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12827 Kling St 8 Unit Apartment Building $2,550,000 ($318,750/Unit) 4.99% Cap Rate Studio City, CA 91604
Investment Highlights
- One (1) Unit Will Be Delivered Vacant
- Main Electrical Panel Replaced in 2024
- Majority of Plumbing is Copper
- Property was Re-roofed in 2024
- New Water Heater for the Property Installed Last Year
- Property is Over-Parked with Six (6) Open Spaces in the Front and Eight (8) Carports in the Rear - Excellent ADU Conversion Opportunity
Executive Summary
Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 12827 Kling St in Studio City, California. The subject property is located in a prime Studio City location, north of Moorpark St and east of Coldwater Canyon Ave.
Located in prime Studio City, this rare eight-unit property features four one-bedroom, three two-bedroom, and one three-bedroom unit, with one unit delivered vacant. Recent improvements include a new roof and main electrical panel replaced in 2024, plus a newer water heater and predominantly copper plumbing. Select units offer in-unit laundry, while most include private patios or balconies. Parking includes six open spaces and eight rear carports, which may offer potential for multiple ADU conversions while preserving existing parking. Residents enjoy immediate access to the 101 Freeway, Ventura Boulevard, major commercial corridors, nearby parks, popular dining and shopping destinations, and renowned entertainment hubs including Universal Studios Hollywood, Universal CityWalk, and Warner Bros. Studios, enhancing long-term rental appeal.
This rare Studio City asset offers investors a clear path to enhance income and long-term performance in one of the Valley’s most sought-after rental markets.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/12827-kling-st
Located in prime Studio City, this rare eight-unit property features four one-bedroom, three two-bedroom, and one three-bedroom unit, with one unit delivered vacant. Recent improvements include a new roof and main electrical panel replaced in 2024, plus a newer water heater and predominantly copper plumbing. Select units offer in-unit laundry, while most include private patios or balconies. Parking includes six open spaces and eight rear carports, which may offer potential for multiple ADU conversions while preserving existing parking. Residents enjoy immediate access to the 101 Freeway, Ventura Boulevard, major commercial corridors, nearby parks, popular dining and shopping destinations, and renowned entertainment hubs including Universal Studios Hollywood, Universal CityWalk, and Warner Bros. Studios, enhancing long-term rental appeal.
This rare Studio City asset offers investors a clear path to enhance income and long-term performance in one of the Valley’s most sought-after rental markets.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/12827-kling-st
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $318,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.99% | Building Size | 7,366 SF |
| Gross Rent Multiplier | 12.46 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3-1, Los Angeles | ||
| Price | $2,550,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| Gross Rent Multiplier | 12.46 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,366 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 3+1.5 | 1 | - | - |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2362-021-005 | Improvements Assessment | $1,021,568 |
| Land Assessment | $1,322,031 | Total Assessment | $2,343,599 |
Property Taxes
Parcel Number
2362-021-005
Land Assessment
$1,322,031
Improvements Assessment
$1,021,568
Total Assessment
$2,343,599
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12827 Kling St