12-Unit Apartment
For Sale
Contact for pricing
4248 Arch Drive, Studio City, CA 91604
1987-built 12-unit multifamily asset with electronic, gated parking garages and on-site entry and laundry.
Property Size9,960 SF
Price / SF$496.99
Days on Market66
Property Features for 4248 Arch Drive
General Information
Standard status
Active
Size
9,960 SF
Property subtype
Multifamily
Zoning
LAR4
Additional Details
Multifamily Units
12
Building Details
Year Built
1987
Year Renovated
2025
Stories
2
Units
12
Listing Agency:
CBRE LA
(818) 216-1114
Listed By:
Jenny Eng · License #CA 01931224
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 8 at 9:31AM
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 CBRE LA
Investment Insights
Based on property information with market context.
4248 Arch Drive is a 1987-built, 12-unit apartment building offered for sale. The property includes electronic and gated parking garages, along with on-site entry and laundry facilities, supporting everyday convenience for residents. The unit mix is described as catering to a tenant base of young professionals, creatives, and entertainment industry employees.
Located in Studio City, the building is positioned on a tree-lined street just steps from Ventura Boulevard and directly adjacent to major entertainment hubs. This setting places the property near prominent local activity centers while maintaining a residential streetscape.
The non-rent controlled designation provides operational flexibility for an owner considering long-term management of the asset. With 12 units and resident-oriented amenities like gated parking and on-site laundry, the building may appeal to buyers seeking a straightforward multifamily hold where daily resident functionality is already in place. Potential purchasers should evaluate the property’s individual unit interiors and current rent structure as part of their underwriting and operating plan.
Located in Studio City, the building is positioned on a tree-lined street just steps from Ventura Boulevard and directly adjacent to major entertainment hubs. This setting places the property near prominent local activity centers while maintaining a residential streetscape.
The non-rent controlled designation provides operational flexibility for an owner considering long-term management of the asset. With 12 units and resident-oriented amenities like gated parking and on-site laundry, the building may appeal to buyers seeking a straightforward multifamily hold where daily resident functionality is already in place. Potential purchasers should evaluate the property’s individual unit interiors and current rent structure as part of their underwriting and operating plan.
Key Highlights
- 1987‑built 12‑unit multifamily property
- Non‑rent controlled units
- Electronic, gated parking garages
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
$160,264
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
3.24%
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%
$3,205,280
$3.2M
Cap Rate 7%
$2,289,486
$2.3M
Cap Rate 9%
$1,780,711
$1.8M
Market Conditions
NOI Build-Up for 9,960 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
$316.7K $31.80/SF
− Vacancy
−$25.3K −$2.54/SF
EGI
$291.4K $29.26/SF
− OpEx
−$131.1K −$13.17/SF
NOI
$160.3K $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%
$3,205,280
Cap Rate 7%
$2,289,486
Cap Rate 9%
$1,780,711
Alternative Uses
Best Use
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,264 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.67M – $6.22M
NOI $373,278 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,051
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1987-built 12-unit multifamily asset with electronic, gated parking garages and on-site entry and laundry.
Where is this apartment building located?
The property is located at 4248 Arch Drive Studio City, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 1987‑built 12‑unit multifamily property; Non‑rent controlled units; Electronic, gated parking garages
