How I Sold This 14-Unit Studio City Apartment Building

From SCEP Notice to a $4.4M Closing

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Property Overview

Address 13021 Moorpark Ave

Location Studio City, CA

Units 14

Sale Price $4,400,000

Lead Source YouTube

Transaction Type Tenant-occupied

Property Photos

14-unit apartment building exterior with manicured landscaping

Modern townhouse with stone facade, metal gated entrance, and tall green hedges flanking a concrete driveway

How This Deal Came Together

1 How It Started

A 91-year-old rent-controlled apartment owner reached out after receiving a SCEP notice. They had found my YouTube content and were looking for guidance on how to handle the situation.

2 The Challenges

This was not a straightforward transaction. The deal involved:

An active tenant habitability lawsuit
LAHD inspections and compliance pressure
Balcony repairs requiring permits and approvals
Four vacant units, complicating financing
Buyer and lender hesitation due to risk
Multiple escrows before reaching closing

3 What I Did

This wasn't about simply listing the property.

The key was positioning the deal so buyers clearly understood both the risks and the upside — without killing interest.

That required:

Framing the situation correctly to investors
Managing inspections, documentation, and repairs
Navigating tenant and LAHD-related issues
Keeping buyers and lenders engaged despite complications
Staying actively involved through multiple escrows

4 The Outcome

Despite the challenges, the property closed at $4.4M.

More importantly, the seller was able to navigate a complex and stressful situation with the right guidance — from the initial SCEP issue all the way through closing.

Own an Apartment Building in Los Angeles?

If you're dealing with SCEP, tenant issues, inspections, or a complicated situation — let's talk through your options.

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