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 Market114
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
Listed By:
Adrienne Barr · License #01308753
(310) 209-3200
Source:
Themalibulife
Added: Jun 23
Changed: Oct 10
Last Checked: Oct 12 at 11:52PM
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 / Yr
$1,050,230
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
