2024-Built Quadplex With Covered
New
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
Price / SF$600.13
Days on Market5
Property Features for 13846 Moorpark St
General Information
Standard status
Active
Size
5,992 SF
Property subtype
MULTI_FAMILY
Amenities
security camera system
gated ground-level covered parking
elevator access
Building Details
Building Size
5,992 SF
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Brett Sanson · License #01387480
Source:
Carolinakramer
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 5:44AM
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 Marcus & Millichap
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 For Multifamily LT 5
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 | $161.8k | $27.00 |
| − Vacancy | −$12.3k | −$2.05 |
| EGI | $149.5k | $24.95 |
| − OpEx | −$44.8k | −$7.48 |
| NOI | $104.6k | $17.46 |
5,992 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,177
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
