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11971 Lockridge Rd, Studio City, CA 91604

List Price: $50,000On Market FlagOn market
Jun 1, 202510,338 sqft7 beds10 baths
Listed by: Michael Libow
License #: 00863172
Phone #: 310-691-7889
Compass
Source:
CRMLS Logo
MLS #: 25546651

Property Description

Remarkable long-term lease on this double-gated ultra-secluded 2002-built 2sty manse on the most exclusive gated private road of only 4 homes in Fryman Estates set on a majestic 2.4 acre (mostly usable) lot with sweeping city/canyon/hilltop/treetop views. Voluminous scale with super high ceilings, light-filled rooms, and endless grounds including a fabulous pool/spa and lighted full-size tennis court all taking perfect advantage of the unobstructed views. From the circular motorcourt, one enters into the dramatic 2sty dual-staircase skylit foyer leading to a gracious paneled library/office, living room/salon, formal dining room, and huge family room with bar and wine storage. Massive chef's kitchen with breakfast room and walk-in pantry overlooks and opens to the grounds and views. Primary retreat contains a sitting room, bar, fireplace, sauna, dual baths with large walk-ins, and views. 4 other generous bedroom suites upstairs along with a large secondary family room. 2 guest bedroom suites downstairs. As a functional bonus space, a nearly 500 sq ft gym/studio/flex space with outdoor and garage entryways exists downstairs. Direct access 3-car garage with EV charger capability. Moments from studios, shopping, dining, entertainment, hiking trails, and all other Studio City amenities, this is the ultimate long-term lease for 2025 and beyond. Shown to highly pre-qualified tenants only.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$315,294

TurboHome Estimated Value

$10,534,800

$1,019 sqft

High Valuation
$11,061,540
$1070/sqft
Normal Valuation
$10,534,800
$1019/sqft
Low Valuation
$10,008,060
$968/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1019/sqft$10,534,800

Neighborhood: Hollywood Hills

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Comparative Value

$50K

$10.80M

$12.40M

$12.80M

11971 Lockridge Rd, Studio City, CA 91604

List Price: $50,000

Subject Property

9301 Cherokee Ln, Beverly Hills, CA 90210

Sale Price: $10,800,000

Selected Comparable

2630 Harlesden Ct, Los Angeles, CA 90046

Sale Price: $12,400,000

Selected Comparable

3160 Coldwater Canyon Ave, Studio City, CA 91604

Sale Price: $12,797,500

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
11971 Lockridge Rd, Studio City, CA 91604

11971 Lockridge Rd, Studio City, CA 91604

List: $50,000

Listed: 6/1/2025

Area:10,338 sqft
Price/sqft:$5
Beds:7
Baths:10
Year Built:
Lot Size:104,949

Comparable Properties

COMPARABLE
Choose comps
3160 Coldwater Canyon Ave, Studio City, CA 91604

3160 Coldwater Canyon Ave, Studio City, CA 91604

Sale: $12,797,500

7/15/20250.86 mi

Area:11,411 sqft
Price/sqft:$1,122
Beds:6
Baths:10
Year Built:
Weight:39.0%
9301 Cherokee Ln, Beverly Hills, CA 90210

9301 Cherokee Ln, Beverly Hills, CA 90210

Sale: $10,800,000

8/30/20241.14 mi

Area:11,500 sqft
Price/sqft:$939
Beds:7
Baths:11
Year Built:
Weight:35.3%
2630 Harlesden Ct, Los Angeles, CA 90046

2630 Harlesden Ct, Los Angeles, CA 90046

Sale: $12,400,000

10/25/20241.56 mi

Area:9,000 sqft
Price/sqft:$1,378
Beds:6
Baths:9
Year Built:
Weight:25.7%

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