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4931 Coldwater Canyon Ave 12 Unit Apartment Building $4,000,000 ($333,333/Unit) 5.82% Cap Rate Van Nuys, CA 91423
Investment Highlights
- Pride of ownership 12 unit building in Sherman Oaks
- Upside in existing rents
- 2 parking spots per unit
- Exceptional unit mix of (8) 2 + 1.5 bath townhouse units and (4) 1 + 1 loft units
- Newer roof, tankless water heater, copper plumbing, security building, washer and dryers in each unit, fireplaces, and central HVAC units
- Prime Sherman Oaks location. Walking distance to Whole Foods and close to Ventura Blvd restaurants and shopping
Executive Summary
Equity Union Commercial is proud to represent this 12-unit apartment building in Sherman Oaks.
The property was constructed in 1971. Its unit mix consists of (4) 1+1 loft units and (8) 2+1.5 units, all of which are townhouses. With a lot size of 13,231 square feet, the property has a total of 13,136 rentable square feet.
The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.
The property was constructed in 1971. Its unit mix consists of (4) 1+1 loft units and (8) 2+1.5 units, all of which are townhouses. With a lot size of 13,231 square feet, the property has a total of 13,136 rentable square feet.
The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $333,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 5.82% | Building Size | 13,136 SF |
| Gross Rent Multiplier | 11.04 | Average Occupancy | 97% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $4,000,000 |
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Gross Rent Multiplier | 11.04 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,136 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1.5 | 8 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2358-022-020 | Improvements Assessment | $1,310,358 |
| Land Assessment | $705,566 | Total Assessment | $2,015,924 |
Property Taxes
Parcel Number
2358-022-020
Land Assessment
$705,566
Improvements Assessment
$1,310,358
Total Assessment
$2,015,924
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4931 Coldwater Canyon Ave
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