| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12032 Guerin St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | 1999-06-10 |
| Transaction Price | $350,000 |
| Buyer | CHADDOCK GUY |
| Seller | MAURICE CRAWFORD TRUST |
12032 Guerin St, Studio City Multifamily Opportunity
Stable renter demand in Studio City is supported by high-cost homeownership and strong local amenities, according to WDSuite’s CRE market data. This favors occupancy resilience and disciplined rent execution for a well-managed, mid-sized asset.
Studio City posts a top quartile standing among 1,441 Los Angeles metro neighborhoods, with amenity access that is competitive for daily needs and lifestyle. Cafes and restaurants rank in the top quartile locally, parks and groceries also compare favorably, while pharmacy coverage is thinner and may require slightly longer trips.
For multifamily investors, a majority of housing units are renter-occupied (54.6%), signaling a deep tenant base. Neighborhood occupancy is in the mid‑90s, supporting leasing stability and retention when operations are well executed, based on CRE market data from WDSuite.
Within a 3‑mile radius, recent years show a modest population dip alongside a slight increase in households, indicating smaller household sizes and steady rental demand. Looking ahead, population and household counts are projected to grow through 2028, which points to a larger renter pool and supports occupancy durability for professionally managed properties.
Ownership remains a high‑cost proposition here (elevated home values and a high value‑to‑income ratio), which tends to sustain reliance on multifamily housing and can support pricing power. Neighborhood schools average around 4 out of 5 and sit above many areas nationally, a demand driver for larger units and longer stays.
Safety indicators compare favorably to many parts of the Los Angeles metro. The neighborhood’s crime ranking is on the stronger side within 1,441 metro neighborhoods and sits in a higher national safety percentile, suggesting relatively safer conditions than many neighborhoods nationwide.
Recent trend data from WDSuite show sharp year‑over‑year declines in both property and violent offense rates, while property crime levels sit near the national midpoint and violent crime is better than average nationally. As always, conditions vary by block and over time, so investors should track local trends and property‑level security practices as part of underwriting and asset management.
Proximity to major entertainment and media employers underpins demand from creative and professional tenants seeking commute convenience. The nearby base includes Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (3.0 miles)
- Disney — entertainment (4.0 miles) — HQ
- Charter Communications — telecommunications (4.6 miles)
- Live Nation Entertainment — live entertainment (5.0 miles) — HQ
- Activision Blizzard Studios — gaming & media (5.4 miles)
Built in 2002, this 20‑unit asset is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while still allowing for targeted modernization and systems upgrades as part of a value‑add plan. Large average unit sizes (around 1,267 sf) align with the area’s renter profile, supporting lease retention, especially as households trend smaller. Neighborhood occupancy sits in the mid‑90s and the renter‑occupied share is a majority, reinforcing depth of demand; according to CRE market data from WDSuite, elevated home values in Studio City further sustain reliance on multifamily housing.
The location benefits from strong amenities, above‑average schools, and proximity to major entertainment and media employers, all of which support a stable tenant base and pricing power. Investors should underwrite to operational excellence and capital planning, balancing demand strength with local nuances such as limited pharmacy access and broader metro economic sensitivity tied to media and entertainment cycles.
- Newer 2002 vintage vs. local average, with potential for targeted value‑add
- Majority renter‑occupied neighborhood and mid‑90s occupancy support leasing stability
- Large average unit sizes align with renter preferences and retention
- High‑cost ownership market reinforces multifamily demand and pricing power
- Risks: limited pharmacy access nearby and employment cycles tied to entertainment/media