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12827 Kling St

12827 Kling St, Studio City, CA 91604

Available Now

$2,300,000

2 views

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FOR SALEMultifamily / Apartments Building

Cap Rate

5.66%

NOI

$130,148

Building Size

7,366SF

APN

2362-021-005

Lot Size

10836SF

Year Built

1958

Listing Contacts

Jason Tuvia

Senior Managing Director Investments

View OM

More property details

Year Renovated

2024

Zoning

LARD1.5

Occupancy

88%

Tenancy

Multi Tenant

Currently Leased

Investment

Value Add

Sale Type

Traditional Sale

No of Buildings

Units

Parking Info

Six (6) open spaces in front and eight (8) rear carports

About this property

Located in prime Studio City, north of Moorpark St and east of Coldwater Canyon Ave. Ventura Boulevard is the commercial spine; close to Radford Studio Center, Universal Studios Hollywood, Warner Bros. Studios, the 101 Freeway and Metro B Line.

Features & amenities

Unit Amenities

Outdoor Space

Onsite Parking

Site Amenities

Assigned Parking

Location Amenities

Restaurants

Public Transit

Coffee Shops

Banking

Location & transit

12827 Kling St

Getting around

Transit/Subway

Buses

Commuter Rail

Airport

Transit data provided by Google. Times and distances are estimates.

Documents

PDF

12827-kling-st-om.pdf

8.03 MB · Listing document

Preview Download

Additional details

Sales Comparables

Address11607 Acama St

Units12

Price3880000

Price Per Unit323333

Price Per SF241.77

Cap Rate6.6

Grm10.9

Coe2026-03-31

Lot SF15488

Year Built1971

Address4323-4329 Van Nuys Blvd, Sherman Oaks

Units10

Price4000000

Price Per Unit400000

Price Per SF804.02

Coe2026-03-03

Lot SF12000

Year Built1933

Address14728 Magnolia Blvd, Sherman Oaks

Units5

Price1610000

Price Per Unit322000

Price Per SF296.5

Coe2026-02-25

Lot SF6098

Year Built1957

Address12256 Riverside Dr, Valley Village

Units5

Price1650000

Price Per Unit330000

Price Per SF372.46

Cap Rate5.07

Grm12.3

Coe2026-01-08

Lot SF6970

Year Built1961

Address14620-14626 Magnolia Blvd, Sherman Oaks

Units12

Price5075000

Price Per Unit422917

Price Per SF448

Coe2025-10-02

Lot SF14204

Year Built1957

Address12850 Moorpark St, Studio City

Units5

Price1650000

Price Per Unit330000

Price Per SF321.57

Cap Rate5

Grm13.75

Coe2025-04-18

Lot SF5663

Year Built1963

Address4525 Coldwater Canyon Ave, Studio City

Units5

Price1620000

Price Per Unit324000

Price Per SF397.25

Cap Rate4.8

Grm14.58

Coe2025-04-17

Lot SF6499

Year Built1938

Rent Comparables

Address4418 Vantage Ave

One Bed2260

Address12711 Moorpark St

One Bed2200

Address13018 Valleyheart Dr

Two Bed2645

Address12151 Moorpark St

Two Bed2600

Address4111 Tujunga Ave

Three Bed3995

Address4350 Vantage Ave

Three Bed4150

Nearby Retail

Whole Foods Market - 12905 Riverside Dr
Studio City Recreation Center - 12621 Rye St
Erewhon Studio City - 12833 Ventura Blvd
UOVO Studio City - 12833 Ventura Blvd
Alfred Coffee - 12930 Ventura Blvd
Le Pain Quotidien - 13045 Ventura Blvd
Barnes & Noble - 12136 Ventura Blvd
lululemon - 12199 Ventura Blvd
Studio City Farmers Market - 2052 Ventura Pl
Gelson's - 4738 Laurel Canyon Blvd

Investment Highlights

Prime Studio City location
Great unit mix
One unit delivered vacant
Re-roofed 2024
Main electrical panel replaced 2024
New water heater installed last year
Majority copper plumbing
Over-parked: 6 open spaces and 8 carports
Rare Studio City opportunity
Access to Coldwater Canyon Ave, Ventura Blvd, Riverside Dr, Laurel Canyon Blvd, 101 Freeway
Near Beeman Park / Studio City Recreation Center
Near The Shops at Sportsmen's Lodge (Equinox, Erewhon, Civil Coffee, UOVO, ALO, HiHo Cheeseburger, SUGARFISH)
Ventura Blvd corridor: Yala Coffee, Trader Joe's, Great White, Cafe Matcha, Barnes & Noble, Urban Outfitters, Wasteland, lululemon, Yume Sushi Bar, GRANVILLE

Market Overview

Studio City is one of the San Fernando Valley's premier multifamily submarkets with affluent demographics, strong rental demand, limited developable land, restrictive zoning and high barriers to entry.

