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13520 Rye St 6 Unit Apartment Building $2,738,736 CAD ($456,456 CAD/Unit) 4.70% Cap Rate Sherman Oaks, CA 91423
Investment Highlights
- Centralized location - near Ventura Blvd.
- Minutes away from Westfield Fashion Square
- Units feature great open floorplan
- Rare opportunity in ideal neighborhood
Executive Summary
The Rye Apartments is located in Sherman Oaks, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the stores and eateries located at the Westfield Fashion Square. It is also ideally situated near major freeways, making it a quick drive to neighboring cities like Encino, Studio City and Burbank. The apartment complex has 6 units in total and consists of one 3 bedroom 2 bathroom unit and five 1 bedroom 1 bathroom units. There have been various upgrades made throughout some of the units. The unit floor plans are open and spacious, making optimal use of the square footage. Not only does this building have major upside potential, but its location makes it a premier asset for investors in today’s market.
Data Room Click Here to Access
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$193,524
|
$38.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,524
|
$38.72
|
| Taxes |
$32,855
|
$6.57
|
| Operating Expenses |
$31,957
|
$6.39
|
| Total Expenses |
$64,813
|
$12.97
|
| Net Operating Income |
$128,711
|
$25.75
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $193,524 |
| Annual Per SF | $38.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $193,524 |
| Annual Per SF | $38.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,855 |
| Annual Per SF | $6.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,957 |
| Annual Per SF | $6.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,813 |
| Annual Per SF | $12.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $128,711 |
| Annual Per SF | $25.75 |
Property Facts
| Price | $2,738,736 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $456,456 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.70% | Building Size | 4,998 SF |
| Gross Rent Multiplier | 14.15 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Sherman Oaks - restricted Density Multiple Dwelling | ||
| Price | $2,738,736 CAD |
| Price Per Unit | $456,456 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.15 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,998 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Sherman Oaks - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,194 CAD | 500 - 1,000 |
| 3+2 | 1 | $4,112 CAD | 500 - 1,000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2360-014-009 | Total Assessment | $2,432,070 CAD (2025) |
| Land Assessment | $1,783,153 CAD (2025) | Annual Taxes | $32,855 CAD ($6.57 CAD/SF) |
| Improvements Assessment | $648,917 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2360-014-009
Land Assessment
$1,783,153 CAD (2025)
Improvements Assessment
$648,917 CAD (2025)
Total Assessment
$2,432,070 CAD (2025)
Annual Taxes
$32,855 CAD ($6.57 CAD/SF)
Tax Year
2026
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13520 Rye St
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