12756-12800 Moorpark St - Apartments FOR SALE


Studio City, CA 91604
$6,300,000 USD
310-494-6368
12756-12800 Moorpark St, Studio City, CA for Sale
$6,300,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

12756-12800 Moorpark St
Studio City, CA 91604


HIGHLIGHTS

  • 28-unit mid-century multifamily complex; two separate APNs with a 10-unit building and 18-unit building on each
  • Sits on over 27,000 SqFt of R3 zoned land
  • 36 total parking spaces across the two buildings
  • Onsite amenities including laundry facilities and a swimming pool
  • Electrical sub panels upgraded in 2022; Soft-story earthquake retrofits completed on both buildings in 2020
  • Around the corner from high-end retailers and restaurants like Equinox, Erewhon, SUGARFISH, Alfred Coffee, Roberta’s, UOVO, etc.

OVERVIEW

The Glaser Group is pleased to present the Rekal Court Apartments located at 12756 & 12800 Moorpark St in Studio City, CA. This 28-unit mid-century multifamily complex is comprised of two separate parcels with a 10-unit building and an 18-unit building, sitting on over 27K SqFt of R3 zoned land. The property offers a diverse unit mix, with (8) units featuring a highly desirable 2-bed / 2-bath configuration, (2) 2-bed /1-bath units and (18) 1-bed / 1-bath units. 13 of the 28 units also have private balconies. Built in 1978 and 1958 respectively, the apartments boast a large 952 average square feet per unit. With 34% upside in rents, investors are poised to execute on a significant value-add strategy. The property offers a variety of onsite amenities including laundry facilities and a swimming pool in the 12800 Building, and 36 total parking spaces (15 beneath the 10-unit building & 21 tucked under the 18-unit building). Notably, the 10-unit building is an all-electric building with a single gas meter for the water heater, but no gas hookups in the individual units. The larger 28-unit building has a traditional gas configuration, with one meter for each unit. In terms of capital improvements, the electrical sub panels were upgraded in 2022. Both soft-story earthquake retrofits were already completed on both buildings in 2020. Additionally, the pool filtration system was upgraded in the past few years, and the rain gutters on both buildings were cleaned and repaired in April 2025. All of the exterior walkways were also re-sealed with magnesite in the past few years. The Rekal Court Apartments are nestled in the prime Studio City neighborhood of the San Fernando Valley. Studio City, is one of the most desirable neighborhoods of Los Angeles County. Known for its vibrant atmosphere, this area is a hub of entertainment, dining, and retail options. Residents of the property are just blocks away from Ventura Blvd with easy access to a wide range of upscale shops, grocery stores, gyms, and gourmet restaurants like Erewhon, SUGARFISH, Equinox, Alfred Coffee, Roberta’s, UOVO and more. The area is also home to picturesque parks and recreational spaces, providing a balance of urban living and outdoor relaxation.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

28

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

LAR3

APN/PARCEL ID

2375-007-018

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.