 2 | 2 | 1,378 | $1,332 | 0.6 mi |
B 3838 Buena Park Drive Sold | $1,559,000 | 4 | 3 | 1,616 | $965 | 0.2 mi |
C 3714 Vantage Avenue Sold | $1,903,000 | 3 | 3 | 1,800 | $1,057 | 0.3 mi |
D 12166 Laurel Terrace Drive Sold | $1,650,000 | 3 | 2 | 1,842 | $896 | 0.4 mi |
E 4182 Sunswept Drive Sold | $1,050,000 | 2 | 2 | 1,392 | $754 | 0.8 mi |
F 4132 Rhodes Avenue Active | $1,729,000 List Price | 2 | 2 | 1,382 | $1,251 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, the property is significantly dated with a kitchen that appears to have had a partial renovation approximately 20 years ago (oak cabinets and granite counters). While the interior looks clean and functional, the listing's heavy emphasis on SB-9 development potential and 'blank canvas' kitchen indicates it is positioned for a major update or redevelopment rather than being a modern move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9192, living area = 1402.
Elementary School: Warner Avenue Elementary School (9/10).
Situated South of the Boulevard in the highly coveted Carpenter Community Charter School district, providing exceptional long-term value and access to one of the area's top-rated elementary schools.
Built in 1937 and described as a 'blank canvas,' the existing structure likely requires significant renovation or a complete teardown to meet modern luxury standards.
With only two bedrooms and 1,402 square feet of living space, the current home may not meet the needs of families or buyers looking for a move-in-ready residence at this price point.
Situated south of the boulevard in the heart of Studio City, this rare opportunity, with strong SB-9 development potential, offers a completely flat and fully usable lot in one of the area's most sought-after neighborhoods. Located within the highly desirable Carpenter Community Charter School district and surrounded by beautiful multi-million dollar homes, 3914 Carpenter Ave presents endless potential for homeowners, developers, and investors alike.Filled with charm and natural light, the home features inviting living and dining spaces that create a warm and welcoming atmosphere. The kitchen offers a true blank canvas with views overlooking the expansive backyard and pool, while both bedrooms are generously sized with primary-suite potential, providing comfort and flexibility for a variety of living arrangements.Whether you envision building your dream home, expanding the existing residence, or creating a valuable investment property, the possibilities on this oversized lot are exceptional. The property offers prime positioning with exceptional upside in a neighborhood known for strong long-term value and demand.Just moments from Ventura Boulevard, enjoy easy access to some of Studio City's best restaurants, cafes, boutiques, and entertainment. With its unbeatable location, flat usable land, and proximity to major studios and the Westside, this is a unique opportunity to create something truly special in one of Los Angeles' most coveted communities.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 5% |
| Baths | 2.0 | 4.0 | 15% |
| Square foot | 1,402 | 2,583 | 3% |
| Lot Size | 9,192 | 8,899 | 51% |
| Price | $1.49M | $2.23M | 9% |
| Price per sq ft | $1.1K | $902 | 72% |
| Built year | 1937 | 1957 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 146 | 1% |
May 12, 2026
$1,490,000
Initial Listing