Whether you’re a builder, contractor or someone looking for the ideal spot to build your dream home, you won’t want to miss this unique opportunity. to build a luxurious home FEATURING GAS APPLIANCES in the this prestigious community south of the Boulevard. The 6000 square foot lot located south of the Boulevard comes with approved plans so construction can begin immediately! Despite a ban in LA County, this house is PERMITTED FOR GAS. The plans include renderings for a spectacular 3000 square foot home featuring 4 bedrooms, 4 and half bathrooms, 2-car garage, basement, 10 feet ceilings, elevator, rooftop oasis, infinity pool and stunning views of the valley. This lot is just a stone’s throw from Ventura Boulevard’s fashionable shops and restaurants and practical amenities like Ralph’s and Trader Joe’s. It's also conveniently located close to Harvard-Westlake Prep.
Property Details
Property Features
Listing Office:
Office Name: First Team Real Estate
Office Email: robbipeele@firstteam.com
Listing Agent: Robbi Peele
Exterior Features
Exterior Information:
View: Valley
Lot Features
Lot Information:
Lot: Greenbelt
Lot Size: 0.14 Acres
School Info
Assigned Schools Information:
North Hollywood Senior High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Walter Reed Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Carpenter Community Charter, Public Charter Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: From Ventura Blvd. South to Laurel grove Ave. Left on Laurel Terrace Drive.
Price Information
Listing Price Info
Price Summary:
List Price: $585,000
Tax Information:
Annual Amount: $2,817
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $390.9K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24046006
Listing Office:
Office Name: First Team Real Estate
Office Email: robbipeele@firstteam.com
Listing Agent: Robbi Peele
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 25, 2018
Jan 25, 2018Home Sold
$220,000
Jul 20, 1989
Jul 20, 1989Home Sold
$105,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,817
$231,259
2020
$2,732
$228,888
2019
$2,129
$224,400
2018
$2,081
$169,766
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Carpenter Community Charter
3909 Carpenter Ave
Distance between this listing and this school0.41 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.98 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.45 miles
Public Magnet Grades 1-5
Middle School
6
/10
Walter Reed Middle School
4525 Irvine Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.64 miles
Public District Grades 6-8
High School
7
/10
North Hollywood Senior High School
5231 Colfax Ave
Distance between this listing and this school1.87 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.82 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school12.88 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
Carpenter Community Charter
3909 Carpenter Ave
Distance between this listing and this school0.41 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.98 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.45 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Walter Reed Middle School
4525 Irvine Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.64 miles
Public District Grades 6-8
Nearby Schools
7
/10
Robert A. Millikan Middle School
5041 Sunnyslope Ave
Distance between this listing and this school2.20 miles
Public Charter Grades 6-8
Assigned Schools
7
/10
North Hollywood Senior High School
5231 Colfax Ave
Distance between this listing and this school1.87 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.82 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school12.88 miles
The neighbors living near this home have an average income of $84,615. Typical income of Los Angeles, CA residents is $200k+ annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12242 Laurel Terrace Dr
What is the listing price of this property?
The listing price of 12242 Laurel Terrace Dr property is $585,000.
What type of property is this?
The property 12242 Laurel Terrace Dr is land located in Studio City, California, 91604.
Is this property for sale now?
Active Listing: 12242 Laurel Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 12242 Laurel Terrace Dr are: Carpenter Community Charter: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Walter Reed Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10North Hollywood Senior High School: GreatSchools Rating 7/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,817 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 25, 2018 for $220,000. (source: MLS/tax record).
How much acreage is this property?
The property 12242 Laurel Terrace Dr is 0.14 acres.
Interested in 12242 Laurel Terrace Dr? Let's connect.
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This home is located at 12242 Laurel Terrace Dr in Studio City, CA and zip code 91604 in the The San Fernando Valley neighborhood. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $585,000.
While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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