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12445 Moorpark Street
Studio City, CA 91604

Price: $2,495,000 Zoning: C2-1
Bldg SF: 5,487 SF Price/SF: $455
Land SF: 7,720 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Price: $2,495,000
Bldg SF: 5,487 SF
Land SF: 7,720 SF
Price/SF: $455
Occupancy: 100%
Property Type: Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Investment Highlights

A 100% occupied value-add strip center in the heart of Studio City, CA

  • 100% occupied value-add strip center centrally located in the high-end, affluent East San Fernando Valley submarket of Studio City, CA
  • Ideal unit sizes averaging 1,097 square feet
  • The subject property features 10 on-site parking spaces in the front of the property
  • One parcel east of the NE signalized corner of Moorpark Street and Whitsett Avenue

 

Ideal Owner-User or Value-Add Opportunity

  • All leases in place are month to month or short term in nature, with no lease extending beyond 2023
  • Current rents are significantly below market rents, creating a significant value-add opportunity
  • An owner-user can occupy a portion of the property immediately or all of the property no later than 2023

 

Ideally located within the Studio City Submarket

  • The property is located one mile from the iconic CBS Studio Center, as well as the affluent Silver Triangle neighborhood
  • The subject property features a strong Walk Score® of 72, and is considered a Very Walkable location
  • The property is three blocks from popular Ventura Boulevard and its surrounding national retailers, such as Staples, Bed Bath & Beyond, Coffee Bean & Tea Leaf, Petco, Ralphs, Wells Fargo, California Pizza Kitchen, Chipotle, Peets Coffee & Tea, and Starbucks
  • One Mile from the highly anticipated Sportsmen Lodge Development

 

Dense and Affluent Underlying Demographics

  • There are 28,269 people located within one mile of the property, 229,362 people located within three miles of the property, and 584,481 people located within five miles of the property
  • There are 13,347 households located within one mile of the property, 100,309 households located within three miles of the property, and 237,673 households located within five miles of the property
  • Average household income is $141,002 within one mile of the property, $114,900 within three miles of the property, and $110,844 within five miles of the property