12827 Kling St - Apartments FOR SALE


Studio City, CA 91604
$2,550,000 USD
818-448-4415
12827 Kling St, Studio City, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/9
null | 4.99% Cap Rate

12827 Kling St
Studio City, CA 91604


HIGHLIGHTS

  • One (1) Unit Will Be Delivered Vacant
  • Property was Re-roofed in 2024
  • Main Electrical Panel Replaced in 2024
  • New Water Heater for the Property Installed Last Year
  • Majority of Plumbing is Copper
  • Property is Over-Parked with Six (6) Open Spaces in the Front and Eight (8) Carports in the Rear - Excellent ADU Conversion Opportunity

OVERVIEW

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 12827 Kling St in Studio City, California. The subject property is located in a prime Studio City location, north of Moorpark St and east of Coldwater Canyon Ave. Located in prime Studio City, this rare eight-unit property features four one-bedroom, three two-bedroom, and one three-bedroom unit, with one unit delivered vacant. Recent improvements include a new roof and main electrical panel replaced in 2024, plus a newer water heater and predominantly copper plumbing. Select units offer in-unit laundry, while most include private patios or balconies. Parking includes six open spaces and eight rear carports, which may offer potential for multiple ADU conversions while preserving existing parking. Residents enjoy immediate access to the 101 Freeway, Ventura Boulevard, major commercial corridors, nearby parks, popular dining and shopping destinations, and renowned entertainment hubs including Universal Studios Hollywood, Universal CityWalk, and Warner Bros. Studios, enhancing long-term rental appeal. This rare Studio City asset offers investors a clear path to enhance income and long-term performance in one of the Valley’s most sought-after rental markets. For OM, please visit: https://www.lamultifamilydeals.com/active-listings/12827-kling-st

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

8

PRICE/UNIT

$318,750

CAP RATE

4.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,836 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2362-021-005

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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