Studio City Communities

Studio City is a historic neighborhood within the city of Los Angeles, California, in the San Fernando Valley, known for the number of celebrities who have been seen or who reside there. Its low-density residential district includes an older-aged, 78% white, well-educated, high-income population with a relatively high percentage of military veterans. Within its borders are six private and five public schools.

Originally known as Laurelwood, the area Studio City occupies was formerly part of Rancho Ex-Mission San Fernando. This land changed hands several times during the late 19th Century and was eventually owned by J. B. Lankershim 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 and was no longer viable for farming.[clarification needed]

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.[4]

In 1927, Mack Sennett began building a new studio on 20 acres donated by the land developer.[5] The area around the studio was named Studio City.[6]

Schools

Getting to know Studio City

Schools within the Studio City boundaries are:[73]

 

Walter Reed Middle School

Ted Slavin Field

Market Stats for Studio City

by Price Range

General Stats

Highest Price Listing

$8,598,000

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Average Listing Price

$1,894,624

Total Market Listings

156

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Average Price Per Sq Ft

$684.00