Upgraded Duplex in Prime
For Sale
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14349 Tiara Street, Sherman Oaks, CA 91401
Gated duplex with upgraded units in Van Nuys/Sherman Oaks.
Property Size3,590 SF
Price / SF$440.25
Days on Market164
Property Features for 14349 Tiara Street
General Information
Standard status
Active
Size
3,590 SF
Property subtype
Multifamily
Zoning
LARD2
Listing Agency:
Park Regency Realty
Listed By:
Greg Chermakyan · License #01232572
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Jul 17 at 8:35AM
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 Park Regency Realty
Investment Insights
Based on property information with market context.
This gated duplex, situated in a prime Van Nuys / Sherman Oaks adjacent neighborhood, has been upgraded throughout. The property offers a combined 3,590 square feet of living space and features two spacious two-story units. One unit, located at 14349 Tiara Street, includes 3 bedrooms (with a downstairs bedroom currently used as an office) and 2 bathrooms. It features laminate flooring, an upgraded kitchen with custom soft-close cabinets, under-cabinet lighting, a pantry with pull-out shelves, two Lazy Susan cabinets, granite countertops, and a mosaic backsplash. Additional features include recessed lighting, Lutron smart lighting switches, a newer water heater, energy-efficient dual-pane windows, and central air & heat with a smart Nest thermostat. The unit at 14347 Tiara Street has a newly painted interior, a large living room with high ceilings and a gas-burning fireplace, 3 upstairs bedrooms, a spacious primary suite with a private bathroom, balcony, and double closets, and 3 bathrooms with tile flooring. It also includes laminate flooring, a large open kitchen, new blinds, energy-efficient dual-pane windows, central air & heat, and a newer 50-gallon water heater. Both units share a fully fenced property with an automatic security gate and digital mechanical lock, two oversized two-car direct-access garages with custom doors and openers, laundry areas, a security surveillance system with cameras, a front yard sprinkler system with an automatic programmable timer, and a new roof installed in 2020. The property has one water meter with separate.
Key Highlights
- Gated duplex in a prime Van Nuys/Sherman Oaks adjacent location.
- Two spacious, upgraded units totaling 3,590 sq ft, ideal for multi‑generational living or rental income.
- Each unit has direct access to oversized two‑car garages, providing secure and convenient 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
$62,694
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
3.97%
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%
$1,253,880
$1.3M
Cap Rate 7%
$895,629
$895.6K
Cap Rate 9%
$696,600
$696.6K
Market Conditions
NOI Build-Up for 3,590 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
$96.9K $27.00/SF
− Vacancy
−$7.4K −$2.05/SF
EGI
$89.6K $24.95/SF
− OpEx
−$26.9K −$7.48/SF
NOI
$62.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,253,880
Cap Rate 7%
$895,629
Cap Rate 9%
$696,600
Alternative Uses
Best Use
Multifamily LT 5
$895.6K
$783.7K – $1.04M
NOI $62,694 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$825.2K
$722.1K – $962.8K
NOI $57,766 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,545 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,008
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Gated duplex with upgraded units in Van Nuys/Sherman Oaks.
Where is this duplex located?
The property is located at 14349 Tiara Street Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,580,500.
What are key features of this property?
This property features: Gated duplex in a prime Van Nuys/Sherman Oaks adjacent location.; Two spacious, upgraded units totaling 3,590 sq ft, ideal for multi‑generational living or rental income.; Each unit has direct access to oversized two‑car garages, providing secure and convenient parking.
