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Multifamily

12827 Kling St

12827 Kling St, Studio City, CA 91604

Listing Price: $2,550,000

Cap Rate
4.99%
Number of Units
8
GRM
12.46
Price/Unit
$318,750

Investment 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.

Investment Highlights

  • Prime Studio City Location
  • 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 Opportunity to Convert Rear Carports into Multiple ADUs While Preserving Front Open Parking Spaces

Exclusively Listed By

Financing By

Multifamily

12827 Kling St

Listing Price: $2,550,000

Cap Rate
4.99%
Number of Units
8
GRM
12.46
Price/Unit
$318,750

Investment Highlights

  • Prime Studio City Location
  • 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 Opportunity to Convert Rear Carports into Multiple ADUs While Preserving Front Open Parking Spaces

Investment 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.

Exclusively Listed By

Financing By

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