7-Unit Apartment Building with Private
New
For Sale
$1,260,000
13444 Burbank Blvd, Sherman Oaks, CA 91401
A full copper-pipe upgrade and recent interior renovations add useful building improvements.
Property Size3,748 SF
Price / SF$336.18
Days on Market4
Property Features for 13444 Burbank Blvd
General Information
Standard status
Active
Size
3,748 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
5.77%
Gross Income
$131,916
Gross Rent Multiplier
10.99
Units
Unit Mix
2 x 2BR, 1 x 1BR, 4 x studio
Multifamily Units
7
Building Details
Building Size
3,748 SF
Year Built
1957
Listing Agency:
Equity Union
Listed By:
Eliyahu Appel · License #01918652
(818) 212-2700
Source:
Benbelack
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:37PM
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 Equity Union
Investment Insights
Based on property information with market context.
Built in 1957, this 3,748-square-foot apartment property contains seven units: two two-bedroom apartments, one one-bedroom apartment, and four studios. The front apartment has a private yard and tandem parking directly outside. Building improvements include a full copper-pipe upgrade, and three apartments have been renovated within the past three years with updated flooring, countertops, windows, and light fixtures. Select units also have parking, front and rear access, outdoor areas, patio space, or central A/C.
The property is on Burbank Boulevard in Sherman Oaks. One studio is vacant. The reported current cap rate is 5.77%, with a projected market cap rate of 8.89%; current GRM is 10.99x and projected market GRM is 8.19x.
The property is on Burbank Boulevard in Sherman Oaks. One studio is vacant. The reported current cap rate is 5.77%, with a projected market cap rate of 8.89%; current GRM is 10.99x and projected market GRM is 8.19x.
Key Highlights
- Seven‑unit mix: two two‑bedroom apartments, one one‑bedroom apartment, and four studios
- 3,748 square feet; built in 1957
- Front apartment includes a private yard and tandem parking
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
$60,308
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
4.79%
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%
$1,206,160
$1.2M
Cap Rate 7%
$861,543
$861.5K
Cap Rate 9%
$670,089
$670.1K
Market Conditions
NOI Build-Up for 3,748 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
$119.2K $31.80/SF
− Vacancy
−$9.5K −$2.54/SF
EGI
$109.7K $29.26/SF
− OpEx
−$49.3K −$13.17/SF
NOI
$60.3K $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%
$1,206,160
Cap Rate 7%
$861,543
Cap Rate 9%
$670,089
Alternative Uses
Best Use
Apartment 5plus
$861.5K
$753.9K – $1.01M
NOI $60,308 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,467 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
751
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A full copper-pipe upgrade and recent interior renovations add useful building improvements.
Where is this apartment building located?
The property is located at 13444 Burbank Blvd Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Seven‑unit mix: two two‑bedroom apartments, one one‑bedroom apartment, and four studios; 3,748 square feet; built in 1957; Front apartment includes a private yard and tandem parking