Walk Score

Transit Score

Bike Score

Adu Rendering Note

Conceptual ADU Rendering for Visualization Purposes Only. Development Potential May Vary; Buyer to Verify.

Showing Policy

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

Legal Disclaimer

Brokerage Team

Marcus & Millichap Tuvia Group - Los Angeles Multifamily

Rent Roll

Tenants

Unit1

Unit Type3 Bed / 1.75 Bath

Current Rent2506

Market Rent3850

Unit2

Unit Type1 Bed / 1 Bath

Current Rent2010

Market Rent2200

Unit3

Unit Type1 Bed / 1 Bath

Current Rent2038

Market Rent2200

Unit4

Unit Type2 Bed / 1.5 Bath

CommentsWILL BE DELIVERED VACANT

Current Rent2600

Market Rent2600

Occupancy Statusvacant

Unit5

Unit Type2 Bed / 1 Bath

Current Rent2233

Market Rent2450

Unit6

Unit Type1 Bed / 1 Bath

Current Rent1898

Market Rent2200

Unit7

Unit Type1 Bed / 1 Bath

Current Rent1800

Market Rent2200

Unit8

Unit Type2 Bed / 1.5 Bath

Current Rent1971

Market Rent2600

Rent Roll > Totals

7,366

Current Rent

17,055

Current Rent PSF

2.32

Market Rent

20,300

Market Rent PSF

2.76

Financials > Pro Forma

Cap Rate

7.24

Noi

166,412

Grm

9.44

Financials > Current

Gross Scheduled Rent

204,657

Vacancy Pct

Vacancy

6,140

Effective Rental Income

198,518

Laundry Income

960

Effective Gross Income

199,478

Expenses

69,329

Expense Pct

34.8

Cash Flow

130,148

Debt Service

101,963

Net Cash Flow After Debt Service

28,186

Principal Reductions

16,171

Total Return Pct

4.82

Total Return

44,356

Financials > Market

Gross Scheduled Rent

243,600

Vacancy

7,308

Effective Rental Income

236,292

Effective Gross Income

237,252

Expenses

70,840

Expense Pct

29.9

Net Cash Flow After Debt Service

64,449

Cash On Cash

7.01

Dscr

1.63

Principal Reductions

17,211

Total Return Pct

8.88

Total Return

81,660

Expenses

Real Estate Taxes

27,600

Insurance

5,825

Utilities

14,479

Repairs Maintenance

2,400

General Admin

2,000

Trash Removal

5,866

Landscaping

1,200

Pest Control

780

Operating Reserves

1,200

Management Fee Current

7,979

Management Fee Market

9,490

Expenses Per Unit Current

8,666

Expenses Per Unit Market

8,855

Note

Insurance, utilities, trash, landscaping, pest control are actuals

Financing

Loan Amount

1,380,000

Loan To Value

60%

Loan Type

New

Interest Rate

6.25

Amortization Years

Year Due

2,031

Down Payment

920,000

Down Payment Pct

Average Rent By Type

One Bedroom Current

1,936

One Bedroom Market

2,200

Two Bedroom Current

2,268

Two Bedroom Market

2,550

Three Bedroom Current

2,506

Three Bedroom Market

3,850

Rent Comp Averages

One Bed

2,230

Two Bed

2,623

Three Bed

4,073

Demographics

Avg Household Income

135,000

Population 3 Mile

Nearly 190,000

Grade Labels

Walk

Somewhat Walkable

Transit

Some Transit

Bike

Bikeable

Market Charts

Inventory Growth 2026

US +1.2%; Los Angeles +6.2K

Vacancy 2026 Forecast

US 5.3%; Los Angeles 4.7%

Demographic Note

74 Million millennials in marriage/first home purchase ages; first-time buyer age 2010:30, 2020:33, 2022:36, 2025:40