13506 Rye St Sherman Oaks, CA 91423-3103
Property profile & analytics
13506 Rye St Sherman Oaks, CA 91423-3103
- Apartment buildings
- 11,156 SF
- 0.30 lot acres
Property ID
US09-9510376
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 13506 Rye St
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.30 lot acres
- Property size
- 11,156 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2360-014-026
- APU
- 2360014026
Description
This 14-unit apartment building in Sherman Oaks, CA offers a compelling investment opportunity. Built in 1959, the property boasts 11,156 square feet on a 13,107 sq ft lot, with a mix of studio, one-, two-, and three-bedroom units featuring modern appliances and finishes. The building benefits from a 100% occupancy rate, generating a NOI of $210,386 and a 4.25% cap rate (4.79% pro-forma). Recent improvements include a completed soft-story retrofit, new exterior paint, new windows, and new front entry doors. The property also features a vibrant courtyard with a picnic area, on-site laundry facilities, and is master-metered for gas and individually metered for electricity. Its prime Sherman Oaks location, close to Ventura Boulevard, the Sherman Oaks Galleria, and major freeways, adds significant value. The property is zoned LAR3 and has copper plumbing (buyer to verify). The potential to add an ADU further enhances its investment potential. This well-maintained building presents a strong return on investment in a highly desirable location. The asking price is $4,950,000, or $353,571 per unit.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,565,000
- ML approach
- $4,535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,990,000
- 6.5%
- $2,760,000
- 7%
- $2,565,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,977,000
Market price range: $2.45M - $4.98M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,630,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,790,000 Change: +87% Conversion: Difficult
- RESTAURANT
- $6,245,000 Change: +72% Conversion: Difficult
- RETAIL STORES
- $5,935,000 Change: +64% Conversion: Difficult
- MEDICAL BUILDING
- $5,070,000 Change: +40% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,805,000 Change: +32% Conversion: Moderate
- OFFICE BUILDING
- $4,070,000 Change: +12% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Sherman Oaks
- County
- Los Angeles
- State
- California
- Longitude
- -118.427
- Latitude
- 34.151
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$60,768
$2,734,114
$2,189,816
$4,923,930
-
$0.00
$0.00
$0.00
