Offering

Offering Overview

The LAAA Team of Marcus & Millichap is pleased to present 11747-53 Moorpark St, an eight-unit courtyard apartment property in Studio City. Two 1948 Tudor-style fourplexes surround a pool courtyard, combining larger apartment plans with garage parking and outdoor common space. Four units stand on each of two separately assessed parcels, and the property is offered to one buyer as a single asset. The mix consists of four one-bedroom residences of approximately 800 square feet and four two-bedroom residences of approximately 1,050 square feet. Each has a dedicated dining room, a private back door and garage parking. The rear alley serves eight garage spaces, and the property has owner-operated laundry equipment. Residents pay their individually metered gas and electric. The 11753 building and its garage were re-roofed under permit in 2023. Rental income and turnover potential remain subject to the Los Angeles RSO. The larger floor plans, pool courtyard and garages distinguish the residential offering, while the combined 12,012-square-foot R3-1-RIO site provides a separate long-term land consideration. Both parcels are designated Lower Income Rezoning Housing Element sites. An actual redevelopment proposal would need to satisfy the applicable development, affordability and protected-unit replacement requirements; the designation is not project approval.

1. 01

   Courtyard-Style Tudor Buildings. Two 1948 fourplexes share a pool courtyard and rear garage row and are offered together as one asset.

2. 02

   Large residences. One bedroom plans of roughly 800 square feet and two bedroom plans of roughly 1,050 square feet, each with a dedicated dining room and a private back door, against one bedroom comparables of 650 to 798 square feet.

3. 03

   Pool, Garages and Laundry. A swimming pool with a brick deck, eight garage spaces on the rear alley and owner operated laundry equipment on an eight unit property.

4. 04

   Recent Roof Work. The 11753 building and its garage were re-roofed under permit in 2023.

5. 05

   Scheduled rent of $223,814. Effective February 1, 2027, carrying the annual increases already noticed, an average of $2,331 per residence per month.

6. 06

   Scheduled rents under the market conclusions. The two bedroom residences average $2,414 against a $2,700 market conclusion and the one bedrooms $2,249 against $2,400. Under the RSO, a unit resets to market on turnover.

7. 07

   Residents pay their own gas and electric. Both are individually metered, which holds owner utility exposure to water, sewer and the common areas.

8. 08

   Studio City Production Employment. Radford Studio Center is 0.45 miles south and Universal Studios Hollywood is 2.27 miles southeast of the property.