Sherman Oaks Mixed-Use
For Sale
Contact for pricing
13257-13259 Moorpark St, Los Angeles, CA 91423
Mixed-use building in Sherman Oaks with residential and commercial spaces.
Property Size10,700 SF
Price / SF$420.56
Days on Market711
Property Features for 13257-13259 Moorpark St
General Information
Standard status
Active
Size
10,700 SF
Class
C
Property subtype
Office
Zoning
C2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1946
Stories
3
Listing Agency:
illi Commercial Real Estate
Listed By:
Marketing Department · License #CA 01834124
Source:
Crexi
Added: Sep 19, 2024
Changed: Aug 14
Last Checked: Aug 28 at 11:36PM
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 illi Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Sherman Oaks, 13257 Moorpark Street is a mixed-use building offering versatile space. The building is approximately 10,700 square feet and features two large apartments with well-appointed bedrooms on the 2nd and 3rd floors, along with multiple offices on the 1st and 2nd floors. The property benefits from excellent signage opportunities and a prominent street presence, enhancing visibility. Situated next to M. Street Coffee Shop and surrounded by high-end condos, apartments, and multi-million dollar homes, the location ensures steady foot traffic and high visibility. The mix of residential and commercial spaces allows for diverse rental income, appealing to both long-term and short-term tenants. Sherman Oaks is known for its affluent community and thriving economy.
Key Highlights
- Prime location in the highly desirable Sherman Oaks neighborhood.
- Versatile mixed‑use building with residential apartments and commercial office spaces.
- Diverse rental income potential from both residential and commercial tenants.
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
$216,675
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
4.81%
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%
$4,333,500
$4.3M
Cap Rate 7%
$3,095,357
$3.1M
Cap Rate 9%
$2,407,500
$2.4M
Market Conditions
NOI Build-Up for 10,700 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
$385.2K $36.00/SF
− Vacancy
−$38.5K −$3.60/SF
EGI
$346.7K $32.40/SF
− OpEx
−$130.0K −$12.15/SF
NOI
$216.7K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,333,500
Cap Rate 7%
$3,095,357
Cap Rate 9%
$2,407,500
Alternative Uses
Best Use
Mixed Use
$3.10M
$2.71M – $3.61M
NOI $216,675 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$216.78M
$189.68M – $252.90M
NOI $15,174,290 @ 7.0% cap · market cap 337.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 91423, CA
32,635
Population
16,678
Households
2
Avg Household Size
40
Median Age
63%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
7,960
Density / Sq Mi
$112,119
Median Household Income
$66,538
Median Earnings
$2,239
Median Rent
$1,323,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Sherman Oaks with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 13257-13259 Moorpark St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime location in the highly desirable Sherman Oaks neighborhood.; Versatile mixed‑use building with residential apartments and commercial office spaces.; Diverse rental income potential from both residential and commercial tenants.
