6-Unit Apartment
13520 Rye, Sherman Oaks, CA 91423
For Sale
$1,875,000
The residential mix includes one three-bedroom apartment and five one-bedroom apartments.
Property Size4,998 SF
Price / SF$375.15
Days on Market62
Property Features for 13520 Rye
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
Baboudjian Properties Inc.
(626) 657-7575
Listed By:
Jack Baboudjian · License CA #01372116
(818) 244-5151
Source:
Monumentglobalestates
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 9 at 9:44AM
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 Baboudjian Properties Inc.
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 4,998 square feet and was built in 1956. Its unit mix comprises one 3-bedroom, 2-bathroom apartment and five 1-bedroom, 1-bathroom apartments. Updates have been completed in some units.
The property is in Sherman Oaks, near shopping and dining at Westfield Fashion Square and along Ventura Boulevard. Major freeways provide access to nearby Encino, Studio City and Burbank.
The property is in Sherman Oaks, near shopping and dining at Westfield Fashion Square and along Ventura Boulevard. Major freeways provide access to nearby Encino, Studio City and Burbank.
Key Highlights
- Six apartments: one 3‑bedroom, 2‑bathroom unit and five 1‑bedroom, 1‑bathroom units
- 4,998 square feet; built in 1956
- Updates completed in some apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,422
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,608,440
$1.6M
Cap Rate 7%
$1,148,886
$1.1M
Cap Rate 9%
$893,578
$893.6K
Market Conditions
NOI Build-Up for 4,998 SF
Gross rent
$158.9K $31.80/SF
− Vacancy
−$12.7K −$2.54/SF
EGI
$146.2K $29.26/SF
− OpEx
−$65.8K −$13.17/SF
NOI
$80.4K $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 Rate 5%
$1,608,440
Cap Rate 7%
$1,148,886
Cap Rate 9%
$893,578
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,422 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,314 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,015
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
$1,323,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential mix includes one three-bedroom apartment and five one-bedroom apartments.
Where is this apartment building located?
The property is located at 13520 Rye Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Six apartments: one 3‑bedroom, 2‑bathroom unit and five 1‑bedroom, 1‑bathroom units; 4,998 square feet; built in 1956; Updates completed in some apartments
