4323 Laurelgrove Avenue, Studio City, California 91604, Studio City, 91604 - 5 bed, 5 bath
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4323 Laurelgrove Avenue
Studio City, California 91604
ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
2,770Sq Ft
6,500Lot Size
Property Price
LIST PRICE$2,800,000
EST. MARKET VALUE
$2,843,875
SUMMARY
This Turnkey Multi-Unit Property is a High-Potential Investment Opportunity, listed at $2,800,000—positioned well below the $2,843,876 Fair Market Value by 1.5%. This valuation gap offers $43,876 in Instant Equity. Featuring a Condition Rating of 2, the main house and two separate ADUs are fully renovated. Located in the prestigious Footbridge area and zoned for the award-winning Carpenter school district, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Estimated Market Value
$2,843,875
Based on Realkey algorithm analyzing recent comparable sales in Studio City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4323 Laurelgrove Avenue Subject | $2,800,000* List Price | 5 | 5 | 2,770 | $1,027 | - |
A 4249 Rhodes Avenue Sold | $3,600,000 | 5 | 6 | 3,950 | $911 | 0.1 mi |
B 4242 Vantage Avenue Sold | $3,375,000 | 5 | 5 | 3,679 | $917 | 0.2 mi |
C 4115 Laurelgrove Avenue Sold | $2,250,000 | 5 | 4 | 3,236 | $695 | 0.3 mi |
D 4532 Laurelgrove Avenue Sold | $1,987,500 | 4 | 5 | 3,371 | $590 | 0.3 mi |
E 4300 Laurelgrove Avenue Sold | $2,600,000 | 5 | 4 | 3,226 | $806 | 0.1 mi |
F 4322 Alcove Avenue Sold | $2,400,000 | 5 | 5 | 4,649 | $516 | 0.6 mi |
G 4131 Troost Avenue Active Under Contract | $2,579,950 List Price | 5 | 6 | 4,190 | $616 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1936, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features modern wide-plank flooring, recessed lighting, and updated windows with plantation shutters. The exterior shows newer siding and roofing, and the inclusion of a Tesla charger indicates updated electrical systems. Both ADUs are in mint, move-in condition.
PROSSTRENGTHS & OPPORTUNITIES
- Dual ADU Income Potential
The inclusion of two separate, one-bedroom ADUs provides a rare opportunity for significant rental income or flexible multi-generational living arrangements in a high-demand area.
- Premier Location & Schooling
Situated in the prestigious Footbridge area and zoned for the award-winning Carpenter school district, the property offers exceptional long-term value and access to top-tier education.
- Exceptional Walkability
Located just 2.5 blocks from Ventura Boulevard, the home offers a highly desirable urban-suburban lifestyle with immediate access to boutique shopping, dining, and local amenities.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With 3,900 square feet of total living space distributed across three structures on a 6,500 square foot lot, the remaining yard and private outdoor area is relatively constrained.
- Vintage Infrastructure
Originally built in 1936, the property may require more frequent maintenance or updates to its core systems compared to newer constructions in the neighborhood.
About 4323 Laurelgrove Avenue
LOCATION, LOCATION, LOCATION! This beautiful Studio City Cape Cod home with TWO separate, one bedroom ADUs,is truly a unique property in this neighborhood. It sits in the prime, Footbridge area of Studio City. The main house is a two story with 3 bedrooms & 2 and a half bathrooms. The separate ADUs are each one bed, one bath; both with washer/dryers and both with outdoor seating areas. This property is a must see!! Super charming and one of a kind. The two one bedroom houses are adorable and high end. This home is zoned for the award winning Carpenter school district. Private schools like Campbell Hall, Harvard Westlake and Oakwood School are close by. Just a two and a half block walk to the bustling Ventura Boulevard, where you will find coffee shops, restaurants and boutiques along the strip. A Tesla charger is installed under the permanent carport.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 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 • 1.9 mi
7/10
Toluca Lake Elementary School
Grades K-5 • 2.4 mi
7/10
Wonderland Avenue Elementary School
Grades K-5 • 2.7 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 5.0 | 3.7 |
| Square foot | 2,770 | 2,738.333 |
| Lot Size | 6,500 | 7,678.807 |
| Price | $2.80M | $2.13M |
| Price per sq ft | $1.0K | $896 |
| Built year | 1936 | 1956 |
| HOA | $0 | $0 |
| Days on market | 24 | 62 |
Pricing History
Listed for Sale
Aug 16, 2026
$2,800,000
Initial Listing
Sold
Jan 31, 2012
$1,029,000
Public Record
Sold
Oct 18, 2011
$689,000
Public Record
Sold
Apr 28, 2003
$715,000
Public Record