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13846 Moorpark St 4 Unit Apartment Building Offered at $3,596,000 at a 4.90% Cap Rate Sherman Oaks, CA 91423



Investment Highlights
- Perfect Owner/User or Investment Opportunity
- Excellent Unit Mix of all Three Bedroom/Two Bath Units
- Spacious Units, Approximately 1,500 SF Each
- New Construction in Prime Sherman Oaks- Walking Distance to Ventura Blvd
- In-Unit Washer & Dryer, Central AC & Heat, High Ceilings, Balcony
- Gated & Covered Ground Level Parking with Elevator access to Units
Executive Summary
Perfect Owner/User or Investment Opportunity....New construction in prime Sherman Oaks, this boutique 4-unit apartment building offers a rare opportunity to acquire a 2024 built multifamily asset in one of the San Fernando Valley's most desirable rental markets. Ideally located within walking distance of Ventura Boulevard's restaurants, coffee shops, retail, and everyday conveniences, the property combines modern design, strong tenant appeal, and an exceptional walkable location.Each spacious residence features a three-bedroom, two-bath floor plan with high ceilings, an open-concept living area, and a well-appointed kitchen designed for today's renters. In-unit washer and dryer, central AC & Heat with Google Nest, generous room sizes, cozy balcony and contemporary finishes enhance comfort and convenience, while the efficient layouts create a bright, functional living environment. Each unit is approximately 1,500 SF. The building includes a security camera system and gated ground-level covered parking with elevator access to the residential units, providing a level of convenience and privacy rarely found in smaller multifamily properties. With newer construction, desirable unit mix, premium amenities, and a coveted Sherman Oaks location near Ventura Boulevard, this asset is well positioned for long-term ownership, strong rental demand, and lasting value. ***Property is currently vacant***
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$252,000
|
$42.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,560
|
$1.26
|
| Effective Gross Income |
$244,440
|
$40.79
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$68,130
|
$11.37
|
| Net Operating Income |
$176,310
|
$29.42
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $252,000 |
| Annual Per SF | $42.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,560 |
| Annual Per SF | $1.26 |
| Effective Gross Income | |
|---|---|
| Annual | $244,440 |
| Annual Per SF | $40.79 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $68,130 |
| Annual Per SF | $11.37 |
| Net Operating Income | |
|---|---|
| Annual | $176,310 |
| Annual Per SF | $29.42 |
Property Facts
| Price | $3,596,000 | Property Type | Multifamily |
| Price Per Unit | $899,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,992 SF |
| Cap Rate | 4.90% | No. Stories | 3 |
| Gross Rent Multiplier | 14.27 | Year Built | 2024 |
| No. Units | 4 | ||
| Zoning | LAR3 | ||
| Price | $3,596,000 |
| Price Per Unit | $899,000 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 5,992 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $5,250 | 1,500 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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Contact the Sale Advisor
13846 Moorpark St
