Versatile Commercial Property in Studio
For Sale
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4412 Whitsett Ave, Los Angeles, CA 91604
3,625 sq ft commercial property in a desirable Studio City location.
Property Size3,625 SF
Price / SF$531.03
Days on Market148
Property Features for 4412 Whitsett Ave
General Information
Standard status
Active
Size
3,625 SF
Total Parking Spaces
9
Property subtype
Retail
Zoning
C2-1
Investment Type
Owner/User
Building Details
Year Built
1951
Listing Agency:
Lee & Associates - LA North - Sherman Oaks
(818) 933-0305
Listed By:
Scott Romick · License #CA 01323527
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
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 Lee & Associates - LA North - Sherman Oaks
Investment Insights
Based on property information with market context.
This 3,625 sq. ft. commercial property is located in a desirable and affluent area of Studio City, bordering Sherman Oaks and Valley Village. Situated between Ventura Blvd and Riverside Drive, just off Moorpark St, the property offers excellent visibility and accessibility. It is located in the middle of an affluent residential neighborhood with retail businesses that support the local residents. The property's location provides proximity to major businesses and residential districts, with access to all parts of town. This versatile property is suitable for a wide range of businesses, including retail, office, fitness, medical, or showroom use, and possibly a multifamily development.
Key Highlights
- Prime location in a highly desirable and affluent area of Studio City, bordering Sherman Oaks and Valley Village.
- Versatile 3,625 sq. ft. commercial property suitable for a wide range of businesses.
- Excellent visibility and accessibility.
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
$84,126
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
4.37%
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%
$1,682,520
$1.7M
Cap Rate 7%
$1,201,800
$1.2M
Cap Rate 9%
$934,733
$934.7K
Market Conditions
NOI Build-Up for 3,625 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
$134.0K $36.96/SF
− Vacancy
−$13.8K −$3.81/SF
EGI
$120.2K $33.15/SF
− OpEx
−$36.1K −$9.95/SF
NOI
$84.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$1,682,520
Cap Rate 7%
$1,201,800
Cap Rate 9%
$934,733
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,126 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$73.44M
$64.26M – $85.68M
NOI $5,140,823 @ 7.0% cap · market cap 267.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,391
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 Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,625 sq ft commercial property in a desirable Studio City location.
Where is this retail space located?
The property is located at 4412 Whitsett Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Prime location in a highly desirable and affluent area of Studio City, bordering Sherman Oaks and Valley Village.; Versatile 3,625 sq. ft. commercial property suitable for a wide range of businesses.; Excellent visibility and accessibility.
