Investment Overview

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 and its own back door, providing separate living and dining areas in each residence. 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 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. The property sits on the north side of Moorpark Street between Colfax Avenue and Laurel Canyon Boulevard, a residential stretch of Studio City with a Walk Score of 84. Walter Reed Middle School is 0.21 miles northeast, and Moorpark Park is 0.31 miles west. Ventura Blvd, Studio City's dining and shopping street, is 0.65 miles south at Colfax Avenue. Trader Joe's is 0.57 miles south, and Gelson's is 0.54 miles northwest. Radford Studio Center is 0.45 miles south, and Universal Studios Hollywood is 2.27 miles southeast. The Ventura Freeway at Laurel Canyon Boulevard is 0.48 miles northwest, with connections to the 134 and the Hollywood Freeway.