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Sherman Oaks Mixed-Use Building

13257-13259 Moorpark St Los Angeles, CA 91423

13257-13259 Moorpark St, Los Angeles, CA, 91423
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Mixed-use building in Sherman Oaks with residential and commercial spaces.

Property Size10,700 SF
Price / SF$420.56
AddedSep 19, 2024
Days on Market665
Last RefreshMay 12 at 9:37 pm

Property Features for 13257-13259 Moorpark St

General Information

Standard status
Active
Size
10,700 SF
Property subtype
Office

Building Details

Year Built
1946

Listing office illi Commercial Real Estate

Listing date Sep 19, 2024

Source Crexi

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 illi Commercial Real Estate


Investment Insights

Based on property information with market context.

Located in Sherman Oaks, 13257 Moorpark Street is a mixed-use building offering versatile space. The building is approximately 10,700 square feet and features two large apartments with well-appointed bedrooms on the 2nd and 3rd floors, along with multiple offices on the 1st and 2nd floors. The property benefits from excellent signage opportunities and a prominent street presence, enhancing visibility. Situated next to M. Street Coffee Shop and surrounded by high-end condos, apartments, and multi-million dollar homes, the location ensures steady foot traffic and high visibility. The mix of residential and commercial spaces allows for diverse rental income, appealing to both long-term and short-term tenants. Sherman Oaks is known for its affluent community and thriving economy.

Key Highlights

  • Prime location in the highly desirable Sherman Oaks neighborhood.
  • Versatile mixed‑use building with residential apartments and commercial office spaces.
  • Diverse rental income potential from both residential and commercial tenants.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $416.0k $38.88
− Vacancy −$77.4k −$7.23
EGI $338.6k $31.65
− OpEx −$84.7k −$7.91
NOI $254.0k $23.74
10,700 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.63M
$3.17M – $4.23M (±1% cap)
NOI $253,978 @ 7.0% cap · market cap 5.64%
Second Best
Mixed Use
$3.10M
$2.71M – $3.61M (±1% cap)
NOI $216,675 @ 7.0% cap · market cap 4.81%
Theoretical Best
Multifamily LT 5
$216.78M
$189.68M – $252.90M (±1% cap)
NOI $15,174,290 @ 7.0% cap · market cap 337.21%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

FAQs

What type of property is this?
Mixed-use property - Mixed-use building in Sherman Oaks with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 13257-13259 Moorpark St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime location in the highly desirable Sherman Oaks neighborhood.; Versatile mixed‑use building with residential apartments and commercial office spaces.; Diverse rental income potential from both residential and commercial tenants.
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