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Multifamily

5344 Circle Dr

5344 Circle Dr, Sherman Oaks, CA 91401

Listing Price: $12,900,000

Cap Rate
4.16%
Number of Units
40
Occupancy
97.0%
Price/Unit
$322,500
Price/Gross SF
$439.58
Gross SF
29,346

Investment Overview

We are pleased to present a rare opportunity to own a larger, well-located asset that that is not subject to LA City Rent Control (Only subject to CA Rent Control, AB 1482). The property has been in the same family over 35 years and presents an excellent value-add opportunity. The property has a unique unit mix of almost all OneBedroom/One and a Half bath Townhouse Style units that feature fireplaces in the living room and the upstairs bedroom. All units feature Central A/C & Heat, dishwasher and a spacious walk-in closet. The property also has a pool, nicely landscaped entrance, intercom entry, on-site laundry and gated subterranean parking (61 Spaces). ***Currently, there are 7 vacant units, one of which is rent ready. The other 6 vacant units are not rent ready and need to be rehabbed. Please contact list agent for detailsand photos***

Investment Highlights

  • Excellent Sherman Oaks Location
  • Built in 1983 - No LA City Rent Control
  • Desirable Loft Style Units with Fireplaces
  • Central AC & Heat
  • Plenty of Subterranean Parking - 61 Spaces
  • Value Add Opportunity - Currently 7 Vacancies

Exclusively Listed By

Multifamily

5344 Circle Dr

Listing Price: $12,900,000

Cap Rate
4.16%
Number of Units
40
Occupancy
97.0%
Price/Unit
$322,500
Price/Gross SF
$439.58
Gross SF
29,346

Investment Highlights

  • Excellent Sherman Oaks Location
  • Built in 1983 - No LA City Rent Control
  • Desirable Loft Style Units with Fireplaces
  • Central AC & Heat
  • Plenty of Subterranean Parking - 61 Spaces
  • Value Add Opportunity - Currently 7 Vacancies

Investment Overview

We are pleased to present a rare opportunity to own a larger, well-located asset that that is not subject to LA City Rent Control (Only subject to CA Rent Control, AB 1482). The property has been in the same family over 35 years and presents an excellent value-add opportunity. The property has a unique unit mix of almost all OneBedroom/One and a Half bath Townhouse Style units that feature fireplaces in the living room and the upstairs bedroom. All units feature Central A/C & Heat, dishwasher and a spacious walk-in closet. The property also has a pool, nicely landscaped entrance, intercom entry, on-site laundry and gated subterranean parking (61 Spaces). ***Currently, there are 7 vacant units, one of which is rent ready. The other 6 vacant units are not rent ready and need to be rehabbed. Please contact list agent for detailsand photos***

Exclusively Listed By

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