| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12314 Moorpark St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | 2023-03-16 |
| Transaction Price | $5,414,000 |
| Buyer | FJ 12314 MOORPARK LLC |
| Seller | UROV 12314 MOORPARK LLC |
12314 Moorpark St, Studio City Multifamily Opportunity
Positioned in Studio City Los Angeles, the asset benefits from steady neighborhood occupancy and a deep renter base, according to WDSuite s CRE market data. Investors get exposure to an Urban Core location where elevated ownership costs help sustain rental demand.
Studio City s Urban Core setting offers strong day-to-day fundamentals for multifamily. Neighborhood occupancy is in the low-90s, supporting leasing stability relative to broader metro trends, based on CRE market data from WDSuite. Renter-occupied housing accounts for just over half of neighborhood units, a renter concentration that is competitive among Los Angeles neighborhoods (rank 490 among 1,441), signaling a stable tenant base for workforce and professional renters.
Amenity access is mixed. Grocery availability tests well versus national peers (around the upper-third nationally), while immediate counts of cafes, parks, and pharmacies are limited in the micro-area. For investors, this combination typically supports day-to-day livability without paying a premium for ultra-amenitized blocks, and can favor assets with on-site conveniences.
Home values in the neighborhood are elevated versus national norms, which tends to sustain reliance on multifamily housing and supports pricing power for well-positioned properties. Median contract rents for the neighborhood benchmark high within the metro context, aligning with Los Angeles s higher-income renter pool; lease management should focus on retention and product differentiation rather than deep concessions.
Within a 3-mile radius, demographics indicate a modest population dip in recent years alongside a slight rise in household counts a pattern consistent with smaller household sizes and continued apartment demand. Forward-looking projections point to growth in households and incomes, expanding the local renter pool and reinforcing occupancy stability for quality assets.
Safety indicators compare favorably at the national level. The neighborhood scores in the top quartile nationally for overall safety, and recent data shows notable year-over-year declines in both violent and property offenses, according to WDSuite s CRE market data. For investors, the trend supports resident retention and leasing, while standard risk controls (lighting, access control, and monitoring) remain prudent.
Within the Los Angeles metro (1,441 neighborhoods), relative performance varies by metric, but the national standing and recent improvement trajectory are positive signals. As always, underwriting should emphasize property-level operations and block-by-block management rather than relying solely on neighborhood aggregates.
Proximity to major media and corporate employers underpins renter demand and commute convenience, supporting retention for professionally oriented tenants. The employers below represent the nearest concentration influencing leasing dynamics in this submarket.
- Radio Disney corporate offices (3.4 miles)
- Disney corporate offices (4.4 miles) HQ
- Charter Communications corporate offices (4.7 miles)
- Live Nation Entertainment corporate offices (4.7 miles)
- Live Nation Entertainment corporate offices (5.2 miles) HQ
12314 Moorpark St is a 26-unit 1984-vintage asset with spacious average unit sizes, positioned in a high-income Studio City pocket where elevated ownership costs reinforce multifamily demand. Neighborhood occupancy trends in the low-90s and a renter-occupied share around half of local housing suggest a durable tenant base; according to CRE market data from WDSuite, this area also benefits from proximity to major employment nodes that support leasing velocity.
The 1984 vintage is slightly older than the neighborhood average, creating potential value-add and systems modernization angles to improve competitiveness against newer stock. Within a 3-mile radius, recent household growth alongside smaller household sizes and projected income gains points to an expanding renter pool. Investors should underwrite steady demand, with focus on unit finish, amenities, and operational execution to capture pricing power while managing capex and product positioning.
- Urban Core location with steady neighborhood occupancy and a deep renter base supporting lease stability
- 1984 vintage offers value-add potential via targeted renovations and system upgrades
- Elevated home values in the area sustain reliance on rentals, aiding pricing power for well-positioned units
- 3-mile outlook shows household and income growth, indicating a larger tenant base over the medium term
- Key risks: aging systems/capex needs and limited immediate amenity density; leasing may track media/entertainment employment cycles