4405 Carpenter Avenue, Studio City, California 91607, Studio City, 91607 - 2 bed, 2 bath
4405 Carpenter Avenue
Studio City, California 91607
Property Price
SUMMARY
Analysis of 4405 Carpenter Avenue, Studio City, California 91607 is currently available with a list price of $2,095,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Studio City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1941, this property is explicitly marketed as a development opportunity for an SB9 subdivision rather than a move-in ready home. The interior images reveal a highly outdated kitchen with dark wood cabinetry and old appliances, saltillo tile flooring, and the use of window AC units suggesting a lack of modern HVAC systems. The exterior shows a neglected, green pool and the listing description focuses on the potential for four new residences, indicating the existing structure holds minimal value compared to the expansive 18,793 square foot lot.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 18793, living area = 1793.
- SB9 Development Potential
The property is offered with an SB9 subdivision already in process, providing a rare and lucrative opportunity to transform a single lot into a four-residence complex.
- Expansive Corner Lot
Boasting over 18,700 square feet, the massive corner lot provides the necessary scale and street frontage to comfortably accommodate the proposed multi-unit development.
CONSRISKS & DEFICIENCIES
- Development Complexity
The project requires navigating the completion of the SB9 process and managing large-scale construction, which involves significant time, permitting, and regulatory risk.
- Minimal Value in Existing Structure
The original 1941 home is likely a tear-down or requires total renovation, meaning the current improvements contribute little to the overall purchase price compared to the land value.
- Substantial Capital Requirement
Beyond the $2.095M acquisition cost, the buyer will need significant liquid capital to fund the construction of approximately 4,200 square feet of new residential space.
About 4405 Carpenter Avenue
Situated on an expansive corner lot in one of the most desirable pockets of Studio City, this exceptional development opportunity is offered with an SB9 subdivision currently in process and plans underway. The proposed plan includes two main residences totaling approx 3,000 sq ft with 5-beds and 5-baths, along with two detached ADUs offering an additional 1,200 sq ft with 3-beds and 3-baths - for a total of 4 residences on the property. There is an existing house that has 2-beds and 2-baths. This property is ideally located within the award-winning Colfax School District, nearby top private schools, and is just moments away from the Studios, Ventura Boulevard’s renowned shopping and dining, the Studio City Farmers Market, Tujunga Village and so much more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 18,793 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,793 | 1,793 | 50% |
| Lot Size | 18,793 | 6,928 | 98% |
| Price | $2.10M | $1.40M | 78% |
| Price per sq ft | $1.2K | $795 | 92% |
| Built year | 1941 | 1947 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 154 | 22% |
Pricing History
Listed for Sale
Dec 17, 2025
$2,095,000
Initial Listing