Six-Unit Apartment
For Sale
$1,595,000
5707 Tilden Ave, Sherman Oaks, CA 91401
Multifamily property with storage units and architectural plans for two potential ADUs.
Property Size4,618 SF
Price / SF$345.39
Days on Market398
Property Features for 5707 Tilden Ave
General Information
Standard status
Active
Size
4,618 SF
Property subtype
Residential Income
Additional Details
Cap Rate
6.58%
Multifamily Units
6
Listing Agency:
Marcus & Millichap
(213) 943-1855
Listed By:
Roderick 'Rick' Raymundo · License #(S):CA:01357019
(213) 943-1855
Source:
Exprealty
Added: Jul 30, 2025
Changed: Aug 30
Last Checked: Aug 31 at 7:57PM
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 six-unit apartment building in Sherman Oaks includes apartment residences and storage units that contribute additional rental income. Architectural plans are available for two potential ADUs, subject to applicable review and verification. The property carries a 6.58% in-place cap rate.
The building is near Van Nuys Boulevard and Burbank Boulevard, with access to Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are within a short drive, Westfield Fashion Square is 1.7 miles away, and Ventura Boulevard’s boutiques and dining are less than two miles south. The property does not appear on the Los Angeles Department of Building & Safety seismic retrofit list; buyer to verify.
The building is near Van Nuys Boulevard and Burbank Boulevard, with access to Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are within a short drive, Westfield Fashion Square is 1.7 miles away, and Ventura Boulevard’s boutiques and dining are less than two miles south. The property does not appear on the Los Angeles Department of Building & Safety seismic retrofit list; buyer to verify.
Key Highlights
- Six‑unit multifamily apartment building in Sherman Oaks
- 6.58% in‑place cap rate
- Storage units provide an additional rental‑income component
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
$74,307
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
4.66%
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%
$1,486,140
$1.5M
Cap Rate 7%
$1,061,529
$1.1M
Cap Rate 9%
$825,633
$825.6K
Market Conditions
NOI Build-Up for 4,618 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
$146.9K $31.80/SF
− Vacancy
−$11.7K −$2.54/SF
EGI
$135.1K $29.26/SF
− OpEx
−$60.8K −$13.17/SF
NOI
$74.3K $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%
$1,486,140
Cap Rate 7%
$1,061,529
Cap Rate 9%
$825,633
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$928.8K – $1.24M
NOI $74,307 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $173,072 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
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 - Multifamily property with storage units and architectural plans for two potential ADUs.
Where is this apartment building located?
The property is located at 5707 Tilden Ave Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Six‑unit multifamily apartment building in Sherman Oaks; 6.58% in‑place cap rate; Storage units provide an additional rental‑income component
