RealtyLens
for saleRealtyLens property overview
$1,649,000

12455 Milbank St

Studio City, CA, 91604
View more Studio City, CA property pages
4Beds
3Baths
2,012Sqft
$820$/sqft

Listing Notes

Located on a quiet street in the heart of Studio City, this newly remodeled 4-bedroom, 3-bathroom home offers modern comfort in an unbeatable location just moments from Ventura Boulevard. The residence showcases a brand-new kitchen, beautifully updated bathrooms, and new flooring throughout, creating a fresh, contemporary aesthetic. A bright, open floor plan with generous living spaces and abundant natural light makes the home ideal for both everyday living and entertaining. Well-proportioned bedrooms and a functional layout provide flexibility for families, guests, or home office needs. For investors or future expansion, the property includes RTI plans for a garage conversion ADU as well as an additional two-story structure in the backyard with a private entrance from Whitsett Avenue--offering exceptional income or multi-generational potential. Enjoy close proximity to top dining, shopping, and entertainment, along with easy access to major studios, the 101 and 134 freeways, and nearby parks and hiking trails--all while savoring the charm and tranquility of a residential neighborhood. A rare opportunity to own a turnkey home in one of Studio City's most desirable locations.

Market Insights

Below nearby median-23%

$820/sqft vs a nearby median of $1063/sqft.

Nearby median$1063/sqft
Nearby properties3
Property size2,012 sqft
  • -23% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,012 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.14M$1.89M$2.38M · 25% confidence
vs ask $1.65M−$490k (−29.7%)

Asking price is about 29.7% below the fair value — likely to draw competing offers if it's still on market.

$1,063/sqft median across 3 tight comps × 2,012 sqft= $2.14M
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-23% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
1 day
Last price change
No change recorded
Listed
May 11, 2026
Photos
45 photos
Property type
single family
Status
for sale

Photos

Price History

May 12, 2026Initial record
$1,649,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.