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4909 Coldwater Canyon Ave 6 Unit Apartment Building $1,699,000 ($283,167/Unit) 4.28% Cap Rate Sherman Oaks, CA 91423
Executive Summary
4909 Coldwater Canyon Avenue presents a premier investment opportunity to acquire a well-maintained 6-unit multifamily asset in the heart of Sherman Oaks, one of the San Fernando Valley’s most resilient and high-demand rental submarkets. Comprising a strategic mix of four spacious one-bedroom/one-bathroom units and two large two bedroom/one-bathroom units, the property offers a classic aesthetic paired with functional layouts that consistently outperform high-density modern developments in tenant retention.
Sherman Oaks continues to lead the San Fernando Valley in stability, characterized by tight inventory and a steady influx of high-income professionals. While the broader Los Angeles market has seen fluctuations, the 91423 zip code remains a “top choice” for families and commuters.
Sherman Oaks continues to lead the San Fernando Valley in stability, characterized by tight inventory and a steady influx of high-income professionals. While the broader Los Angeles market has seen fluctuations, the 91423 zip code remains a “top choice” for families and commuters.
Property Facts In Escrow
| Price | $1,699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.28% | Building Size | 5,412 SF |
| Gross Rent Multiplier | 15.8 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $1,699,000 |
| Price Per Unit | $283,167 |
| Sale Type | Investment |
| Cap Rate | 4.28% |
| Gross Rent Multiplier | 15.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,412 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Heating
- Hardwood Floors
- Range
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,106 |
| 1+1 | 4 | - | 800 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2358-022-008 | Improvements Assessment | $522,260 |
| Land Assessment | $1,276,642 | Total Assessment | $1,798,902 |
Property Taxes
Parcel Number
2358-022-008
Land Assessment
$1,276,642
Improvements Assessment
$522,260
Total Assessment
$1,798,902
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4909 Coldwater Canyon Ave
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