
Studio City
Studio City is an established southeastern San Fernando Valley multifamily market known for its residential character, entertainment-industry presence and convenient access to both the Valley and Central Los Angeles. The neighborhood combines single-family areas with multifamily housing concentrated along Moorpark Street and near major commercial corridors. Ventura and Laurel Canyon boulevards provide access to restaurants, retail, professional services and everyday amenities, while the Universal City/Studio City B Line station connects residents with Hollywood and Downtown Los Angeles. Radford Studio Center and nearby Universal City reinforce the area’s connection to film, television and media production. For multifamily investors, Studio City offers opportunities to acquire and reposition established rental properties within a supply-constrained neighborhood supported by employment access, local amenities and continued demand for well-located Valley housing.
MARKET OVERVIEW
Source: CoStar | Studio City Multifamily | 2025
Units Sold
148
Rent Growth (YoY)
4.0%
Average Cap Rate
5.0%
Vacancy Rate
7.6%
Average Price Per Unit
$311,904
Average Rent
$3,316
Average Sale Price
$2.3M
Total Transactions
23
EMPLOYMENT DRIVERS
Entertainment and media production are Studio City’s principal employment drivers, anchored by Radford Studio Center and nearby Universal Studios. These facilities support jobs in production, post-production, administration and related creative services. Residents also have access to professional, healthcare, retail and hospitality employment throughout the southeastern Valley, Hollywood and Burbank.
TENANT PROFILE
Studio City attracts entertainment professionals, young professionals, established households and families seeking a residential neighborhood with convenient urban amenities. Renters benefit from proximity to Ventura Boulevard, nearby production studios and the Universal City/Studio City Metro station. The area’s apartment mix accommodates individual renters, couples and households seeking larger units.
