15-Unit Apartment Building with
New
For Sale
$4,495,000
4653 Fulton, Sherman Oaks, CA 91423
The property includes covered gated parking, landscaped frontage, and tenant storage.
Property Size13,318 SF
Lot Size0.42 Acres
Days on Market4
Property Features for 4653 Fulton
General Information
Standard status
Active
Size
13,318 SF
Lot size
0.42 Acres
Property subtype
Multi Family
Units
Unit Mix
6 x 1BR, 9 x 2BR
Multifamily Units
15
Additional Details
Road Access
Yes
Amenities
swimming pool
covered gated parking
tenant storage
Building Details
Building Size
13,318 SF
Year Built
1962
Buildings
1
Listing Agency:
RE50 Inc
Listed By:
Diana Leslie · License #01822992
Source:
Archetyperealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:13PM
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 RE50 Inc
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Investment Insights
Based on property information with market context.
This 15-unit apartment building has six one-bedroom residences and nine two-bedroom residences. A swimming pool sits in a central courtyard, alongside landscaped frontage, covered gated parking, and storage for tenants. The building was constructed in 1962 and occupies an 18,300-square-foot corner parcel at Fulton Avenue and Kling Street.
The property is near the Sherman Oaks and Studio City border, with Ventura Boulevard, shopping, restaurants, and entertainment accessible from the area. Major transportation corridors are also nearby. Some residences have rents below market.
The property is near the Sherman Oaks and Studio City border, with Ventura Boulevard, shopping, restaurants, and entertainment accessible from the area. Major transportation corridors are also nearby. Some residences have rents below market.
Key Highlights
- 15 apartments: six one‑bedroom and nine two‑bedroom residences
- 18,300‑square‑foot corner lot at Fulton Avenue and Kling Street
- Central courtyard swimming pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,297
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,285,940
$4.3M
Cap Rate 7%
$3,061,386
$3.1M
Cap Rate 9%
$2,381,078
$2.4M
Market Conditions
NOI Build-Up for 13,318 SF
Gross rent
$423.5K $31.80/SF
− Vacancy
−$33.9K −$2.54/SF
EGI
$389.6K $29.26/SF
− OpEx
−$175.3K −$13.17/SF
NOI
$214.3K $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 Rate 5%
$4,285,940
Cap Rate 7%
$3,061,386
Cap Rate 9%
$2,381,078
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,297 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $499,128 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
15
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 91423, CA
32,635
Population
16,678
Households
2
Avg Household Size
40
Median Age
63%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
7,960
Density / Sq Mi
$112,119
Median Household Income
$66,538
Median Earnings
$2,239
Median Rent
$1,323,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes covered gated parking, landscaped frontage, and tenant storage.
Where is this apartment building located?
The property is located at 4653 Fulton Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: 15 apartments: six one‑bedroom and nine two‑bedroom residences; 18,300‑square‑foot corner lot at Fulton Avenue and Kling Street; Central courtyard swimming pool
