Studio City Commercial Property For
For Sale
$1,995,000
3783-3785 Cahuenga Boulevard West, Studio City, CA 91604
Commercial property in Studio City with retail and apartment space.
Property Size5,988 SF
Price / SF$333.17
Days on Market269
Property Features for 3783-3785 Cahuenga Boulevard West
General Information
Standard status
Active
Size
5,988 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,988 SF
Listing Agency:
(818) 933-0313
Listed By:
Stacy Vierheilig-Fraser · License #CalDRE #009867944
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 22
Last Checked: Aug 22 at 4:48AM
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 Stacy Vierheilig-Fraser
Investment Insights
Based on property information with market context.
Located in Studio City, the property is positioned between Toluca Lake, Universal City, and the Hollywood Hills. It offers visibility and immediate access to the US 101 Freeway, providing connectivity to the Los Angeles area. The property at 3783 Cahuenga Boulevard West features high ceilings with mostly open space and a second-story apartment. The property at 3785 Cahuenga Boulevard West is currently a retail space and is leased month-to-month. The property has a total size of 5988 square feet.
Key Highlights
- Prime location in the heart of Studio City, between Toluca Lake, Universal City, and the Hollywood Hills.
- Exceptional visibility and immediate access to the US 101 Freeway.
- Seamless connectivity to the greater Los Angeles area.
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
$132,482
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
6.64%
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%
$2,649,640
$2.6M
Cap Rate 7%
$1,892,600
$1.9M
Cap Rate 9%
$1,472,022
$1.5M
Market Conditions
NOI Build-Up for 5,988 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
$202.6K $33.84/SF
− Vacancy
−$13.4K −$2.23/SF
EGI
$189.3K $31.61/SF
− OpEx
−$56.8K −$9.48/SF
NOI
$132.5K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$2,649,640
Cap Rate 7%
$1,892,600
Cap Rate 9%
$1,472,022
Alternative Uses
Best Use
Retail
$1.89M
$1.66M – $2.21M
NOI $132,482 @ 7.0% cap · market cap 6.64%
Second Best
Office B
$1.87M
$1.64M – $2.18M
NOI $130,893 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,417 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
Explore this area
Business Placement
Demographics for 91604, CA
30,947
Population
15,900
Households
1.9
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
4.7 sq mi
ZIP Area
6,584
Density / Sq Mi
$141,317
Median Household Income
$72,208
Median Earnings
$2,471
Median Rent
$1,698,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial property in Studio City with retail and apartment space.
Where is this office units located?
The property is located at 3783-3785 Cahuenga Boulevard West Studio City, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prime location in the heart of Studio City, between Toluca Lake, Universal City, and the Hollywood Hills.; Exceptional visibility and immediate access to the US 101 Freeway.; Seamless connectivity to the greater Los Angeles area.
