Four-Unit Townhome
For Sale
$3,195,000
15330 Weddington St, Sherman Oaks, CA 91411
Contemporary multifamily property with detached buildings, private outdoor areas, in-unit laundry, and dedicated parking.
Property Size6,701 SF
Days on Market76
Property Features for 15330 Weddington St
General Information
Standard status
Active
Size
6,701 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
4 x 3BR/3BA
Multifamily Units
4
Additional Details
Cap Rate
5%
Highway Access
Yes
Amenities
private outdoor space
in-unit laundry
dedicated parking
designer kitchens
stainless-steel appliances
Building Details
Building Size
6,701 SF
Year Built
2021
Buildings
2
Construction
contemporary
Listing Agency:
Onward Capital, Inc.
(310) 780-1146
Listed By:
Serena Shlomof · License #01986310
Source:
Milsteinestates
Added: Jun 2
Changed: Aug 12
Last Checked: Aug 15 at 12:25PM
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 Onward Capital, Inc.
Investment Insights
Based on property information with market context.
Built in 2021, this four-unit multifamily property is arranged across two detached duplex buildings. Each residence is a tri-level townhome with 3 bedrooms and 3 bathrooms, open living areas, high ceilings, designer kitchens, stainless-steel appliances, en-suite bedrooms, and large walk-in closets. Private outdoor space, in-unit laundry, and dedicated parking are provided for each unit.
The property is located in Sherman Oaks, with access to Studio City, Encino, and Van Nuys, along with shopping, dining, entertainment, and major freeways near Ventura Boulevard. The complex is fully occupied and designated non-rent-controlled.
The property is located in Sherman Oaks, with access to Studio City, Encino, and Van Nuys, along with shopping, dining, entertainment, and major freeways near Ventura Boulevard. The complex is fully occupied and designated non-rent-controlled.
Key Highlights
- 4‑unit complex completed in 2021
- Two detached duplex buildings with tri‑level townhomes
- Each unit offers 3 bedrooms and 3 bathrooms
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
$117,024
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
3.66%
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%
$2,340,480
$2.3M
Cap Rate 7%
$1,671,771
$1.7M
Cap Rate 9%
$1,300,267
$1.3M
Market Conditions
NOI Build-Up for 6,701 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
$180.9K $27.00/SF
− Vacancy
−$13.8K −$2.05/SF
EGI
$167.2K $24.95/SF
− OpEx
−$50.2K −$7.48/SF
NOI
$117.0K $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%
$2,340,480
Cap Rate 7%
$1,671,771
Cap Rate 9%
$1,300,267
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,024 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,824 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,138 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
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 - Contemporary multifamily property with detached buildings, private outdoor areas, in-unit laundry, and dedicated parking.
Where is this quadplex located?
The property is located at 15330 Weddington St Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 4‑unit complex completed in 2021; Two detached duplex buildings with tri‑level townhomes; Each unit offers 3 bedrooms and 3 bathrooms
