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Studio City

Getting to know Studio City

Studio City is a Los Angeles neighborhood on the edge of the Hollywood Hills in the East San Fernando Valley. Home to movie stars and rock stars, and world class restaurants, It also has some of the highest-rated schools in Los Angeles (both public and private).
 
Studio City was originally known as Laurelwood, and was formerly part of Rancho Ex-Mission San Fernando. Sold in 1846 by Governor Pío Pico to Eulogio F. de Celis. This land changed hands several times during the late 19th century and was eventually owned by James Boon Lankershim (1850–1931), and eight other developers, who organized the Lankershim Ranch Land and Water Company. In 1899, however, the area lost most water rights to Los Angeles, so subdivision and sale of land for farming became untenable. Construction of the Los Angeles Aqueduct began in 1908, and water reached the San Fernando Valley in November, 1913. Real estate boomed, and a syndicate led by Harry Chandler, business manager of the Los Angeles Times, with Hobart Johnstone Whitley, Isaac Van Nuys, and James Boon Lankershim acquired the remaining 47,500 acres (192 km2) of the southern half of the former Mission lands—everything west of the Lankershim town limits and south of present-day Roscoe Boulevard excepting the Rancho Encino. Whitley platted the area of present-day Studio City from portions of the existing town of Lankershim, as well as the eastern part of the new acquisition. In 1927, Mack Sennett began building a new studio on 20 acres donated by the land developer. The area around the studio was named Studio City. Today Radford Studios are still located there, with a long legacy of American favorites such as Gilligan's Island, Mary Tyler Moore, Big Brother and many more.
 
If you have any questions regarding Studio City or what else is happening in the real estate market. be sure to contact us.

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Market Stats for Studio City

by Price Range

General Stats

Highest Price Listing

$24,995,000

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Average Listing Price

$1,699,519

Total Market Listings

198

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Average Price Per Sq Ft

$635.00