MGB Realty is proud to offer Residential & Commercial Real Estate services in Studio City, California.
Studio City is a neighborhood in the city of Los Angeles, California, in the San Fernando Valley.
Originally known as Laurelwood, the area Studio City occupies was formerly part of Rancho Ex-Mission San Fernando. This land changed hands several times during the late 19th Century and was eventually owned by J. B. Lankershim and eight other developers who organized the Lankershim Ranch Land and Water Company. In 1899, however, the area lost most water rights to Los Angeles and was no longer viable for farming.[clarification needed]
Construction of the Los Angeles Aqueduct began in 1908 and water reached the San Fernando Valley in November, 1913. Real estate boomed, and a syndicate led by Harry Chandler, business manager of the Los Angeles Times, with Hobart Johnstone Whitley, Isaac Van Nuys, and James Boon Lankershim acquired the remaining 47,500 acres (192 km2) of the southern half of the former Mission lands—everything west of the Lankershim town limits and south of present day Roscoe Boulevard excepting the Rancho Encino. Whitley platted the area of present day Studio City from portions of the existing town of Lankershim as well as the eastern part of the new acquisition.