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Toluca Lake

Toluca Lake

$1,899,578 Average Value
$755 Average Price per Sq Ft
31 Homes For Sale

Toluca Lake is bedroom community for the entertainment industry

Blending an upscale village with a company town, the San Fernando Valley's Toluca Lake was designed in 1923 as the entertainment industry's first bedroom community. “Toluca Lake feels like the Hanock Park of the Valley,” says Realtor Scott Sorrentino of Sotheby's and Team Sorrentino, a Toluca Lake native with 36 years' experience selling luxury real estate in this area. “You’ll find large homes of a similar vintage, a local shopping village and a real community feel.” Designed in 1923, this walkable, square-mile enclave has historically been home to A-list movie stars like Bob Hope, Bette Davis and Bing Crosby; today you'll find neighbors like Viola Davis, Kelly Clarkson and Dakota Fanning. “Though you won’t see any paparazzi around here,” continues Sorrentino, "Toluca Lake has the Valley's largest conglomeration of high net-worth entertainers in a non-gated neighborhood.” At the eastern end of LA’s San Fernando Valley, Toluca Lake is a sought-after enclave where you can enjoy a laid-back village feel but still live like a celebrity.

Commuters have access to popular roadways and public transportation

Surrounded by Burbank, Universal City, North Hollywood and Studio City, Toluca Lake is bisected by the 134, a mile south of the 101 freeway and near two stops on the Metro Red Line. A lushly landscaped 6-acre lake, once merely a natural spring, is this sleepy, sought-after community’s defining feature.

Lakefront and large homes in Toluca

Most of Toluca Lake’s large homes are Spanish- or Mediterranean-style from the 1920s through the early 2000s, ranging from $2.5 million to $5 million. Set close together and cushioned by immaculate lawns and fluffy palm trees, these mansions tend to have four or five bedrooms and four baths, as well as backyard patios and swimming pools. You might spend up to $8.5 million for a Traditional lakefront home from the late ‘30s through 1950s, with up to six bedrooms and five baths on a generous lot. Requiring membership in the Toluca Lake Property Owners Association, these lakefront showcases have a $390 monthly HOA. West of Cahuenga Boulevard, you’ll find apartment-style condos in multi-story buildings from the ‘60s through just about now, with two-bed, two-bath units ranging from $670,000 to about $1 million, plus a monthly HOA between $500 and $630.

Outdoor and nighttime recreation

Here you’ll have studios like Warner Brothers, Disney and Universal all around you; at the latter’s sprawling outdoor mall, you’ll can catch the latest movies at an AMC multiplex theater. Linger over well drinks at local Catcher in the Rye, laugh ‘til you cry at the Haha Comedy Club, or catch a play (often with a TV-celebrity cast) at the 130-seat Garry Marshall Theatre. For outdoor entertainment, head to the emerald-green, 18-hole course at the private Lakeside Golf Club, which has counted Frank Sinatra and Jack Nicholson among its members; popular pursuits here are celebrity-watching on the fairways and enjoying the mile-long wine list in the elegant clubhouse. And about 4 ½ miles south, 160-acre Runyon Canyon Park is a hilly landscape of rugged, winding and climbing trails and steep flights of steps; you’ll have wow-factor views of Hollywood and hillsides as you huff alongside trainer-toned locals and unleashed dogs.

Shopping and dining at Riverside Drive

You can do most of your errands along and near Riverside Drive, from picking up your dry cleaning at Milt & Edie’s (pausing to read the daily inspirational quote on their streetside sign) to filling up your grocery cart at Trader Joe’s; nearby, you'll also find a Vons and Whole Foods. Start your day at the nation's oldest Bob’s Big Boy (open here since 1949) or with a latte and fresh-baked muffin at cozy Priscilla’s, then fuel the day at gourmet, fast-casual and family-owned Olive & Thyme or with sushi and sashimi at Kabosu. Enjoy a classic steakhouse menu in a red-leather booth at the old-school, dimly lit Smoke House; tuck into hearty enchiladas and stiff margaritas at longtime Mexican standby Don Cuco’s; and head to the indoor-outdoor Italian idyll of Ca’ Del Sole for lunchtime gatherings and fairy-lit date nights.

