I don't agree with the others fully. I don't think the price area is south of Ventura. ALL of Studio City, within its relatively small borders, offers a unique place to live, shop, dine, work and have fun. Prime area depends upon each person's values. The flat areas of Colfax Meadows are very popular because there are homes from the 1920's through 2009. Lots also vary from the average 6.750 to over an acre. The areas north of Moorpark share a similar history for architecture and a variety of homes. Along Ventura Blvd. there are many shops and restaurants that residents of the flat areas North and South of Moorpark and easily get to without using a car. South of Ventura has flat areas in what is commonly called the "Silver Triangle" described above. Off of Laurel Canyon, you find Fryman Canyon with a quiet country feel and close to nature walks and dog parks. There are hundreds of homes in the Dona's area: Each street name starts with Dona _____ such as Dona Maria. These are unique homes built in the early 1960's and one of the only areas around with ALL underground utilities. Some of these homes have views too. The hills offer cottages to huge estates sometimes even on the same street. Having lived in a view home south of Ventura, I can say that the views are a real treat with our gorgeous mountains in the background.
So "prime" is whatever you prefer. Studio City is Very Unique in that it offers many different kinds of Prime areas. It also enjoys close proximity to major freeways going north/south and east/west as well as Canyons that access the Hollywood Hills, Beverly Hills, Bel Air and the West Side of Los Angeles.