5344 Circle Drive

Sherman Oaks, CA, 91401

$12,900,000

$439 per ft²
$12,900,000
$439 per ft²
Active
Active
 - For Sale
beds
41 Beds
baths
80 Baths
carpenters-square
29,346 ft²
property_type
Multi-family
calendar
Built 1983
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 One Bedroom/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 details and photos***
MLS® ID:
23232011
Listed:
1/10/23
Updated:
2/3/23

Interior Features

Total Bedrooms
41
Total Bathrooms
80
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.64 acres lot

Other Property Details

Area Name
SO - Sherman Oaks
Garage
No
Parking
Underground, Gated
Parking Total
61.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LARD1.5
Buyer Agency Compensation
1.750

Courtesy of Brett Sanson, Marcus & Millichap, CA DRE

Listing Contact:  

Based on information from the CRISNet MLS as of 2/3/23, 12:27 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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