11-Unit Apartment
4479 Rockland, La Canada Flintridge, CA 91011
For Sale
$4,450,000
Three updated apartments feature mini-split systems and in-unit laundry.
Property Size10,649 SF
Price / SF$417.88
Days on Market192
Property Features for 4479 Rockland
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Ryan Planegger
(818) 557-0001
Listed By:
Ryan Planegger
(661) 993-9048
Source:
4surerealtygroup
Added: May 1
Changed: Nov 7
Last Checked: Nov 7 at 7:32PM
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 Ryan Planegger
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Investment Insights
Based on property information with market context.
Built in 1964, this 11-unit apartment property contains 10,649 square feet. Units 6, 7, and 10 have been renovated and equipped with mini-split systems and in-unit washers and dryers. A common laundry room is also listed among the property features.
The property is at 4479 Rockland in La Cañada Flintridge, near shopping and local businesses. Site features include a garden, front yard, gentle slope, and sprinkler system.
The property is at 4479 Rockland in La Cañada Flintridge, near shopping and local businesses. Site features include a garden, front yard, gentle slope, and sprinkler system.
Key Highlights
- 11 apartments in a 10,649‑square‑foot property
- Units 6, 7, and 10 renovated with mini‑split systems and in‑unit washers and dryers
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,351
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,427,020
$3.4M
Cap Rate 7%
$2,447,871
$2.4M
Cap Rate 9%
$1,903,900
$1.9M
Market Conditions
NOI Build-Up for 10,649 SF
Gross rent
$338.6K $31.80/SF
− Vacancy
−$27.1K −$2.54/SF
EGI
$311.5K $29.26/SF
− OpEx
−$140.2K −$13.17/SF
NOI
$171.4K $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%
$3,427,020
Cap Rate 7%
$2,447,871
Cap Rate 9%
$1,903,900
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.14M – $2.86M
NOI $171,351 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M
NOI $399,100 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
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Business Placement
Demographics for 91011, CA
20,588
Population
7,059
Households
2.9
Avg Household Size
46
Median Age
75%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
1,822
Density / Sq Mi
$221,451
Median Household Income
$110,186
Median Earnings
$2,842
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/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 - Three updated apartments feature mini-split systems and in-unit laundry.
Where is this apartment building located?
The property is located at 4479 Rockland La Canada Flintridge, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 11 apartments in a 10,649‑square‑foot property; Units 6, 7, and 10 renovated with mini‑split systems and in‑unit washers and dryers; Built in 1964