Students attend public and private schools

Most local kids attend private schools like local Saint Charles Borromeo, serving transitional kindergarten through Grade 8, and Studio City’s celebrity-friendly Campbell Hall, which teaches kindergarten through Grade 12. However, you’ll find one of Los Angeles Unified’s most desirable public schools here: Toluca Lake Elementary earns a 9/10 rating from GreatSchools, with a 10/10 score for its students’ academic progress. Other nearby public options include Walter Reed Middle, which earns a 6/10 and offers smaller learning academies that include environmental science, STEAM and humanities; and East Valley Senior High, rated a 3/10 and offering an Inclusive Media Magnet track for students pursuing media-based entertainment careers.

Melanie Wynne
Written By
Melanie Wynne
Piter Beyt
Photography Contributed By
Piter Beyt
Luke Basinger
Video By
Luke Basinger

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Bob Hope

9 min drive

Bus

Riverside & Forman

Bus

Lankershim & Aqua Vista

Bus

Riverside & Cahuenga

Bus

Cahuenga & Whipple

Bus

Riverside & Mariota

Bus

Lankershim & Whipple

Bus

Riverside & Lankershim

Toluca Lake Demographics and Home Trends

Housing Trends

Median List Price
$1,695,000
Median Sale Price
$1,550,000
Median Single Family Sale Price
$2,425,000
Median Townhouse Sale Price
$1,285,000
Median 2 Bedroom Sale Price
$668,750
Median Change From 1st List Price
3%
Last 12 months Home Sales
74
Median Home Sale Price YoY Change
60%
Average Price Per Sq Ft
$755

Neighborhood Facts

Number of Homes in Neighborhood
2,220
Number of Homes for Sale
31
Median Year Built
1947
Months of Supply
5.00
Average Single Family Home Size Sq Ft
2,690
Significantly above the national average
1,925
Average Townhouse Size Sq Ft
2,398
Average 2 Bedroom Size Sq Ft
1,395
Average 1 Bedroom Size Sq Ft
831
Median Lot Size Sq Ft
7,840

Open Houses

  • Sunday, Sep 14
    2 - 5pm

    4331 Talofa Ave, Toluca Lake, CA 91602

    $3,650,000

    • 5 Beds
    • 4 Baths
    • 3,240 Sq Ft
    • 4331 Talofa Ave
    • New 11 days ago

    This elegant traditional home framed by a classic white picket fence resides above the street in the prestigious enclave of Toluca Lake. Professionally appointed with rich tones & touches throughout, this two story home exudes warmth, style & comfort. A formal entry connects the living room with fireplace & the dining room appointed with a chic chandelier while the spacious marble and stainless

    Karen Medved Compass

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  • Sunday, Sep 14
    2 - 5pm

    4654 Denny Ave, North Hollywood, CA 91602

    $1,749,000

    • 4 Beds
    • 3 Baths
    • 2,323 Sq Ft
    • 4654 Denny Ave
    • New 30 days ago

    Beautifully remodeled c.1926 Tudor-style cottage nestled in the heart of Toluca Lake. 3 + 2 plus 1 + 1 guesthouse. Original details have been lovingly preserved incl. graceful arches, latch windows, built-ins, Red Oak flooring and high ceilings. Fireside living room and bright open dining room with crown molding and French doors flow to spacious cov'd brick patio--perfect when you want to move

    Danny Emmer Douglas Elliman of California, Inc.

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  • Sunday, Sep 14
    2 - 5pm

    10445 Valley Spring Ln, Toluca Lake, CA 91602

    $4,195,000

    • 5 Beds
    • 4 Baths
    • 4,098 Sq Ft
    • 10445 Valley Spring Ln

    This is the one Toluca Lake has been waiting for! Located on a beautiful tree-lined street, steps from the Toluca Estates & minutes from the private golf club, this home is sure to go quickly. This stunning 5 bedroom, 4 bathroom, 2-story residence offers 4,098 sq ft of living space (including the garage and studio above) on a generous 10,802 sq ft lot. Recently updated with gorgeous new

    Craig Strong Compass

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
8,907
Median Age
42
Population Density
12 ppl/acre
Population under 18
16.6%
Below the national average
23.8%
Population over 65
17.8%
On par with the national average
19.1%

Finances

Median Household Income
$95,925
Significantly above the national average
$71,702
Average Household Income
$129,135

Education and Workforce

High School Graduates
90.5%
College Graduates
55.4%
Above the national average
34.1%
Advanced Degrees
14.7%
% Population in Labor Force
70.1%
On par with the national average
65.1%

Weather

Annual Precipitation
13''
Average Winter Low Temperature
45°F
Average Summer High Temperature
87°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®

57 / 100

Somewhat Walkable

Walk Score®

68 / 100

Some Transit

Transit Score®

40 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Toluca Lake