8-Unit Apartment
5170 Columbus Ave, Sherman Oaks, CA 91403
For Sale
$1,990,000
The unit mix includes one- and two-bedroom apartments alongside studio units, including a studio ADU.
Property Size4,821 SF
Days on Market18
Property Features for 5170 Columbus Ave
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Highway Access
Amenities
8 Units in desirable Sherman Oaks Location
Minutes to Ventura Blvd & Sherman Oaks Galleria
Nicely Renovated Units
Central A/C & Heat in all units except ADU
Great Unit mix of (2) 2 Bed/2 Bath, (4) 1 Bed/1 Bath Unit and (1) Studio and (1) Studio ADU
Not on LA City Soft Story Retrofit List
Four Single Garages and One Double Garage
Building Details
Building Size
Year Built
Units
Listing Agency:
Encino Office
Listed By:
Brett Sanson
(818) 212-2785
Source:
Marcusmillichap
Added: Oct 24
Changed: Nov 6
Last Checked: Nov 8 at 2:18AM
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 Encino Office
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Investment Insights
Based on property information with market context.
This eight-unit apartment property was built in 1956, with four units added in 1987 and a studio ADU completed in 2024. The mix comprises two two-bedroom, two-bath units; four one-bedroom, one-bath units; one studio; and one studio ADU. The property is subject to LA City rent control, and renovated units are noted.
Ventura Boulevard’s dining, shopping, and entertainment options are minutes away, with the Sherman Oaks Galleria a short drive from the property. The 101 and 405 freeways provide access to surrounding areas.
Ventura Boulevard’s dining, shopping, and entertainment options are minutes away, with the Sherman Oaks Galleria a short drive from the property. The 101 and 405 freeways provide access to surrounding areas.
Key Highlights
- Eight‑unit apartment building subject to LA City rent control
- Unit mix: two 2‑bedroom/2‑bath units, four 1‑bedroom/1‑bath units, one studio, and one studio ADU
- Built in 1956; four units added in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,574
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,551,480
$1.6M
Cap Rate 7%
$1,108,200
$1.1M
Cap Rate 9%
$861,933
$861.9K
Market Conditions
NOI Build-Up for 4,821 SF
Gross rent
$153.3K $31.80/SF
− Vacancy
−$12.3K −$2.54/SF
EGI
$141.0K $29.26/SF
− OpEx
−$63.5K −$13.17/SF
NOI
$77.6K $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%
$1,551,480
Cap Rate 7%
$1,108,200
Cap Rate 9%
$861,933
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.7K – $1.29M
NOI $77,574 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,680 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 91403, CA
25,329
Population
13,095
Households
1.9
Avg Household Size
40
Median Age
68%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
7,036
Density / Sq Mi
$114,348
Median Household Income
$70,449
Median Earnings
$2,437
Median Rent
$1,467,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The unit mix includes one- and two-bedroom apartments alongside studio units, including a studio ADU.
Where is this apartment building located?
The property is located at 5170 Columbus Ave Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Eight‑unit apartment building subject to LA City rent control; Unit mix: two 2‑bedroom/2‑bath units, four 1‑bedroom/1‑bath units, one studio, and one studio ADU; Built in 1956; four units added in 1987
