Lumiere is a 41-unit, low-rise condominium building at 4424 Whitsett Avenue, built in 2009 with controlled access and resort-style amenities a short distance from Beeman Park and the movie studios of Studio City.
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Lumiere is a three-story building completed in 2009 with 41 units ranging from about 1,310 to 1,617 square feet, with a typical unit offering two bedrooms and two bathrooms averaging around 1,432 square feet (source: Redfin). Building amenities include controlled access, a Zen garden, a media room, a fitness center, a fountain, and secured parking (source: Redfin). The building sits close to the Studio City branch library, nearby movie studios, Beeman Park, and offers convenient access toward Downtown Los Angeles (source: Redfin). The average listing price has been around $789,900 (source: Redfin).
As of mid-June 2026, Studio City citywide has a median sale price around $1,790,000, up 25.6% year over year, or about $843 per square foot (up 0.4% year over year), with a median list price around $2,100,000, or about $818 per square foot. About 168 homes were on the market with 28 recently sold, homes typically going pending in around 59 days at about 97.7% of list price, buyers averaging roughly two offers per home, and a typical down payment around 63.5% (source: Redfin). Lumiere’s average listing price of about $789,900 sits well below the citywide median sale price, reflecting its condo product type versus the predominantly single-family sales that drive the citywide figures. [INSERT: confirm current active listing prices for Lumiere specifically]
Homes in this area of Studio City offer a combination of architectural character, established landscaping, and strong community identity that attracts buyers looking for something beyond a generic suburban tract. While the broader Studio City market provides a range of options, this particular pocket has its own micro-market dynamics — often with faster absorption times and tighter inventory than comparable addresses across town.
hillside homes and newer townhome communities carry HOA dues; flat-land single-family homes typically do not Buyers who prioritize privacy, outdoor space, and a neighbors-who-wave culture consistently point to neighborhoods like this one as undervalued relative to the broader San Fernando Valley market.
The homes in this area range from post-war single-family residences to updated modern builds, with many properties undergoing significant renovations over the past decade. Lot sizes are competitive for Los Angeles County standards. Most homes feature private outdoor space, attached garages, and mid-century design cues that have become increasingly sought-after in Southern California real estate.
Buyers with specific taste — whether for Spanish Colonial, Craftsman, or Contemporary — will find homes here that meet that brief. The range of price points within the community also means that entry-level buyers and move-up buyers often shop the same streets, which keeps demand diversified across market cycles.
This area of Studio City has tracked alongside or above the broader San Fernando Valley appreciation curve over the past several years. Rental demand is also strong — single-family homes in Studio City attract quality long-term tenants, making buy-and-hold strategies viable even with current interest rate environments. The Knight Group tracks off-market opportunities in this area specifically because they rarely generate open-offer situations and tend to close with less friction than listed properties.
Lumiere represents one of Studio City’s newer residential development phases — a contemporary townhome and condo community that brought the urban residential density format to the Studio City market as an alternative to the aging single-family ranch stock and the older condo complexes that dominated the lower-priced Studio City ownership market. The development’s contemporary finishes, the open-concept floor plans, and the community amenities (pool, fitness center, secured parking) position Lumiere as the Studio City entry point for the first-time buyer or the downsizer who wants the Studio City address and the contemporary residential experience at a price point below the single-family detached market. The Ventura Boulevard commercial corridor proximity creates the walkable access to Studio City’s dining and retail that the Lumiere resident values for the urban lifestyle that the boulevard provides within a short walk of the development’s location. The development’s community character — the shared amenity spaces and the HOA governance that maintains the community standards — creates the community environment that the condo owner who values common-area maintenance and community management specifically chooses over the individual homeownership of a detached property.
Lumiere’s contemporary finish level and the Studio City location create a strong rental demand profile for investors evaluating the Studio City condo market: the entertainment industry professional and the young Westside commuter who values the Studio City lifestyle at the studio-area price point create consistent rental demand for the 1- and 2-bedroom Lumiere units. The HOA rental restrictions (percentage of units that can be rented) should be confirmed before purchasing as an investment property — HOA documents will specify the current owner-occupancy ratio and any rental cap limitations that the CC&Rs impose.
