11636 Valley Spring Lane, Studio City, CA 91604

$1,650,000 Asking Price

2 beds
1 bath
1,178  sqft
Built in 1938

Welcome to an extraordinary development opportunity in Colfax Meadows, one of the best neighborhoods in Studio City! Situated on a generous 6,864 corner lot, LARD1.5 zoning, presents a canvas of possibilities for the creative investor or visionary developer to maximize the lot and build multiple units. The added convenience of a corner lot enhances the appeal, providing flexibility for design and construction. The main house (currently occupied), built in 1938, has 2 bedrooms and 1 bath. The permitted, guest unit, (approximately 600 sqft), built in 1935, is currently vacant and has a separate Troost address. Close to the Farmers Market, Tujunga Village, and Ventura Blvd for shopping and restaurants. Located in the coveted Carpenter Community Charter School. TENANT OCCUPIED. PLEASE DO NOT WALK THE PROPERTY.

Features & Amenities

Interior

Laundry:
Inside
Fireplace:
None

Exterior

General:
Guest House
Style:
Traditional
Other Structures:
Guest House
Pool:
None
Parking:
Driveway, Parking spaces: 2

Construction

Roofing:
Composition,Shingle
General:
Other,Stucco, 1

Location

Originating MLS:
CRMLS
County:
Los Angeles

Lot

Zoning:
LARD1.5, 2368014119
View:
None

Utilities

Sewer:
Other

Financial

Source:
CRMLS

This listing courtesy of:
Sotheby's International Realty, Bryan Abrams

About Studio City, CA

Housing

Number of Units
14,496
Median Home Value
$1,032,706
Median Rent
$1,861

53.58% of housing units are renter occupied.

5.68% are vacant.

Commute

Car
43.73%
Public Transportation
2.48%
Walk to Work
1.04%
Work from Home
51.24%
Other
1.16%

The median travel time to work is 17 minutes.

People

Population
29,607
Median Age
41.50
Median Household Size
2.45

Education

High School
8.31%
Associate’s Degree
5.82%
Bachelor’s Degree
42.76%
Graduate Degree
22.81%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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