11-Unit Apartment
For Sale
$2,750,000
14258 Dickens St, Sherman Oaks, CA 91423
The 1956 property supports an interior renovation program focused on finishes and unit modernization.
Property Size5,464 SF
Days on Market175
Property Features for 14258 Dickens St
General Information
Standard status
Active
Size
5,464 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
4.55%
Gross Rent Multiplier
11.87
Additional Details
Multifamily Units
11
Building Details
Building Size
5,464 SF
Year Built
1956
Buildings
1
Listing Agency:
Miller & Desatnik Realty Co.
(310) 939-9300
Listed By:
David Miller · License #02105346
Source:
Milsteinestates
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 1:06AM
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 Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
Located at 14258 Dickens Street in Sherman Oaks, this 11-unit apartment property was built in 1956. The building is described as well maintained, with existing structural fundamentals and a configuration suited to continued multifamily use.
Current operating metrics include an 11.87 GRM and a 4.55% cap rate. The planned improvement strategy centers on refreshing interior finishes and updating individual units while retaining the building’s established character. The property is offered for sale with an existing income profile and a defined renovation scope.
Current operating metrics include an 11.87 GRM and a 4.55% cap rate. The planned improvement strategy centers on refreshing interior finishes and updating individual units while retaining the building’s established character. The property is offered for sale with an existing income profile and a defined renovation scope.
Key Highlights
- 11‑unit apartment property built in 1956
- Current metrics include an 11.87 GRM and 4.55% cap rate
- Interior renovation plan focuses on finishes and unit modernization
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
$87,920
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
3.20%
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%
$1,758,400
$1.8M
Cap Rate 7%
$1,256,000
$1.3M
Cap Rate 9%
$976,889
$976.9K
Market Conditions
NOI Build-Up for 5,464 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
$173.8K $31.80/SF
− Vacancy
−$13.9K −$2.54/SF
EGI
$159.9K $29.26/SF
− OpEx
−$71.9K −$13.17/SF
NOI
$87.9K $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%
$1,758,400
Cap Rate 7%
$1,256,000
Cap Rate 9%
$976,889
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,920 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,778 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
3,462
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?
Apartment building - The 1956 property supports an interior renovation program focused on finishes and unit modernization.
Where is this apartment building located?
The property is located at 14258 Dickens St Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 11‑unit apartment property built in 1956; Current metrics include an 11.87 GRM and 4.55% cap rate; Interior renovation plan focuses on finishes and unit modernization
