Well-Maintained 10-Unit
For Sale
$2,200,000
12921 Oxnard St, Van Nuys, CA 91401
For sale 10-unit property built in 1957 with a mix of one- and two-bedroom apartments.
Property Size8,139 SF
Days on Market53
Property Features for 12921 Oxnard St
General Information
Standard status
Active
Size
8,139 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.44%
Multifamily Units
10
Amenities
Desirable San Fernando Valley location near Sherman Oaks and Studio City.
Well maintained property under the same ownership for the last 16 years.
Earthquake Retrofit Completed.
Building Details
Building Size
8,139 SF
Year Built
1957
Units
10
Listing Agency:
Encino Office
(818) 212-2780
Listed By:
Jeff Louks · License #License(s): CA: 00908473
(818) 212-2780
Source:
Marcusmillichap
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 14 at 3:27AM
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 Encino Office
Investment Insights
Based on property information with market context.
12921 Oxnard Street is a well-maintained 10-unit multifamily property built in 1957. The unit mix includes four (4) two-bedroom, two-bathroom apartments and six (6) one-bedroom, one-bathroom apartments, creating a varied residential offering for a broad tenant base.
Located in Van Nuys, the property is positioned in the heart of one of the San Fernando Valley’s established rental markets. The asset’s central placement is designed to serve tenants seeking quality housing with convenient access to the surrounding area.
As a for-sale multifamily investment, this configuration supports a straightforward tenant mix across one- and two-bedroom floorplans. The existing apartment layout and clear unit composition make it suitable for an owner-operator or investor looking to acquire a small, income-producing residential property with an established, diversified apartment mix.
Located in Van Nuys, the property is positioned in the heart of one of the San Fernando Valley’s established rental markets. The asset’s central placement is designed to serve tenants seeking quality housing with convenient access to the surrounding area.
As a for-sale multifamily investment, this configuration supports a straightforward tenant mix across one- and two-bedroom floorplans. The existing apartment layout and clear unit composition make it suitable for an owner-operator or investor looking to acquire a small, income-producing residential property with an established, diversified apartment mix.
Key Highlights
- 10‑unit multifamily property in Van Nuys, built in 1957
- Unit mix: four (4) 2 bed / 2 bath units and six (6) 1 bed / 1 bath units
- Well‑maintained multifamily asset with a broad tenant base
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
$130,963
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
5.95%
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%
$2,619,260
$2.6M
Cap Rate 7%
$1,870,900
$1.9M
Cap Rate 9%
$1,455,144
$1.5M
Market Conditions
NOI Build-Up for 8,139 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
$258.8K $31.80/SF
− Vacancy
−$20.7K −$2.54/SF
EGI
$238.1K $29.26/SF
− OpEx
−$107.2K −$13.17/SF
NOI
$131.0K $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%
$2,619,260
Cap Rate 7%
$1,870,900
Cap Rate 9%
$1,455,144
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,963 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.81M – $5.08M
NOI $305,031 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
3,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
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 - For sale 10-unit property built in 1957 with a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 12921 Oxnard St Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10‑unit multifamily property in Van Nuys, built in 1957; Unit mix: four (4) 2 bed / 2 bath units and six (6) 1 bed / 1 bath units; Well‑maintained multifamily asset with a broad tenant base
