31-Unit Mid-Rise Apartment
For Sale
Contact for pricing
Pending
11911 Weddington St., Valley Village, CA 91607
One- and two-bedroom apartments feature private outdoor areas, a pool, elevator, and on-site laundry.
Property Size36,121 SF
Lot Size0.58 Acres
Days on Market321
Property Features for 11911 Weddington St.
General Information
Standard status
Pending
Size
36,121 SF
Elevators
Yes
Lot size
0.58 Acres
Property subtype
Multifamily
Zoning
R3-1
Occupancy
100%
Net Operating Income
$418,734
Additional Details
Multifamily Units
31
Amenities
pool
on-site laundry
Building Details
Year Built
1963
Buildings
1
Stories
3
Units
31
Listing Agency:
Remax Commercial and Investment
Listed By:
Jake Plewa · License #CA 02041641
Source:
Crexi
Added: Oct 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment
Investment Insights
Based on property information with market context.
Built in 1963, this mid-rise apartment property at 11911 Weddington St. contains 31 units within 36,121 square feet on a 0.584-acre lot. The unit mix includes one- and two-bedroom apartments ranging from 700 to 1,350 square feet, with average unit sizes exceeding 1,000 square feet. Interior features include hardwood floors, new appliances, air conditioning, and ceiling fans. Select residences include private patios or balconies.
Resident amenities include a swimming pool, elevator access, and on-site laundry facilities. The property is located in Valley Village, California, and carries R3-1 zoning. Its physical profile includes a range of larger apartment layouts, shared amenities, and multiple outdoor spaces associated with individual units.
Resident amenities include a swimming pool, elevator access, and on-site laundry facilities. The property is located in Valley Village, California, and carries R3-1 zoning. Its physical profile includes a range of larger apartment layouts, shared amenities, and multiple outdoor spaces associated with individual units.
Key Highlights
- 31‑unit apartment property built in 1963
- 36,121 square feet on a 0.584‑acre lot
- One- and two‑bedroom units ranging from 700 to 1,350 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$581,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,624,320
$11.6M
Cap Rate 7%
$8,303,086
$8.3M
Cap Rate 9%
$6,457,956
$6.5M
Market Conditions
NOI Build-Up for 36,121 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.15M $31.80/SF
− Vacancy
−$91.9K −$2.54/SF
EGI
$1.06M $29.26/SF
− OpEx
−$475.5K −$13.17/SF
NOI
$581.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,624,320
Cap Rate 7%
$8,303,086
Cap Rate 9%
$6,457,956
Alternative Uses
Best Use
Apartment 5plus
$8.30M
$7.27M – $9.69M
NOI $581,216 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.34M
$16.92M – $22.56M
NOI $1,353,733 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 91607, CA
30,502
Population
14,597
Households
2.1
Avg Household Size
38
Median Age
52%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
12,201
Density / Sq Mi
$84,925
Median Household Income
$50,970
Median Earnings
$1,998
Median Rent
$1,019,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom apartments feature private outdoor areas, a pool, elevator, and on-site laundry.
Where is this apartment building located?
The property is located at 11911 Weddington St. Valley Village, CA.
What is the asking price?
The asking price for this property is $7,975,000.
What are key features of this property?
This property features: 31‑unit apartment property built in 1963; 36,121 square feet on a 0.584‑acre lot; One- and two‑bedroom units ranging from 700 to 1,350 square feet
