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4180 Fair Avenue 5, Studio City, California 91602, Studio City, 91602 - 1 bed, 1 bath

4180 Fair Avenue 5, Studio City, California 91602 home-pic-0
ACTIVE$759,000
4180 Fair Avenue 5, Studio City, California 91602
1Bed
1Bath
1,280Sqft
33,463Lot
Year Built
2006
Close
-
List price
$759K
Original List price
$769K
Price/Sqft
$593
HOA
$450
Days on market
-
Sold On
-
MLS number
25589341
Home ConditionExcellent
Features
Good View: City Lights, Trees/Woods
Deck
Pool
ViewCity Lights,Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $759.0K(50th), sqft - 1280(38th), beds - 1(13th), baths - 1(13th).

Top-Floor Corner Penthouse | Pool & Private Balcony. Experience elevated living in this remodeled, light-filled penthouse a rare corner unit with no one above you. Soaring ceilings, wide-plank wood floors, and walls of windows create a bright, open atmosphere that flows seamlessly to your private balcony. The chef-inspired kitchen has been fully updated with modern finishes and stainless-steel appliances, while the updated bath offers a serene retreat. Enjoy the privacy of a quiet top floor, along with two secure parking spaces. Residents also have access to a sparkling pool and gated entry, all in an unbeatable Studio City location moments from Ventura Blvd.'s shopping, dining, and nightlife.

Price History

Date
Event
Price
10/31/25
Price Change
$759,000-1.3%
09/08/25
Listing
$769,000
Condition Rating
Excellent
Built in 2006, this penthouse has undergone a recent and extensive remodel, as evidenced by the 'fully updated chef-inspired kitchen' with modern stainless-steel appliances, contemporary white cabinetry, and marble-look countertops. The bathroom is also updated, and wide-plank wood floors extend throughout the unit, all appearing in pristine, virtually new condition. The property meets current quality standards with no visible deferred maintenance, aligning with the criteria for an 'Excellent' rating due to its recent comprehensive renovation.
Pros & Cons

Pros

Penthouse & Corner Unit: As a top-floor corner penthouse, the unit offers superior privacy, abundant natural light from walls of windows, and the benefit of no neighbors above, creating a quiet and exclusive living experience.
Modern Remodel & High-End Finishes: The property boasts a fully updated, chef-inspired kitchen with modern finishes and stainless-steel appliances, an updated bath, and wide-plank wood floors throughout, ensuring a move-in ready and contemporary aesthetic.
Prime Studio City Location: Situated in an unbeatable Studio City location, the property is moments away from Ventura Blvd.'s vibrant shopping, dining, and nightlife, offering exceptional convenience and lifestyle appeal.
Building Amenities & Security: Residents benefit from desirable building amenities including a sparkling pool, gated entry for enhanced security, and two secure parking spaces, adding significant value and convenience.
Spacious Layout & High Ceilings: With 1280 sqft for a 1-bedroom unit and soaring ceilings, the penthouse offers an exceptionally spacious and open atmosphere, providing a luxurious feel uncommon for its bedroom count.

Cons

Limited Bedroom Count: Despite its generous square footage, the property is a 1-bedroom, 1-bathroom unit, which may limit its appeal to a smaller demographic (singles or couples) and restrict future flexibility for growing households.
High Monthly Association Fee: A monthly association fee of $450 adds a substantial recurring cost to ownership, which could be a significant factor for budget-conscious buyers and impact overall affordability.
Recent Price Reduction: The property has recently undergone a price reduction from its original listing, which could indicate a slower market response or that the initial pricing was too ambitious, potentially affecting perceived value or buyer confidence.

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