45-Unit Apartment
For Sale
$16,200,000
5150 Yarmouth Ave, Encino, CA 91316
Apartment property with swimming pool, fitness center, lounges, elevator, laundry, and secured parking near Ventura Boulevard.
Property Size65,269 SF
Days on Market69
Property Features for 5150 Yarmouth Ave
General Information
Standard status
Active
Size
65,269 SF
Elevators
Yes
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
45
Amenities
swimming pool
fitness center
community lounges
central A/C
intercom access
secured parking
laundry
Building Details
Building Size
65,269 SF
Year Built
1964
Listing Agency:
Berkadia
(310) 209-3200
Listed By:
Adrienne Barr · License #01308753
Source:
Themalibulife
Added: Jun 23
Changed: Aug 30
Last Checked: Aug 30 at 12:37AM
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 Berkadia
Investment Insights
Based on property information with market context.
Built in 1964, this 45-unit apartment property offers one-, two-, and three-bedroom residences averaging more than 1,300 square feet. The community includes a large swimming pool, fitness center, two resident lounges, central A/C, intercom entry, an elevator, laundry facilities, and secured parking. The property is subject to state rent restrictions and is not governed by the City of Los Angeles rent control ordinance.
The Encino setting provides walkable access to retail, dining, and daily-needs services along and near Ventura Boulevard, including Ralphs, Starbucks, Petco, BevMo!, Target, and additional restaurants and cafes. The property is also located minutes from the 101 and 405 freeways, providing regional transportation access.
The Encino setting provides walkable access to retail, dining, and daily-needs services along and near Ventura Boulevard, including Ralphs, Starbucks, Petco, BevMo!, Target, and additional restaurants and cafes. The property is also located minutes from the 101 and 405 freeways, providing regional transportation access.
Key Highlights
- 45‑unit apartment property with one-, two-, and three‑bedroom residences
- Residences average more than 1,300 square feet
- Large swimming pool, fitness center, and two community lounges
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
$1,050,230
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
6.48%
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%
$21,004,600
$21.0M
Cap Rate 7%
$15,003,286
$15.0M
Cap Rate 9%
$11,669,222
$11.7M
Market Conditions
NOI Build-Up for 65,269 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
$2.08M $31.80/SF
− Vacancy
−$166.0K −$2.54/SF
EGI
$1.91M $29.26/SF
− OpEx
−$859.3K −$13.17/SF
NOI
$1.05M $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%
$21,004,600
Cap Rate 7%
$15,003,286
Cap Rate 9%
$11,669,222
Alternative Uses
Best Use
Apartment 5plus
$15.00M
$13.13M – $17.50M
NOI $1,050,230 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.94M
$30.58M – $40.77M
NOI $2,446,134 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
45
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 91316, CA
28,777
Population
13,602
Households
2.1
Avg Household Size
43
Median Age
58%
College-Educated
94%
High-School Grad
5.5 sq mi
ZIP Area
5,232
Density / Sq Mi
$90,802
Median Household Income
$57,845
Median Earnings
$2,104
Median Rent
$909,700
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 - Apartment property with swimming pool, fitness center, lounges, elevator, laundry, and secured parking near Ventura Boulevard.
Where is this apartment building located?
The property is located at 5150 Yarmouth Ave Encino, CA.
What is the asking price?
The asking price for this property is $16,200,000.
What are key features of this property?
This property features: 45‑unit apartment property with one-, two-, and three‑bedroom residences; Residences average more than 1,300 square feet; Large swimming pool, fitness center, and two community lounges
