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11 Units - Studio City | Non-RSO | Built 1990 12009 Hoffman St 11 Unit Apartment Building $4,450,000 ($404,545/Unit) 4.82% Cap Rate Studio City, CA 91604
INVESTMENT HIGHLIGHTS
- 12009 Hoffman Street is Located in a Premier Studio City Neighborhood and Only 1 Block to Ventura Blvd.
- Highly Desired AB1482 Designation Offering 5% Plus CPI, in 2024 Offering an 8.8% Rent Increase Where Applicable.
- Building Amenity Package includes Common Area Laundry Facilities on Each Floor, Secured Entry, Gated Parking.
- Attractive Unit Mix of Eleven (11) 2-Bedroom/2-Bathroom Units, With 2 Split-Level Loft-style Units
- Parking Available for Twenty-One (21) Vehicles
- This Particular Block of Hoffman St is a Beautiful Tree Lined Street Featuring Numerous Amenities in Short Walking Distance
EXECUTIVE SUMMARY
KW Commercial is pleased to present 12009 Hoffman Street, Studio City, CA (91604),an 11-unit apartment building that was developed and has been owned and operated
by the same family since its construction in 1990.
12009 Hoffman Street holds the highly sought-after AB1482 status, meaning it is not subject to the LA City RSO. AB1842 designation offers 5% rent increases plus CPI. In
2024, this designation offered an 8.8% annual rent increase where applicable.
12009 Hoffman Street, built in 1990 and comprised of 14,004 SF of improvements, features oversized 2 Bedroom + 2 Bathroom apartments with balconies, secured entry, and manicured landscaping. The offering is situated on a parcel measuring 7,741 square feet and offering residents secure gated parking.
by the same family since its construction in 1990.
12009 Hoffman Street holds the highly sought-after AB1482 status, meaning it is not subject to the LA City RSO. AB1842 designation offers 5% rent increases plus CPI. In
2024, this designation offered an 8.8% annual rent increase where applicable.
12009 Hoffman Street, built in 1990 and comprised of 14,004 SF of improvements, features oversized 2 Bedroom + 2 Bathroom apartments with balconies, secured entry, and manicured landscaping. The offering is situated on a parcel measuring 7,741 square feet and offering residents secure gated parking.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $404,545 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.82% | Building Size | 14,004 SF |
| Gross Rent Multiplier | 12.8 | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R3-1-RIO | ||
| Price | $4,450,000 |
| Price Per Unit | $404,545 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 14,004 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R3-1-RIO |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Disposal Chutes
- Elevator
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 11 | - | 1,000 |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 2368-003-005 | Total Assessment | $1,424,299 (2025) |
| Land Assessment | $98,946 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,325,353 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2368-003-005
Land Assessment
$98,946 (2025)
Improvements Assessment
$1,325,353 (2025)
Total Assessment
$1,424,299 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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11 Units - Studio City | Non-RSO | Built 1990 | 12009 Hoffman St
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