13000 Moorpark Street

We are proud to announce that we have been selected as the exclusive marketing agent for the Moorpark Street apartments located at 13000 Moorpark Street in the highly desirable area of Studio City, California. Being brought to market for the first time ever and being offered by the family of the original… owner/developer. The Moorpark Street apartments is a two story, wood frame and stucco multifamily property built in 1966, per assessor, featuring a flat, built-up roof on a 7,152 square foot (per assessor) lot, zoned LAR3. There are seven units with an excellent mix. 1: Studio+1, 1: 1+1, 1: 2+1, 3: 2+2, and 1: 3+2 apartments with standard appointments including gas range and oven, garbage disposals, gas wall heaters, window air conditioners, fiberglass tub/showers. Conservative estimate of over 38% upside in the rents. Moorpark apartments is rated as Very Walkable (82), and Bikeable (60). There are two covered, tuck under parking spaces in the front and two in the rear with an additional three uncovered spaces in the front and two in the rear for a total of 9 spaces. The drive is concrete and the drives, walkways and interior stairwells are lighted. Gas and electric are separately metered. Water is master metered. There is a laundry room that produces, per seller, approximately $100 in income per month. There is very low historical vacancy, and the property has been very well maintained with no notable deferred maintenance. The seismic gas shut off valves have been installed and the earthquake retrofitting has been completed. Read More