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Studio City

California - Los Angeles

16.3°C

Studio City - Los Angeles

Studio City is a small universal town, located in the San Fernando Valley and described as "forever cool" thanks to its safety and its wealthy environment. The entertainment industry elite settled over there after that the film producer, Mack Sennett, established his CBS Studio Center in 1927. It became a trendy city with a dynamic nightlife.

House
Surface type (Av.): 3770 m2
Min price (Av.): $1,197,777
Med price (Av.): $3,143,360
Max price (Av.): $8,950,000
Market overview

The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.

Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of  ease to find one.

Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.

Who buys?

Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.

Buying basics

"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Studio City Recreation Center

Also called "Beeman Park", this entertainment center has an auditorium, barbecue pits, baseball, tennis and basketball courts, as well as an outdoor running, walking trails, and playgrounds. This best well hidden park will provide you lots of fun to you and your kids.

Rotary Art Show

This bi-annual art show takes place in May and in October since 1970. This iconic event gathers local community as well as artists and art lovers. It proposes a large range of art, from painting to sculpture by way of photography, textiles as well as jewelry. Therefore, artists come presenting their handmade work. This mix of quality and uniqueness makes this even unmissable. Next show: October 7-8, 2017 (free admission).

Studio City Film Festival

This festival allows to expand your film culture thanks to international movies.  The Studio City Film Festival proposes films of all kinds, such as thought-provoking or entertaining movies. Therefore, cultures and ethnicities that are usually underrepresented on the cinema scene have a chance to showcase their work. This event is based on the strong conviction that the arts unify people and is the link that gathers cultural and ethnic gaps. 

Date: November 3rd to 9th 2017

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
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