12750 Moorpark St Los Angeles, CA 91604
Development in Studio City
SOLD: $1,826,000 PRICE PER SQUARE FOOT/LAND: $222
We are pleased to announce the sale of 12750 Moorpark St a prime Studio City development opportunity located in one of the most sought after pockets of the neighborhood. The property sits on a large 8,238 square foot lot zoned LA R3 and presents a rare opportunity for redevelopment in close proximity to the newly revitalized Sportsmen’s Lodge project featuring Erewhon Equinox Fitness and Amazon 4 Star as anchor tenants.
The site sold for $1,826,000 reflecting a price of $221 per square foot and $130,428 per buildable unit. The buyer intends to construct 14 units using State Density Bonus along with 3 ADUs creating a highly efficient and scalable residential development. The transaction closed $76,000 over the asking price and was executed with an offer not subject to any contingencies demonstrating strong confidence in the asset and its long term potential.
The property is within walking distance to major lifestyle amenities dining shopping and entertainment options making it an ideal infill development site in a supply constrained market. David Saghian represented both the buyer and seller in the transaction
Investment Highlights
Rare development opportunity in the heart of Studio City on an 8,238 SF lot zoned LA R3
Developer plans for 14 units utilizing State Density Bonus plus 3 ADUs creating strong density potential
Prime location within walking distance to the new $100 million Sportsmen’s Lodge redevelopment with Erewhon Equinox Fitness and Amazon 4-Star
Sold $76,000 over asking with a non-contingent buyer demonstrating strong market demand
Sale price of $1,826,000 reflecting $221 per square foot and $130,428 per buildable unit
David Saghian represented both buyer and seller in the transaction
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com