43-Unit Courtyard Apartment
18404 Collins St, Tarzana, CA 91356
For Sale
New
$8,200,000
Residential Income, Tarzana, CA
Property Size25,900 SF
Lot Size1.00 Acres
Price / SF$316.60
Days on Market4
Property Features for 18404 Collins St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Amenities
pool
sundeck
controlled access
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
REMAX COMMERCIAL & INVESTMENT REALTY
(310) 802-2500
Listed By:
Jacob Plewa · License CA #02041641
(310) 922-6124
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 26107515
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1977, this 43-unit apartment property contains approximately 25,900 square feet on a 1.0012-acre LAR3 parcel. The mix includes 32 studios, 9 one-bedroom apartments, and 2 two-bedroom apartments; many units have private balconies. A courtyard, pool, sundeck, controlled access, on-site laundry, and surface parking serve the community. Central heating is also present.
The property is at 18404 Collins St in Tarzana. The Metro G Line is an 11-minute walk away, and the Ventura Boulevard dining and shopping corridor is a 15-minute walk. Warner Center is a 9-minute drive, with immediate access to the 101 Freeway.
The property is at 18404 Collins St in Tarzana. The Metro G Line is an 11-minute walk away, and the Ventura Boulevard dining and shopping corridor is a 15-minute walk. Warner Center is a 9-minute drive, with immediate access to the 101 Freeway.
Key Highlights
- 43 apartments: 32 studios, 9 one‑bedrooms, and 2 two‑bedrooms
- Approximately 25,900 square feet on a 1.0012‑acre LAR3 parcel
- Built in 1977; many apartments feature private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$416,752
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,335,040
$8.3M
Cap Rate 7%
$5,953,600
$6.0M
Cap Rate 9%
$4,630,578
$4.6M
Market Conditions
NOI Build-Up for 25,900 SF
Gross rent
$823.6K $31.80/SF
− Vacancy
−$65.9K −$2.54/SF
EGI
$757.7K $29.26/SF
− OpEx
−$341.0K −$13.17/SF
NOI
$416.8K $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 Rate 5%
$8,335,040
Cap Rate 7%
$5,953,600
Cap Rate 9%
$4,630,578
Alternative Uses
Best Use
Apartment 5plus
$5.95M
$5.21M – $6.95M
NOI $416,752 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.81M
$9.46M – $12.62M
NOI $756,950 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
43
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 91356, CA
30,664
Population
12,715
Households
2.4
Avg Household Size
43
Median Age
56%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,201
Density / Sq Mi
$110,094
Median Household Income
$60,504
Median Earnings
$2,027
Median Rent
$1,177,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The LAR3 property pairs a studio-heavy unit mix with controlled entry, shared laundry, and resident recreation amenities.
Where is this apartment building located?
The property is located at 18404 Collins St Tarzana, CA.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 43 apartments: 32 studios, 9 one‑bedrooms, and 2 two‑bedrooms; Approximately 25,900 square feet on a 1.0012‑acre LAR3 parcel; Built in 1977; many apartments feature private balconies
