2024-Built Quadplex With Covered
For Sale
$3,596,000
13846 Moorpark St, Sherman Oaks, CA 91423
Four modern residences feature three-bedroom layouts, private balconies, in-unit laundry, and central HVAC with Google Nest controls.
Property Size5,992 SF
Days on Market49
Property Features for 13846 Moorpark St
General Information
Standard status
Active
Size
5,992 SF
Property subtype
Multifamily
Occupancy
97%
Amenities
security camera system
gated ground-level covered parking
elevator access
Boutique newer-construction 4-unit multifamily property located in prime Sherman Oaks.
Built in 2024 and positioned as a rare modern apartment asset in a desirable San Fernando Valley rental market.
Walkable location near Ventura Boulevard restaurants, coffee shops, retail, and everyday conveniences.
Each unit features a spacious three-bedroom, two-bath layout with high ceilings and open-concept living areas.
Units include in-unit washer/dryer, central A/C & heat, generous room sizes, balconies, contemporary finishes, and well-appointed kitchens.
Property offers gated ground-level parking with elevator access, supporting tenant convenience, privacy, and long-term rental appeal.
Building Details
Building Size
5,992 SF
Year Built
2024
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Encino Office
Listed By:
Brett Sanson · License #License(s): CA: 01387480
(818) 212-2785
Source:
Marcusmillichap
Added: Aug 1
Changed: Sep 15
Last Checked: Sep 18 at 3:49AM
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.
Completed in 2024, this four-unit apartment property offers spacious three-bedroom, two-bath residences of approximately 1,500 SF each. Interiors include high ceilings, open living areas, contemporary kitchens, generous room dimensions, private balconies, and in-unit washer and dryer appliances. Central AC and heat with Google Nest controls serve each home.
The building provides gated, ground-level covered parking, elevator access to the residences, and a security camera system. The property is currently vacant. Its Sherman Oaks setting places the building within walking distance of Ventura Boulevard restaurants, coffee shops, retail, and everyday services.
The building provides gated, ground-level covered parking, elevator access to the residences, and a security camera system. The property is currently vacant. Its Sherman Oaks setting places the building within walking distance of Ventura Boulevard restaurants, coffee shops, retail, and everyday services.
Key Highlights
- Four‑unit apartment building completed in 2024
- Each residence offers approximately 1,500 SF with 3 bedrooms and 2 baths
- Open‑concept interiors with high ceilings, contemporary kitchens, and private balconies
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
$104,642
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
2.91%
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%
$2,092,840
$2.1M
Cap Rate 7%
$1,494,886
$1.5M
Cap Rate 9%
$1,162,689
$1.2M
Market Conditions
NOI Build-Up for 5,992 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
$161.8K $27.00/SF
− Vacancy
−$12.3K −$2.05/SF
EGI
$149.5K $24.95/SF
− OpEx
−$44.8K −$7.48/SF
NOI
$104.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,092,840
Cap Rate 7%
$1,494,886
Cap Rate 9%
$1,162,689
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.31M – $1.74M
NOI $104,642 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,416 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,567 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 91423, CA
32,635
Population
16,678
Households
2
Avg Household Size
40
Median Age
63%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
7,960
Density / Sq Mi
$112,119
Median Household Income
$66,538
Median Earnings
$2,239
Median Rent
$1,323,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four modern residences feature three-bedroom layouts, private balconies, in-unit laundry, and central HVAC with Google Nest controls.
Where is this quadplex located?
The property is located at 13846 Moorpark St Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $3,596,000.
What are key features of this property?
This property features: Four‑unit apartment building completed in 2024; Each residence offers approximately 1,500 SF with 3 bedrooms and 2 baths; Open‑concept interiors with high ceilings, contemporary kitchens, and private balconies
