11508 Moorpark St 8 Unit Apartment Building $2,495,000 ($311,875/Unit) 4.97% Cap Rate North Hollywood, CA 91602

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 11508 Moorpark Street, an 8-unit multifamily asset ideally located in Studio City.
Constructed in 1994, the property is situated on a ±6,849 square foot parcel and improved with a well-maintained building totaling approximately 6,512 gross square feet. The asset features an attractive unit mix consisting of (4) spacious studio units averaging approximately 650 square feet and (4) junior one-bedroom loft-style units averaging approximately 900 square feet.
The loft units are designed with pitched ceilings and open floorplan layouts, creating a distinctive condo-quality living experience rarely found in comparable multifamily assets. The generous unit sizes and functional layouts enhance tenant appeal and long-term rental competitiveness.
Property amenities include gated access with an intercom system, tuck-under parking, and an elevator, all enhancing tenant security and convenience. The property’s newer construction, efficient layouts, and strong physical condition position the asset as a stable investment with long-term rental durability.
Notably, three units, including one studio and two loft-style units, have been upgraded with in-unit washer and dryer installations. These units are currently achieving measurable rent premiums of approximately $355 for the studio and $328 for the loft units, clearly demonstrating tenant demand for this amenity. Additionally, the property will be delivered with two-vacant units at close of escrow.
An astute investor can capitalize on this proven performance by implementing in-unit laundry across the remaining units while executing a classic-to-renovated interior upgrade strategy. This presents a clear opportunity to enhance revenue, improve asset quality, and drive long-term value creation.
Beyond its physical attributes, the property benefits from its premier Studio City location along Ventura Boulevard, the San Fernando Valley’s primary retail and dining corridor. Residents enjoy immediate access to a diverse collection of restaurants, cafés, and lifestyle amenities, including popular destinations such as Katsuya, Laurel Tavern, Firefly, Granville, Black Market Liquor Bar, and Jon & Vinny’s. The property also offers convenient proximity to major regional employment hubs, including Universal City, anchored by Universal Studios and NBCUniversal, and the Burbank media district, home to leading entertainment and media companies. These demand drivers support a deep and resilient professional tenant base, reinforcing the property’s long term rental appeal.