Studio City Apartment Building Sales
Explore 8 closed transactions totaling $54.27M in Studio City. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$54.27M
Total Volume
3.88%
Avg Cap Rate
$391,509
Avg $/Unit
21
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 7 of these 8 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
Studio City Multifamily Market Overview
The LAAA Team's published Studio City record contains 8 transactions totaling $54.3M, dated 07/29/2016 through 11/26/2024. The record includes 7 apartment sales and other property types. Apartment price per unit averages $391,509 across 7 sales with usable price and unit counts; cap rates average 3.88% across 7 sales with a positive recorded rate. These are historical LAAA averages, not a current valuation or a survey of all Studio City sales.
Two existing closed-deal stories show why an address-level analysis matters. At 12021 Hoffman St, the team evaluated the existing five-unit building separately from the lot's redevelopment potential. At 12602 Moorpark St, the assignment involved an eight-unit apartment building completed in 2017. The closing table records both sales, but their different building and buyer profiles make one average an incomplete pricing tool.
For a Studio City sale, prepare the rent roll, actual collections, operating costs, repair history and unit documentation. Review recent comparables with similar construction, unit mix and income. Confirm the applicable rent rules and any claimed development potential for the exact property before using either in a pricing recommendation.
Market Snapshot
Source: CoStar | Studio City/N Hollywood Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Studio City Market Area
LAAA Team Closings in Studio City
8 transactions by Glen Scher, Filip Niculete & the LAAA Team
12021 Hoffman St
Studio City • 2024
$1,495,000Units
5Cap
4.40%$/Unit
$299,000
12602 Moorpark St
Studio City • 2022
$5,425,000Units
8Cap
3.81%$/Unit
$678,125
4077-4083 Tujunga Ave
Studio City • 2021
$7,925,000Units
16Cap
3.88%$/Unit
$495,313
11915 Kling St
Studio City • 2021
$25,050,000Units
80Cap
3.84%$/Unit
$313,125
12325 Moorpark St
Studio City • 2020
$3,920,000Units
12Cap
4.17%$/Unit
$326,667
12100 Valley Spring Ln
Studio City • 2020
$7,900,000Units
20Cap
3.84%$/Unit
$395,000
4224 Whitsett Avenue
Studio City • 2017
$1,160,000
4455 Bakman Avenue
Studio City • 2016
$1,400,000Units
6Cap
3.19%$/Unit
$233,333
Source: LAAA Team Closed Transactions
Recent Deal Stories
Our Active Listings in Studio City
Studio City Multifamily Investment FAQs
The team's historical Studio City apartment sample averages $391,509 per unit across 7 qualifying sales. The overall transaction record runs from 07/29/2016 through 11/26/2024. A current valuation uses recent comparable sales and your building's actual income, condition, unit mix and rent-rule coverage. Contact Glen Scher at (818) 212-2808.
The team's historical recorded apartment cap rates average 3.88% across 7 qualifying Studio City sales. That figure spans different closing dates and properties. Evaluate the current income, operating costs, required capital work and comparable sale dates before selecting a cap rate for a valuation.
Unit sizes, construction, condition, income and applicable rent rules change the comparison. The team's existing stories for 12021 Hoffman St and 12602 Moorpark St illustrate different approaches to an older five-unit building and an eight-unit property completed in 2017. Verify any claimed land or development value separately from the operating apartments.
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