5358 Circle Dr 12 Unit Apartment Building $3,500,000 ($291,667/Unit) 5.95% Cap Rate Sherman Oaks, CA 91401

Welcome to 5358 Circle Drive, a well-maintained 12-unit apartment complex ideally located in the heart of Sherman Oaks, one of the San Fernando Valley’s most desirable rental markets. Built in 1980, this two-story, garden-style building features a mix of two (2) two-bedroom, one-bath units and ten (10) one-bedroom, one-bath units, offering a balanced blend of comfort and investment stability.
The property has undergone extensive recent renovations. Six of the twelve units—Units 102, 103, 202, 203, 204, and 206—have been extensively remodeled with new flooring, new kitchens featuring modern cabinets, stainless-steel appliances, and updated lighting throughout.
Major capital improvements have been completed across the complex, including:
• New HVAC systems (heating and air conditioning) installed in six of the twelve units
• All-new double-pane windows throughout the building
• State-of-the-art ButterflyMX security access system at the main entrance
• Extensive security camera installation covering common areas
• New wrought-iron perimeter fencing for enhanced privacy and safety
• Fully renovated laundry room with two brand-new washers and dryers
• Upgraded electrical panels in all 12 units
Currently, five units are vacant, with one rent ready and four in various stages of renovation, providing an investor with the flexibility to complete remaining upgrades to their own specifications and select tenants at market rents.
Importantly, because the property was constructed in 1980, it is exempt from L.A. County rent control, allowing for greater operational flexibility and long-term income growth.
With a combination of strategic upgrades, ideal unit mix, and location appeal, 5358 Circle Drive offers investors a prime opportunity to acquire a value-add multifamily asset with strong cash flow and future upside potential.
NOI is Prof Forma
OM available upon request.