As a flatland condo building, Lumiere generally carries lower wildfire exposure than Studio City’s hillside neighborhoods (source: Cal Fire hazard severity zone maps). [INSERT: confirmed fire hazard severity zone designation for this address]
Like the rest of the San Fernando Valley flatlands, Lumiere sees hot, dry summers and milder, occasionally rainy winters (source: regional climate data).
Lumiere sits at 4424 Whitsett Avenue, close to the Studio City library, Beeman Park, and nearby movie studios, with convenient access toward Downtown Los Angeles (source: Redfin). [INSERT: confirmed drive times from this address to Ventura Boulevard and the US-101]
Lumiere falls within the Los Angeles Unified School District. [INSERT: confirm elementary, middle, and high school assignments for this address]
Studio City is part of the City of Los Angeles and is served by the Los Angeles Department of Water and Power (LADWP).
Los Angeles Unified School District (LAUSD) serves this area. Within the neighborhood’s draw zone, families typically access Carpenter Community Charter, Walter Reed Middle, and North Hollywood High. LAUSD and private school options are also available for families pursuing specialized programs in math, arts, or bilingual education. The availability of strong public schools at multiple grade levels is a consistent driver of demand in this area.
Residents commute primarily via Ventura Blvd, Coldwater Canyon, and the 101 Freeway, with typical drive times of 15–35 minutes to Hollywood, Burbank, and Century City. For buyers who prioritize non-freeway alternatives, local surface streets and rideshare coverage are solid. Remote work has reduced the commute calculus for many buyers in this market, but access to major employment corridors still factors into pricing at the neighborhood level.
Day-to-day conveniences are handled by Tujunga Village and Ventura Blvd’s Studio City corridor. Grocery options, pharmacies, fitness studios, and coffee shops are accessible without significant driving. The mix of national brands and local independents gives the area a lived-in feel that distinguishes it from purely commercial suburban centers.
Outdoor recreation centers on Fryman Canyon, Wilacre Park, and Runyon Canyon (15 min). Year-round outdoor activity is the norm in Southern California, and this neighborhood’s access to trails, parks, and recreational facilities is a meaningful part of the value proposition for active buyers. Nearby options expand the range further for buyers who prioritize specific activities like cycling, hiking, or swimming.
As of mid-June 2026, Studio City citywide has a median sale price around $1,790,000, up 25.6% year over year, or about $843 per square foot (up 0.4% year over year), with a median list price around $2,100,000, or about $818 per square foot. About 168 homes were on the market with 28 recently sold, homes typically going pending in around 59 days at about 97.7% of list price, buyers averaging roughly two offers per home, and a typical down payment around 63.5% (source: Redfin). Lumiere’s average listing price of about $789,900 sits well below the citywide single-family median, typical for the condo segment. [INSERT: confirm current median list price for Lumiere specifically]
With 41 total units built in 2009, Lumiere is one of Studio City’s newer condo buildings. [INSERT: confirmed current active listing count for Lumiere specifically]
Citywide, Studio City’s median price per square foot is up a modest 0.4% year over year (source: Redfin), a figure more comparable to condo pricing trends than the 25.6% jump in median sale price, which is being driven by larger single-family sales.
Active listings in this area of Studio City have been trading in the $1.3M–$5M+ range for single-family homes, depending on square footage, lot size, and renovation quality. The market is sensitive to condition: fully updated homes transact at the top of the range, while fixer-upper and dated inventory sits longer and tends to attract investor offers below list. Understanding this bifurcation is essential for buyers calibrating their search budget.
The buyer profile here skews toward entertainment industry professionals, young families, and Mulholland Drive lifestyle seekers. Demand is rarely speculative — most buyers who commit to this neighborhood are making primary residence decisions tied to school zoning, commute routes, or lifestyle preferences that are not easily substituted elsewhere. This makes the market relatively resilient during broader downturns: demand does not evaporate, it waits.
