Multifamily Property with
For Sale
$3,698,000
5302 Colodny Dr, Agoura Hills, CA 91301
Updated units include modern kitchens, tiled bathrooms, and dedicated laundry features.
Property Size8,172 SF
Price / SF$452.52
Days on Market62
Property Features for 5302 Colodny Dr
General Information
Standard status
Active
Size
8,172 SF
Property subtype
Residential Income
Additional Details
Cap Rate
5.66%
Amenities
in-unit laundry
communal laundry room
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Saadia 'Sam' Liberow
(818) 212-2795
Source:
Exprealty
Added: Jul 9
Changed: Sep 8
Last Checked: Aug 31 at 12:42PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This multifamily property includes newly added Accessory Dwelling Units, with one ADU already leased. Existing units received substantial renovations between 2021 and 2022, including quartzite and granite countertops, stainless-steel appliances, waterproof laminate flooring, and custom-tiled bathrooms. Most spaces feature in-unit laundry or dedicated laundry closets, supplemented by a communal laundry room.
Major property improvements include a 50-year roof, an overhauled main driveway, dual-pane windows, and a replaced sewer line serving the back building. Mechanical updates include dedicated tankless water heaters and split-system heating and air conditioning. The property carries a 5.66% cap rate and is located in Agoura Hills, California.
Major property improvements include a 50-year roof, an overhauled main driveway, dual-pane windows, and a replaced sewer line serving the back building. Mechanical updates include dedicated tankless water heaters and split-system heating and air conditioning. The property carries a 5.66% cap rate and is located in Agoura Hills, California.
Key Highlights
- New ADUs added; one is already leased
- Existing units renovated between 2021 and 2022
- 50‑year roof, overhauled main driveway, and replaced sewer line to back building
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
$129,175
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
3.49%
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%
$2,583,500
$2.6M
Cap Rate 7%
$1,845,357
$1.8M
Cap Rate 9%
$1,435,278
$1.4M
Market Conditions
NOI Build-Up for 8,172 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
$245.2K $30.00/SF
− Vacancy
−$10.3K −$1.26/SF
EGI
$234.9K $28.74/SF
− OpEx
−$105.7K −$12.93/SF
NOI
$129.2K $15.81/SF
Area
Ventura County, CA
Vacancy
4.20%
Lease Rate
$30.00 /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%
$2,583,500
Cap Rate 7%
$1,845,357
Cap Rate 9%
$1,435,278
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.61M – $2.15M
NOI $129,175 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.45M – $3.27M
NOI $196,379 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 91301, CA
24,790
Population
9,394
Households
2.6
Avg Household Size
45
Median Age
66%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
749
Density / Sq Mi
$166,912
Median Household Income
$85,240
Median Earnings
$3,163
Median Rent
$1,096,600
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?
Multifamily property - Updated units include modern kitchens, tiled bathrooms, and dedicated laundry features.
Where is this multifamily property located?
The property is located at 5302 Colodny Dr Agoura Hills, CA.
What is the asking price?
The asking price for this property is $3,698,000.
What are key features of this property?
This property features: New ADUs added; one is already leased; Existing units renovated between 2021 and 2022; 50‑year roof, overhauled main driveway, and replaced sewer line to back building
