| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12433 Moorpark St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1973 |
| Units | 31 |
| Transaction Date | 2006-01-12 |
| Transaction Price | $4,875,000 |
| Buyer | 12433 MOORPARK LLC |
| Seller | SOBEL VALLEY LLC |
12433 Moorpark St Studio City Multifamily Investment
Neighborhood renter-occupied share and steady occupancy indicate a durable tenant base, according to WDSuite’s CRE market data. Elevated ownership costs nearby support sustained rental demand without over-reliance on aggressive rent growth.
Studio City’s immediate neighborhood carries a B+ rating and ranks 442 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, making it competitive within the metro. This Urban Core location benefits from strong incomes (high national percentile) and an established renter base, supporting leasing stability for multifamily assets.
Local livability is mixed: grocery access tracks in a higher national percentile, while other amenity densities (parks, cafes, childcare, pharmacies) are comparatively thin. Investors should underwrite on-site conveniences and walkable retail selectively rather than assume broad lifestyle amenity depth.
Rents in the neighborhood sit near the top of national distributions, while the neighborhood occupancy rate remains firm. With 52.2% of housing units renter-occupied, the renter concentration implies a meaningful tenant pool that can help support absorption and renewal rates. Home values are elevated versus national norms, which tends to reinforce reliance on rental options and can bolster retention for well-managed properties.
Within a 3-mile radius, current data show smaller household sizes and a stable to expanding household count over the outlook period, pointing to a gradual renter pool expansion. Median household incomes are high relative to national benchmarks, and the local rent-to-income ratio sits in a lower national percentile, an arrangement that can aid lease management and reduce turnover pressure.
Safety indicators compare favorably. The neighborhood’s overall crime profile ranks well against 1,441 Los Angeles-Long Beach-Glendale neighborhoods and sits in a high national safety percentile, placing it in the top quartile nationally. Recent estimates also indicate sharp one-year declines in both violent and property offenses; investors should still evaluate micro-location and property-level security, but the directional trend is supportive.
Proximity to major entertainment, media, telecom, and engineering employers supports renter demand and commute convenience for a broad professional workforce. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and AECOM.
- Radio Disney — media (3.6 miles)
- Disney — entertainment (4.6 miles) — HQ
- Charter Communications — telecom (4.8 miles)
- Live Nation Entertainment — entertainment (4.9 miles)
- AECOM — engineering & infrastructure (6.4 miles) — HQ
This 31-unit, 1973-vintage asset in Studio City sits within a competitive Los Angeles metro neighborhood where elevated ownership costs and a meaningful renter concentration support ongoing rental demand. According to CRE market data from WDSuite, neighborhood occupancy remains healthy and rents track near the top of national ranges, suggesting pricing power for well-positioned units while still requiring disciplined lease management.
The vintage points to potential value-add through common-area and in-unit updates, along with capital planning for aging systems. Within a 3-mile radius, projections indicate an increase in households alongside smaller average household sizes, which supports a larger tenant base over time. High local incomes and a relatively lower rent-to-income percentile provide additional cushion for retention and renewal strategies.
- Competitive Urban Core location with strong incomes and durable renter demand
- Healthy neighborhood occupancy and top-tier rent positioning support revenue stability
- 1973 vintage offers value-add and systems modernization opportunities
- 3-mile radius outlook suggests a growing household base, supporting future leasing
- Risks: thinner non-grocery amenity density and required CapEx for older building systems