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12070 Woodbridge St 12 Unit Apartment Building $3,500,000 ($291,667/Unit) 4.11% Cap Rate Studio City, CA 91604
INVESTMENT HIGHLIGHTS
- 12 Units in Excellent Stuio City Location
- Soft Story Retrofit Completed
- New Roof
- Great Unit Mix of 6)1 Bed & 1 Bath, 1)1 Bed & 1.5 Bath TH, 3)2 Bed & 1.5 Bath TH, 2) 2Bed & 1.75 Bath
- Built in 1960 Subject to LA City Rent Control
- Swimming Pool
EXECUTIVE SUMMARY
12070 Woodbridge St. presents investors with the opportunity to acquire a 12-unit apartment building located in the core of Studio City, one of Los
Angeles’ most consistently high-demand rental submarkets. Properties in this location are rarely available, especially those with over 30% renovated
units and still significant upside in the other units.
Strategically positioned just north of Ventura Boulevard, the property benefits from immediate proximity to Studio City’s premier dining, retail,
and lifestyle amenities. The area draws a stable, high-quality tenant base of entertainment professionals, young creatives, executives, and longterm residents seeking the neighborhood’s blend of walkability, safety, and convenience. Studio City consistently ranks among the highest-earning
submarkets in the Valley, supporting premium rents and reduced turnover.
The asset also offers rapid access to the 101 Freeway, connecting tenants to major employment hubs—including Hollywood, Burbank, Universal City,
and the broader San Fernando Valley—within minutes. This connectivity continues to support low vacancy rates and strong long-term rent growth
in the submarket.
12070 Woodbridge St. represents an exceptional opportunity to acquire a well-located, professionally maintained multifamily asset with measurable
upside in one of Los Angeles’ most resilient and supply-constrained rental markets. Its Studio City address, tenant-demand fundamentals, and clear
value-add potential make it ideal for investors seeking both stability and growth
Angeles’ most consistently high-demand rental submarkets. Properties in this location are rarely available, especially those with over 30% renovated
units and still significant upside in the other units.
Strategically positioned just north of Ventura Boulevard, the property benefits from immediate proximity to Studio City’s premier dining, retail,
and lifestyle amenities. The area draws a stable, high-quality tenant base of entertainment professionals, young creatives, executives, and longterm residents seeking the neighborhood’s blend of walkability, safety, and convenience. Studio City consistently ranks among the highest-earning
submarkets in the Valley, supporting premium rents and reduced turnover.
The asset also offers rapid access to the 101 Freeway, connecting tenants to major employment hubs—including Hollywood, Burbank, Universal City,
and the broader San Fernando Valley—within minutes. This connectivity continues to support low vacancy rates and strong long-term rent growth
in the submarket.
12070 Woodbridge St. represents an exceptional opportunity to acquire a well-located, professionally maintained multifamily asset with measurable
upside in one of Los Angeles’ most resilient and supply-constrained rental markets. Its Studio City address, tenant-demand fundamentals, and clear
value-add potential make it ideal for investors seeking both stability and growth
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$250,621
|
$23.16
|
| Other Income |
$8,316
|
$0.77
|
| Vacancy Loss |
$7,519
|
$0.69
|
| Effective Gross Income |
$251,418
|
$23.23
|
| Taxes |
$42,000
|
$3.88
|
| Operating Expenses |
$101,914
|
$9.42
|
| Total Expenses |
$143,914
|
$13.30
|
| Net Operating Income |
$107,504
|
$9.93
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $250,621 |
| Annual Per SF | $23.16 |
| Other Income | |
|---|---|
| Annual | $8,316 |
| Annual Per SF | $0.77 |
| Vacancy Loss | |
|---|---|
| Annual | $7,519 |
| Annual Per SF | $0.69 |
| Effective Gross Income | |
|---|---|
| Annual | $251,418 |
| Annual Per SF | $23.23 |
| Taxes | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $3.88 |
| Operating Expenses | |
|---|---|
| Annual | $101,914 |
| Annual Per SF | $9.42 |
| Total Expenses | |
|---|---|
| Annual | $143,914 |
| Annual Per SF | $13.30 |
| Net Operating Income | |
|---|---|
| Annual | $107,504 |
| Annual Per SF | $9.93 |
PROPERTY FACTS
| Price | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.11% | Building Size | 10,821 SF |
| Gross Rent Multiplier | 13.52 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.02/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Residential | ||
| Price | $3,500,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Gross Rent Multiplier | 13.52 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,821 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | LAR3 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,195 | - |
| 1+1.5 | 1 | $2,395 | - |
| 2+1.5 | 3 | $2,795 | - |
| 2+1.5 | 2 | $2,500 | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 2368-015-034 | Total Assessment | $2,881,500 |
| Land Assessment | $1,632,000 | Annual Taxes | $42,000 ($3.88/SF) |
| Improvements Assessment | $1,249,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2368-015-034
Land Assessment
$1,632,000
Improvements Assessment
$1,249,500
Total Assessment
$2,881,500
Annual Taxes
$42,000 ($3.88/SF)
Tax Year
2025
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12070 Woodbridge St
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