Luxury Condo · Studio City · Sold
11023 Fruitland Drive #401 Studio City, California 91604
The Brief
Our client owned a singular home: the top-floor corner residence at Citron Modern Living, just south of Ventura. Condos trade differently than houses — a thinner buyer pool, sharper HOA scrutiny, and comps drawn largely from a single building. We set a strategy built on patience: read the market closely, present the home flawlessly, and hold for the number the residence deserved. Then we ran it, together, start to finish.
Market Study & Strategy
Before the sign ever went up, we studied Citron's own sale history and every comparable condo south of Ventura — absorption pace, HOA health, and what top-floor corner light and southern exposure are actually worth to a buyer.
The plan was deliberate: position at a number the market could defend, present the home immaculately, and stay disciplined when early interest tried to talk us down. We worked it with the seller at every step — no surprises, one shared strategy.
3-Phase Compass Marketing
Buzz, beauty, and reach — sequenced the way Compass does it best. The 3-Phase plan turned a single listing into a multi-week story across private networks, social, and the open-house floor.
A Compass Private Exclusive and Coming Soon teaser put the penthouse in front of the agent network before the public ever saw it.
Professional photography, twilight imagery, and a full branded video — the visuals that travel and sell light.
Compass-wide distribution and targeted social campaigns, with open houses that showcased the southern light and the view.
Patience, Rewarded
The condo market rewards discipline over panic. Rather than chase the first soft offers, we stayed the course across 60 days on market — refining outreach, cultivating backup interest, and protecting price the entire way.
When the right buyer arrived, we were positioned to win it: closed at $1,137,500 on June 11 — the number our seller set out to get, exactly as planned.
The Arc
A disciplined hold through 60 days on market, then a clean path to a June 11 close once the right buyer surfaced.
Inside the Penthouse
By the Numbers
The story of Fruitland in numbers. The kind of result that comes from reading the market, presenting flawlessly, and refusing to blink on price.
For Studio City Condo Owners
Condos reward a different playbook than single-family homes. Here's what actually moves the number in a building like Citron Modern Living.
In an 18-unit building like Citron, your closest comparables are your neighbors. We track every in-building sale, active listing, and floor-by-floor premium — because a buyer's appraiser will, too. Pricing starts with real, recent comps — not a hopeful number.
Monthly dues, reserves, owner-occupancy, and litigation status decide who can actually finance the purchase. We get ahead of lender and warrantability questions early — so a clean condo questionnaire never stalls the deal.
The condo buyer pool is thinner than the market for houses, so early lowball interest is normal — not a signal to cut. With the right reserves of nerve and a disciplined marketing cadence, holding the number is usually how you get it.
Top-floor and corner units, southern light, private balconies, and outdoor access command real premiums in Studio City. We don't bury those features in a list — we build the entire campaign around them.
Studio City · 91604 · Condo Market
A live snapshot of the 91604 condo & townhome market — pricing, days on market, inventory, and where the leverage sits today.
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View the Full ReportSource: Chartwell Escrow weekly market report, Jun 3, 2026 · Studio City, CA 91604 condos & townhomes. Figures are market-wide and not specific to any one property.
FAQ
As of June 2026 the median list price for Studio City (91604) condos and townhomes is about $825,000 — roughly $603 per square foot. See the full Studio City condo market report for current figures.
The market currently favors sellers slightly — the Market Action Index is 37 — but it has cooled from 41 a month earlier and inventory is rising. That makes pricing on evidence and presenting the home flawlessly more important than ever.
Condos here average about 61 days on market, with half newer than roughly 35 days. Patience is normal — a disciplined hold often delivers a stronger number than rushing a price cut.
Condos have a thinner buyer pool, sharper HOA scrutiny, and comparables drawn largely from a single building. Pricing precision, financeability, and presentation carry more weight than they do for single-family homes.
Dues, reserves, owner-occupancy, and warrantability decide who can finance the purchase. We get ahead of those lender questions early so a clean condo questionnaire never stalls the deal.
Read the building’s own comps, present the home immaculately, price on evidence rather than optimism, and stay patient for the right buyer. That approach recently delivered a $1,137,500 sale at Citron Modern Living (11023 Fruitland #401).
We took the time to read the market and the building, and we stayed patient through it. When the right buyer came, we were positioned to win — and our seller got the number they wanted.
Ania & Michael · AMRE Real Estate Group at Compass
