| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12140 Moorpark St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 2002 |
| Units | 23 |
| Transaction Date | 1994-09-08 |
| Transaction Price | $202,500 |
| Buyer | DEPAUW H K |
| Seller | GUNNER RAPHAEL |
12140 Moorpark St, Studio City Multifamily Investment
Neighborhood indicators point to resilient renter demand and steady occupancy at the area level, according to WDSuite’s CRE market data, with high home values supporting ongoing reliance on multifamily housing. The investment lens here centers on rentability and tenant retention rather than lease-up risk.
This Studio City address sits within an Urban Core neighborhood rated B+ (ranked 442 among 1,441 Los Angeles metro neighborhoods), signaling competitive fundamentals for investors screening multifamily. Neighborhood occupancy is stable around the low-90s, indicating steady leasing conditions at the neighborhood level rather than property-specific performance.
The property’s 2002 construction is newer than the neighborhood’s average vintage (1987; rank 171 of 1,441), which can help it compete against older stock on finishes and systems. Investors should still plan for mid-life updates and modernization to preserve positioning and support rent levels over a hold period.
Livability inputs are mixed. Grocery access is solid relative to many parts of the metro (rank 874 of 1,441), while restaurant density is moderate. However, measured counts for parks, pharmacies, cafes, and childcare are thin in the immediate neighborhood dataset, suggesting amenity depth may rely on nearby districts rather than the block. That dynamic reinforces the importance of on-site features and unit quality for retention.
Tenure and income trends support multifamily demand. At the neighborhood level, 52.2% of housing units are renter-occupied, pointing to a meaningful renter concentration and a deep tenant base for a 23-unit asset. Within a 3-mile radius, households skew more renter-occupied as well, and median household incomes have risen over the past five years, with rent-to-income readings near 0.19 in the neighborhood dataset helping manage affordability pressure and potential turnover.
Demographic statistics aggregated within a 3-mile radius indicate near-term softness followed by expansion: population dipped modestly in the prior period, but forecasts point to growth over the next five years alongside an increase in households and a smaller average household size. For multifamily owners, that profile typically widens the renter pool and supports occupancy stability, provided product remains competitively maintained.
Home values in the neighborhood dataset are elevated relative to the nation (rank 191 of 1,441; top-tier percentile nationally). A high-cost ownership environment generally sustains rental demand and can aid lease retention, especially for well-kept, larger floor plans typical of Studio City.
Safety signals are mixed depending on the comparison set. Within the Los Angeles metro, the neighborhood’s crime rank (57 among 1,441) suggests higher reported incidents than many peer neighborhoods. Nationally, however, the area profiles favorably, with overall and violent offense indicators in the top quartile for safety compared with neighborhoods nationwide, and recent data show notable one-year improvements in both violent and property categories. Investors should evaluate block-level trends over time, but the directional national positioning and recent declines are constructive.
Proximity to major media and corporate offices underpins renter demand and commute convenience, notably Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios. This concentration of employers supports a steady professional tenant base and can aid retention.
- Radio Disney — corporate offices (3.2 miles)
- Disney — corporate offices (4.2 miles) — HQ
- Charter Communications — corporate offices (4.6 miles)
- Live Nation Entertainment — corporate offices (5.2 miles) — HQ
- Activision Blizzard Studios — corporate offices (5.7 miles)
12140 Moorpark St offers a mid-size scale in a renter-oriented pocket of Studio City where neighborhood occupancy remains steady and the ownership market is high-cost, helping sustain demand for apartments. Based on CRE market data from WDSuite, the area compares well nationally on income and demographics while showing moderation in rent-to-income ratios that can support retention. The 2002 vintage positions the asset competitively versus older local stock, with a clear path for selective renovations to reinforce pricing power over time.
Forward demographic indicators aggregated within a 3-mile radius point to population growth and a larger household base, expanding the renter pool. Amenities appear concentrated in nearby districts rather than immediately adjacent blocks, so on-site quality and professional management will be key to maximizing lease stability.
- Newer 2002 vintage relative to local average, supporting competitive positioning with targeted modernization.
- High-cost ownership landscape reinforces renter reliance and can aid lease retention.
- Stable neighborhood occupancy and expanding 3-mile household base support demand depth.
- Proximity to major media and corporate employers supports a steady professional tenant base.
- Risks: amenity depth is thinner immediately nearby, and metro-relative crime ranks warrant localized diligence.