7-Unit Apartment
For Sale
$1,695,000
12325 Riverside Dr, Valley Village, CA 91607
Multifamily property with hardwood floors, wall air conditioning, on-site laundry, and dedicated parking.
Property Size5,703 SF
Days on Market168
Property Features for 12325 Riverside Dr
General Information
Standard status
Active
Size
5,703 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
7
Amenities
hardwood flooring
wall air conditioning units
on-site laundry facilities
Building Details
Building Size
5,703 SF
Year Built
1957
Listing Agency:
Miller & Desatnik Realty Co.
(310) 202-9166
Listed By:
Gary Fox · License #00847295
Source:
Milsteinestates
Added: Mar 16
Changed: Aug 30
Last Checked: Jul 29 at 9:57AM
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 Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
Built in 1957, this apartment property contains seven units totaling 5,703 square feet. The configuration includes six one-bedroom, one-bath residences and one two-bedroom, one-bath residence. Unit features include hardwood flooring and wall air conditioning, while the property also provides on-site laundry facilities and dedicated parking.
The property is located on Riverside Drive in Valley Village, between Coldwater Canyon Boulevard and Laurel Canyon Boulevard. Its surrounding context includes the dining, retail, and entertainment offerings along Ventura Boulevard, as well as nearby Studio City and the NoHo Arts District. The location also provides access to San Fernando Valley employment centers and neighboring communities.
The property is located on Riverside Drive in Valley Village, between Coldwater Canyon Boulevard and Laurel Canyon Boulevard. Its surrounding context includes the dining, retail, and entertainment offerings along Ventura Boulevard, as well as nearby Studio City and the NoHo Arts District. The location also provides access to San Fernando Valley employment centers and neighboring communities.
Key Highlights
- Seven‑unit apartment property totaling 5,703 square feet
- Unit mix includes six 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- Built in 1957
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
$91,766
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
5.41%
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%
$1,835,320
$1.8M
Cap Rate 7%
$1,310,943
$1.3M
Cap Rate 9%
$1,019,622
$1.0M
Market Conditions
NOI Build-Up for 5,703 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
$181.4K $31.80/SF
− Vacancy
−$14.5K −$2.54/SF
EGI
$166.8K $29.26/SF
− OpEx
−$75.1K −$13.17/SF
NOI
$91.8K $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%
$1,835,320
Cap Rate 7%
$1,310,943
Cap Rate 9%
$1,019,622
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,766 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,735 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
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 - Multifamily property with hardwood floors, wall air conditioning, on-site laundry, and dedicated parking.
Where is this apartment building located?
The property is located at 12325 Riverside Dr Valley Village, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Seven‑unit apartment property totaling 5,703 square feet; Unit mix includes six 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Built in 1957
