11747-53 Moorpark St
- Studio City Pool Courtyard
- Larger Apartments With Dining Rooms
- Garage Parking for Every Apartment
- Additional Rental Upside
- Walkable Studio City Location
- Residents Pay Gas and Electric
Property Description
The LAAA Team of Marcus & Millichap is pleased to present 11747-53 Moorpark Street, two 1948 Tudor-style fourplexes arranged around a gated pool courtyard in Studio City. Offered together as one eight-unit property, the buildings occupy two side-by-side parcels totaling 12,012 square feet and have been under the same ownership since 2008. The property has four one-bedroom and four two-bedroom apartments, approximately 800 and 1,050 square feet, respectively. Each apartment has a dedicated dining room, separate from its living area. Downstairs apartments have a back door and upstairs apartments a balcony. Four detached double garages at the rear alley provide garage parking for every apartment. The buildings face a 20 by 31 foot pool with brick coping, enclosed behind the property's wall and iron gates. An on-site laundry room with owner-operated machines and a storage rental provide income beyond apartment rents. Gas and electric are separately metered and paid by residents, reducing the utilities ownership carries. All eight apartments are subject to the Los Angeles Rent Stabilization Ordinance and are registered. Ownership's rent schedule effective February 1, 2027 totals $18,651 a month, up from $17,949 on the May 2026 roll. The financial analysis uses that future schedule with a 3% vacancy allowance; ownership reported one vacant apartment on 10/16/2026. The building's highest scheduled one-bedroom and two-bedroom rents support approximately 7% additional rental upside above that future schedule as lower rents move toward those levels on turnover. The 11753 building and its garage were re-roofed over new sheathing in 2023. Both buildings have earthquake gas shutoff valves, and their detached garage parking avoids a tuck-under configuration. Neither building is in the City's soft-story retrofit program. The property fits a private investor or 1031 exchange buyer seeking larger apartments, enclosed garage parking and a pool courtyard in Studio City, with a supported opportunity to increase rental income over time.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $2,895,000 |
| No. of Units: | 8 |
| Cap Rate: | 5.01% |
| GRM /GIM: | 12.93 |
| Year Built: | 1948 |
| Building Size: | 7,496 Sq ft |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Price per unit: | $361,875 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Glen Scher | 818-212-2808 | [email protected] |
| Filip Niculete | 818-212-2748 | [email protected] |
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