| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12728 Moorpark St, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | 1996-09-25 |
| Transaction Price | $2,415,000 |
| Buyer | FRIEDMAN ROGER DALE |
| Seller | FIRST PARIS PROPERTY LTD PARTNERSHIP |
12728 Moorpark St, Studio City Multifamily Investment
Neighborhood occupancy trends remain steady and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data; this asset’s Studio City location positions it for durable leasing relative to the broader Los Angeles metro.
The property sits within an Urban Core pocket of Studio City that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (B+ neighborhood rating; rank 442 out of 1,441). Local occupancy in the neighborhood is healthy, supporting lease stability for well-managed assets, while the renter concentration (share of housing units that are renter-occupied) provides a deep tenant base for multifamily.
Within a 3-mile radius, demographics point to a strong income profile today and a projected increase in households through 2028, expanding the tenant base and supporting absorption. Even as recent population counts have fluctuated, smaller average household sizes and forecast household growth indicate more renters entering the market, which can support occupancy stability and retention.
Studio City’s ownership market is high-cost relative to incomes, and neighborhood home values rank near the top of national comparisons. That dynamic tends to reinforce reliance on rental housing, which can aid pricing power for well-located properties while requiring thoughtful lease management to monitor affordability pressure. Median contract rents in the neighborhood are elevated versus national norms, and neighborhood occupancy has trended stable over the past five years, according to WDSuite’s multifamily property research.
Everyday convenience is serviceable rather than destination-driven: grocery access is comparatively strong within the metro, though cafes, parks, and pharmacies are limited inside the small neighborhood boundary. For residents, this places more weight on nearby corridors and employment nodes for lifestyle amenities, with Los Angeles’ broader offerings reachable within short drives.
Safety metrics for the neighborhood compare favorably. Crime performance is in the top quartile nationally and competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 57 out of 1,441), indicating relatively lower reported crime versus peers. Recent year-over-year readings also show notable improvement in both violent and property offense estimates, which supports renter retention and leasing confidence without implying block-level assurances.
Proximity to major entertainment and corporate employers underpins renter demand and commute convenience, with tenants drawn to roles at Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (3.9 miles)
- Disney — entertainment (4.9 miles) — HQ
- Charter Communications — telecommunications (5.1 miles)
- Live Nation Entertainment — live entertainment (5.3 miles) — HQ
- Activision Blizzard Studios — gaming & media (5.7 miles)
12728 Moorpark St offers investors a 24-unit 1988-vintage asset in a Studio City neighborhood that is competitive within the Los Angeles metro. The area’s high-cost ownership landscape and elevated neighborhood renter concentration support durable multifamily demand. Neighborhood occupancy is solid and has been steady in recent years, and within a 3-mile radius, projections indicate a meaningful increase in households, suggesting a larger tenant base to support leasing and retention. Based on CRE market data from WDSuite, neighborhood rents sit well above national norms while rent-to-income levels remain manageable for the local income profile.
The 1988 vintage suggests modern-enough layouts for the submarket while leaving room for targeted value-add or systems upgrades to enhance competitiveness against newer stock. Amenity depth inside the small neighborhood footprint is limited, so tenant appeal benefits from convenient access to nearby employment nodes and broader Los Angeles amenities.
- Stable neighborhood occupancy and renter concentration underpin demand and support leasing durability.
- High-cost ownership market reinforces rental reliance, aiding pricing power for well-located units.
- 1988 vintage presents value-add potential through unit and building-system upgrades.
- Within 3 miles, projected household growth expands the tenant base, supporting absorption and retention.
- Risk: limited in-neighborhood amenities elevate the importance of access to surrounding corridors and commute nodes.