16-Unit Apartment
New
For Sale
$3,365,000
5643 Laurel Canyon Blvd, Valley Village, CA 91607
Vintage multifamily property with a varied unit mix, completed earthquake retrofit, pool, laundry, and on-site parking.
Property Size13,029 SF
Days on Market4
Property Features for 5643 Laurel Canyon Blvd
General Information
Standard status
Active
Size
13,029 SF
Total Parking Spaces
17
Property subtype
Multifamily
Units
Unit Mix
11 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
16
Additional Details
Cap Rate
4.09%
Amenities
on-site laundry
pool
Unit mix of 11 two-bedroom/one-bath and 5 one-bedroom/one-bath units
17 on-site parking spaces
Completed earthquake retrofit
Building Details
Building Size
13,029 SF
Year Built
1955
Units
16
Listing Agency:
Encino Office
(818) 212-2783
Listed By:
Cole Hontas · License #License(s): CA: 02202364
(818) 212-2783
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 12:34PM
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
Investment Insights
Based on property information with market context.
This 16-unit apartment property in Valley Village was built in 1955 and includes 11 two-bedroom, one-bath residences alongside 5 one-bedroom, one-bath residences. The building has completed its earthquake retrofit and provides 17 on-site parking spaces, on-site laundry, and a pool.
The property is positioned in Valley Village near the Studio City, Sherman Oaks, and North Hollywood employment and retail corridors. Its location combines an established residential setting with access to surrounding commercial areas. The unit configuration, shared amenities, and completed retrofit provide a clear overview of the existing improvements for prospective ownership review.
The property is positioned in Valley Village near the Studio City, Sherman Oaks, and North Hollywood employment and retail corridors. Its location combines an established residential setting with access to surrounding commercial areas. The unit configuration, shared amenities, and completed retrofit provide a clear overview of the existing improvements for prospective ownership review.
Key Highlights
- 16 units with 11 two‑bedroom/one‑bath and 5 one‑bedroom/one‑bath residences
- Built in 1955 with completed earthquake retrofit
- 17 on‑site parking spaces
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
$209,647
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
6.23%
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%
$4,192,940
$4.2M
Cap Rate 7%
$2,994,957
$3.0M
Cap Rate 9%
$2,329,411
$2.3M
Market Conditions
NOI Build-Up for 13,029 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
$414.3K $31.80/SF
− Vacancy
−$33.1K −$2.54/SF
EGI
$381.2K $29.26/SF
− OpEx
−$171.5K −$13.17/SF
NOI
$209.6K $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 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%
$4,192,940
Cap Rate 7%
$2,994,957
Cap Rate 9%
$2,329,411
Alternative Uses
Best Use
Apartment 5plus
$2.99M
$2.62M – $3.49M
NOI $209,647 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.98M
$6.10M – $8.14M
NOI $488,297 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 91607, CA
30,502
Population
14,597
Households
2.1
Avg Household Size
38
Median Age
52%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
12,201
Density / Sq Mi
$84,925
Median Household Income
$50,970
Median Earnings
$1,998
Median Rent
$1,019,300
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 - Vintage multifamily property with a varied unit mix, completed earthquake retrofit, pool, laundry, and on-site parking.
Where is this apartment building located?
The property is located at 5643 Laurel Canyon Blvd Valley Village, CA.
What is the asking price?
The asking price for this property is $3,365,000.
What are key features of this property?
This property features: 16 units with 11 two‑bedroom/one‑bath and 5 one‑bedroom/one‑bath residences; Built in 1955 with completed earthquake retrofit; 17 on‑site parking spaces
