Renovated 9-Unit Apartment
14218 Sylvan Street Sherman Oaks, CA 91401
14218 Sylvan Street, Sherman Oaks, CA, 91401
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For Sale
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Well-maintained, fully occupied 9-unit building with renovated interiors and a balanced 1- and 2-bedroom mix.
Property Size8,957 SF
Lot Size0.20 Acres
Price / SF$256.66
Days on Market50
Property Features for 14218 Sylvan Street
General Information
- Standard status
- Active
- Size
- 8,957 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multifamily
Listing agency
Coldwell Banker Hallmark Realty
(818) 402-3593
Listed by
Sarkis Kalinyan · License #01294788
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 10:12AM
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 Coldwell Banker Hallmark Realty
Investment Insights
Based on property information with market context.
This well-maintained 9-unit apartment building offers a desirable mix of (4) 2 bed/2 bath units and (5) 1 bed/1 bath units. The property sits on an 8,749 sq ft lot and provides approximately 8,957 rentable square feet. Extensive upgrades have been completed throughout, including granite and sizar stone countertops, stainless steel appliances, exterior improvements, and painting, along with fully renovated interiors.
The building is conveniently located near the 405, 101, and 170 freeways, supporting straightforward regional access. It is also positioned next to Citi Hall Court House Federal Buildings and is just minutes from Ventura Boulevard, with nearby public transportation offering access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.
The unit mix is designed to support longer-term occupancy and help minimize turnover, and the property is currently fully occupied with all units leased. With the renovations already completed, the building presents a practical turnkey option for an investor or operator seeking a stabilized multifamily asset with updated finishes and strong day-to-day leasing continuity.
The building is conveniently located near the 405, 101, and 170 freeways, supporting straightforward regional access. It is also positioned next to Citi Hall Court House Federal Buildings and is just minutes from Ventura Boulevard, with nearby public transportation offering access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.
The unit mix is designed to support longer-term occupancy and help minimize turnover, and the property is currently fully occupied with all units leased. With the renovations already completed, the building presents a practical turnkey option for an investor or operator seeking a stabilized multifamily asset with updated finishes and strong day-to-day leasing continuity.
Key Highlights
- Fully occupied 9‑unit apartment building with all units currently leased
- Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath
- Approximately 8,957 rentable SF on an 8,749 SF lot
Local Financial Insights For Apartment 5plus
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 | $284.8k | $31.80 |
| − Vacancy | −$22.8k | −$2.54 |
| EGI | $262.0k | $29.26 |
| − OpEx | −$117.9k | −$13.17 |
| NOI | $144.1k | $16.09 |
8,957 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,125 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.59M
NOI $335,688 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Little Roses Design
Interior Design
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained, fully occupied 9-unit building with renovated interiors and a balanced 1- and 2-bedroom mix.
Where is this apartment building located?
The property is located at 14218 Sylvan Street Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $2,298,888.
What are key features of this property?
This property features: Fully occupied 9‑unit apartment building with all units currently leased; Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath; Approximately 8,957 rentable SF on an 8,749 SF lot
