San Fernando Valley Guide
Studio City and Toluca Lake
Studio lots, Tujunga Village and tree-lined streets at the foot of the hills.
Free Buyer’s GuideFree Seller’s GuideStudio City grew up around what is now CBS Studio Center, and it still feels like the Valley’s creative heart, with Ventura Boulevard, Tujunga Village and hillside homes climbing toward Mulholland. Toluca Lake, just east, is a quiet, leafy enclave built around Lakeside Golf Club and next to the Warner Bros. lot.
Over the last year, houses here sold for a median of $2,095,000, about $887 a square foot, and condos for about $807,500.
Updated October 2026
Last 12 months, houses and condos priced $450,000 and up. Source: TheMLS, October 21, 2026. Details in the market snapshot below.
Studio City market snapshot
Studio City is a balanced market, with about 4.8 months of supply for houses. The median house sold in 25 days, and homes that sold in their first month averaged 100.4% of asking. After that, prices soften quickly, so pricing right from day one matters.
What happened to every listing
458 listings came off the market without selling. 329 of them (72%) came back with a new listing, and 127 of those sold.
How fast homes sell, and for how much
Homes that sold in the first 30 days averaged 100.4% of asking. After 120 days, 96.2%.
Houses vs. condos
Houses sell for about $887 a square foot here, condos for about $573.
Studio City and Toluca Lake (TheMLS areas Studio City, Toluca Lake), houses and condos priced $450,000 and up, listed through TheMLS, October 21, 2025 to October 21, 2026. Sold counts exclude sales recorded off the MLS. “Relisted” means a listing was canceled, expired or withdrawn and the same home was listed again during the period; a home relisted more than once counts each time. Information deemed reliable but not guaranteed.
| Last 12 months | Sold | Median price | Median $/sq ft | Median days | Sale-to-list | Listings that sold | Months of supply |
|---|---|---|---|---|---|---|---|
| Houses | 323 | $2,095,000 | $887 | 25 | 98.3% | 49% | 4.8 |
| Condos | 138 | $807,500 | $573 | 30 | 99.4% | 53% | 5.9 |
| All Studio City and Toluca Lake | 461 | $1,737,000 | $773 | 26 | 98.7% | 50% | 5.1 |
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Studio City and Toluca Lake values, street by street
Prices here run from about $660K on Bluffside Dr for condos to about $3.6M on Rhodes Ave. The biggest dividing line is Ventura Boulevard: houses south of it sold for a median of $2.1M, versus $2.02M north of it.
Median sale price by street (houses unless noted)
Median of sales of $450,000 and up, last 12 months. Five or more sales per street. Source: TheMLS, October 21, 2026. Information deemed reliable but not guaranteed.
Renting in Studio City
Rents here ran about $4,995 a month at the median, from about $2,750 for a one-bedroom to about $5,800 for three bedrooms, across 435 MLS leases. 56% of rentals leased, with a median of 38 days on the market. Most apartments built before October 1978 fall under the City of Los Angeles rent stabilization ordinance.
Median rent by bedrooms
Leases signed through TheMLS, October 21, 2025 to October 21, 2026, Studio City and Toluca Lake. Bedroom groups with fewer than three leases are left out. Plenty of rentals never reach the MLS. Information deemed reliable but not guaranteed.
Studio City and Toluca Lake at a glance
| Studio City and Toluca Lake | |
|---|---|
| Jurisdiction | City of Los Angeles |
| Median sale price | Houses $2,095,000. Condos $807,500 |
| Sales in the last 12 months | 323 houses and 138 condos |
| School district | Los Angeles Unified, with many affiliated charter and magnet options |
| Transfer tax | $5.60 per $1,000 (city and county combined), plus Measure ULA on sales above $5.4 million |
Studio City and Toluca Lake, south and north of the Boulevard
South of Ventura Boulevard
The hillside and canyon streets climbing toward Mulholland, with bigger lots, more privacy and views. Houses here sold for a median of $2.1M, about $851 a square foot. Many of these streets are in the city's Very High Fire Hazard Severity Zone, so get insurance quotes early.
North of Ventura Boulevard
Flatter streets of ranch houses and the neighborhood's condo buildings, closer to the freeways and schools. Houses sold for a median of $2.02M, condos for about $808K.
Toluca Lake
East of Studio City, around Lakeside Golf Club and next to the Warner Bros. lot. Mostly 1930s and 1940s traditional houses on quiet, leafy streets. 64 houses sold last year at a median of $1.9M, versus $2.1M in Studio City.
Where I eat near Studio City
My go-to, a few minutes east in Burbank.
Cuban bakery
Porto's Bakery
3614 W. Magnolia Blvd., Burbank
A Cuban bakery and cafe that is always worth the line. Get the potato balls, the cheese rolls and a box of pastries for the office.
Bar
Oy Bar
Studio City
A neighborhood bar in Studio City, good for a drink after dinner on Ventura.
Buying and selling: what to know
In the Valley, the same budget can buy very different houses depending on which side of Ventura Boulevard you are on, how close you are to the freeway, and whether the lot is flat or hillside. Pools, additions and ADUs are common here, so permit history matters.
For sellers, the first month is the window: homes that sold in their first 30 days averaged 100.4% of asking, and homes that sat past 120 days averaged 96.2%.
What is your home worth?
Tell me the address and I will send you a value based on recent sales on your street, not an online estimate.
Schools
Studio City is in Los Angeles Unified, which runs many affiliated charter and magnet schools in the Valley. Assignments depend on the address, so confirm the attendance area for any specific home. The area also has well-known private schools.
Getting around
Studio City is a short drive over Laurel Canyon or the 101 to Hollywood, and Universal City's B Line station connects to Hollywood and downtown. Toluca Lake sits next to Burbank and its airport.
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Questions buyers and sellers ask
Is Studio City part of the City of Los Angeles?
Yes. Neighborhoods of the San Fernando Valley like this one are part of the City of Los Angeles, so city rules apply, including the city transfer tax, Measure ULA on sales above $5.4 million and the rent stabilization ordinance for older apartments.
How much do houses cost in Studio City?
Over the last 12 months the median house sold for $2,095,000, about $887 a square foot, and the median condo for $807,500.
How fast do homes sell in Studio City?
The median house sold in 25 days, with about 4.8 months of supply.
What does "south of the Boulevard" mean?
It means south of Ventura Boulevard, toward the hills and Mulholland. Here, houses south of the Boulevard sold for a median of $2,104,000, versus $2,025,000 north of it.
Are the Studio City hills in a fire zone?
Some hillside streets in the hills south of Ventura Boulevard are in state-mapped Very High Fire Hazard Severity Zones. That affects brush clearance requirements, building rules and, most of all, insurance. Look up the address on the CAL FIRE map and get an insurance quote early in escrow, before your contingencies are up.
Nearby areas
Thinking about Studio City and Toluca Lake?
Whether you are buying your first house in the Valley or selling one you have owned for years, I will walk you through the street, the side of the Boulevard and the numbers. Email BeRossHomes@Gmail.com or call or text (818) 424-1675.
