
Studio City, California 91604
This Studio City Development Opportunity is a versatile asset in the prestigious Grove neighborhood, listed at $1,399,000. Positioned near the $1,314,319 Fair Market Value, the pricing reflects the market stability of this high-demand pocket and the significant upside of the LARD1.5 zoning. The home is in Dated Condition, yet offers a sunny backyard pool and access to the elite Carpenter Community Charter and Warner Avenue Elementary (9/10). This property is a strategic acquisition for Developers seeking multi-unit potential or Owner-Occupants looking to build custom equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4333 Radford Avenue Subject | $1,399,000* List Price | 2 | 1 | 1,419 | $926 | - |
A 3838 Buena Park Drive Sold | $1,559,000 | 4 | 3 | 1,616 | $965 | 0.7 mi |
B 12166 Laurel Terrace Drive Sold | $1,650,000 | 3 | 2 | 1,842 | $896 | 0.8 mi |
C 12224 Hillslope Sold | $1,550,000 | 3 | 1 | 1,262 | $1,228 | 0.7 mi |
D 4182 Sunswept Drive Sold | $1,050,000 | 2 | 2 | 1,392 | $754 | 0.9 mi |
E 11689 Picturesque Drive Sold | $1,340,000 | 3 | 3 | 1,824 | $735 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1941, the home is well-maintained but dated. While it features updated central HVAC and recessed lighting, the kitchen and bathroom show signs of a renovation that is likely 20-30 years old (basic white cabinetry and older tile work). The listing's emphasis on 'development opportunity' and LARD1.5 zoning further suggests the value is transitioning toward the land rather than the aging structure.
Elementary School: Warner Avenue Elementary School (9/10).
Situated at the end of a quiet cul-de-sac in the prestigious Grove neighborhood, this home offers access to the highly-coveted Carpenter Community Charter school and is moments from Fryman Hiking Trails and the Sunday Farmer's Market.
The property features LARD1.5 zoning, providing a rare and valuable opportunity for investors or developers to explore multi-unit potential in a high-demand Studio City pocket.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1419, other record living area = 1379.
With only one bathroom serving two bedrooms and an office, the current configuration may be a significant drawback for families or buyers expecting a primary suite at this price point.
The 5,002-square-foot lot is relatively modest for the area, which may limit extensive outdoor expansion or appeal to those seeking a larger private estate feel.
An amazing opportunity to own in one of the best pockets of Studio City, this adorable 1940's home boasts an open floor plan, two large bedrooms plus office, and a sunny backyard pool, all located at the end of a cul-de-sac in the highly desirable Grove neighborhood. The living room has wood floors, a wood-burning fireplace, and opens to the dining room, making it perfect for entertaining. Both bedrooms have sliding doors that open to the backyard, one has an attached office, and the other has an expansive sitting area. Other features include a separate laundry room, carport with direct access, wood floors throughout, recessed lighting, and central heating and air. Plus, you'll be mere moments from the Sunday Farmer's Market, Fryman Hiking Trails, and all the exciting eateries and shops Studio City has to offer, as well as one of the best public schools in Los Angeles, Carpenter Community Charter. LARD1.5 zoning for development opportunity.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.9 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 6% |
| Baths | 1.0 | 3.0 | 3% |
| Square foot | 1,419 | 2,570 | 7% |
| Lot Size | 5,002 | 8,401 | 7% |
| Price | $1.40M | $2.30M | 8% |
| Price per sq ft | $986 | $951 | 57% |
| Built year | 1941 | 1955 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 162 | 1% |
Apr 18, 2026
$1,399,000
Initial Listing