Inventory has been tight relative to historical averages. Well-priced homes in move-in condition typically receive multiple offers within the first week. Overpriced or significantly deferred-maintenance properties sit considerably longer — sometimes through multiple price reductions — before finding a buyer. The Knight Group uses real-time MLS data to identify mispriced inventory and act before market corrections happen.
The price dynamics in this area are shaped by Studio City consistently outperforms surrounding Valley neighborhoods due to proximity to studios and a strong walkable village feel. Buyers who understand these local drivers are better positioned to make competitive offers and negotiate from strength. The Knight Group’s market intelligence extends beyond list prices and includes off-market sales, pending transactions, and expired listings that paint a more complete picture of true market value in this area.
Studio City’s micro-neighborhood price stratification is among the most pronounced in the SFV: the flat Colfax Meadows and Beeman Park areas south of Moorpark trade at $1.3M-$2.2M for single-family, while the hillside communities (Longridge Estates, The Donas, Wrightwood Estates, Sunswept) command $2.8M-$8M+ for the view properties and the gated cul-de-sac estates. Fryman Canyon proximity adds a consistent premium tied to trail access — homes within a 3-block walk of the Fryman Canyon trailhead outperform the broader Studio City market in both price-per-square-foot and time-to-offer. The LA River Greenway’s planned improvements will benefit the flat-area neighborhoods (Colfax Meadows, Beeman Park, Footbridge Square) as the riverfront trail transforms from utilitarian flood channel to linear park over the coming decade. Studio City condo and townhome product near Ventura Boulevard typically ranges $750K-$1.4M, making it one of the pricier SFV condo markets due to the Westside commute proximity and the walkable Ventura Boulevard lifestyle.
Lumiere is a 41-unit condominium building at 4424 Whitsett Avenue in Studio City, built in 2009 (source: Redfin).
Controlled access, a Zen garden, a media room, a fitness center, a fountain, and secured parking (source: Redfin).
Units range from about 1,310 to 1,617 square feet, with a typical unit offering two bedrooms and two bathrooms averaging around 1,432 square feet (source: Redfin).
The average listing price has been around $789,900 (source: Redfin). [INSERT: confirm current active listings for Lumiere]
Competition varies significantly by price point and condition. Turnkey single-family homes in desirable pockets of Studio City often attract multiple offers — particularly when listed under $1.3M. Fixer-uppers and properties with deferred maintenance see much softer competition. Working with an agent who has real-time visibility into days-on-market and offer-history data is critical to calibrating your bid strategy correctly.
Studio City has demonstrated consistent appreciation over the past decade, supported by Studio City consistently outperforms surrounding Valley neighborhoods due to proximity to studios and a strong walkable village feel. While no market guarantees future returns, the fundamentals here — limited land supply, strong school performance, and proximity to employment — align with the characteristics that historically underpin sustained appreciation in Southern California. The Knight Group can provide a detailed appreciation analysis for specific streets or sub-neighborhoods on request.
A meaningful percentage of transactions in Studio City — particularly in the upper price tiers — never hit the MLS. Sellers who want privacy, convenience, or to avoid the preparation costs of a listed sale often prefer a direct buyer introduction. The Knight Group maintains an active off-market network in Studio City and can present qualified buyers to sellers before a property is listed. If your target property type is not available on-market, a conversation with our team about off-market options is worth having.
Studio City contains multiple distinct micro-neighborhoods, each with its own character, price range, and amenity profile. The differences between a north-of-Ventura address and a south-of-Ventura address in this area, for example, can be meaningful in terms of pricing, lot size, and school assignment. The Knight Group provides neighborhood-level guidance — not just city-level — to ensure buyers understand exactly what they are buying into before making an offer.
HOA fees at Lumiere typically range $350-$600/month depending on the unit size and the current HOA budget. Fees cover community amenities maintenance, exterior landscaping, pool and fitness center operations, and building insurance. Buyers should request the HOA’s current financial statements, reserve fund study, and any pending special assessments as part of standard due diligence for any Lumiere unit purchase.
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