| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12712 Moorpark St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1999 |
| Units | 21 |
| Transaction Date | 1999-10-15 |
| Transaction Price | $3,700,000 |
| Buyer | 12712 MPK LLC |
| Seller | 12712 MOORPARK LLC |
12712 Moorpark St Studio City Multifamily Investment
Positioned in an Urban Core pocket with steady renter demand and a high-income tenant base, this 21-unit asset benefits from neighborhood occupancy stability and elevated ownership costs that sustain leasing. Insights are based on CRE market data from WDSuite.
The property sits within a B+ rated neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 442 of 1,441), indicating solid fundamentals without the pricing pressure seen in top-decile subdistricts. Neighborhood occupancy trends are healthy and above many U.S. areas (around the 62nd national percentile), supporting income stability for multifamily owners.
Renter concentration is meaningful, with more than half of housing units renter-occupied locally (around the 90th national percentile). For investors, that depth of renter-occupied units typically translates into a broader tenant pool and steadier absorption across leasing cycles. Median contract rents in the neighborhood are high relative to the nation (upper 90s percentile), but rent-to-income ratios track closer to national norms, suggesting room for disciplined pricing while managing retention risk.
Daily-needs access is a relative strength: grocery availability sits well above national averages (about the 77th percentile), while restaurants are near the middle of the pack. Other amenities like parks, pharmacies, childcare, and cafes register as limited in the immediate neighborhood by these measures; investors should underwrite property-level features and nearby Studio City corridors to enhance convenience. Home values are elevated (top percentile nationally), which reinforces reliance on multifamily rentals and can underpin lease retention and pricing power in high-cost ownership markets.
Built in 1999, the asset is newer than the neighborhood’s average construction year of 1987. That positioning can reduce near-term capital exposure versus older stock while still leaving room for targeted modernization to improve competitive standing. Within a 3-mile radius, current demographics show a modest population dip alongside slight household growth and smaller household sizes; forward projections indicate increases in households and incomes, which supports a larger tenant base and potential rent growth over time, according to WDSuite’s multifamily property research.
Neighborhood safety indicators benchmark well: compared with neighborhoods nationwide, this area falls in the top quartile for safety (around the 88th national percentile). Within the Los Angeles-Long Beach-Glendale metro, it performs above the metro average, with a crime rank near the front of the 1,441-neighborhood pack. Recent data also points to meaningful year-over-year declines in both property and violent offense estimates, indicating improving conditions rather than deterioration.
Proximity to major entertainment and corporate offices supports a white-collar renter base and commute convenience. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (3.9 miles)
- Disney — entertainment (4.9 miles) — HQ
- Charter Communications — telecommunications (5.1 miles)
- Live Nation Entertainment — entertainment (5.3 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment (5.7 miles)
12712 Moorpark St offers exposure to a renter-heavy, high-income Studio City location where neighborhood occupancy trends are stable and homeownership costs remain elevated. Built in 1999, the property is newer than the local average vintage, which can temper near-term capital needs while preserving value-add options through selective interior and systems upgrades. According to CRE market data from WDSuite, the neighborhood ranks strongly on demographics and safety relative to national benchmarks, with grocery access adding day-to-day convenience for residents.
Investor takeaways center on durable renter demand (supported by a high share of renter-occupied housing units), a deep white-collar employment base within a short commute, and forward projections within a 3-mile radius that point to more households and higher incomes—factors that support occupancy stability and prudent rent growth. Risks to underwrite include amenity gaps within the immediate neighborhood and retention management at higher rent levels.
- Renter-heavy housing stock supports a broad tenant base and steadier absorption
- 1999 vintage offers relative capex relief with targeted value-add potential
- Strong safety and high-income demographics bolster lease stability
- Proximity to major entertainment and corporate employers supports demand
- Risk: amenity gaps and elevated rents require active retention strategy