Remodeled Two-Unit
5919 Cedros, Sherman Oaks, CA 91411
For Sale
$999,000
Both residences are leased and include two bedrooms, one bathroom, and central air and heat.
Property Size1,835 SF
Price / SF$544.41
Days on Market113
Property Features for 5919 Cedros
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Berkshire Hathaway HomeServices California Propert
Listed By:
Mario Acosta · License CA #01328908
(818) 528-3200
Source:
Donhellergroup
Added: Jul 21
Changed: Nov 7
Last Checked: Nov 9 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Propert
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Investment Insights
Based on property information with market context.
This 1,835-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Interior renovations completed in 2013 included updated kitchens and bathrooms, refinished wood floors, newer windows, and new vinyl flooring in kitchen, bath, and laundry areas. Both units have central air and heat, and the composition roof was replaced in 2024. One residence has use of a detached two-car garage; additional exterior parking is available. The property also includes a rear yard and a landscaped private yard at the front residence.
Both units are currently rented. The property is on Cedros Avenue in Sherman Oaks, on a tree-lined street among small income properties and single-family homes. The lot may accommodate ADU or Jr. ADU options, or other development subject to verification of zoning, permits, unit count, feasibility, and City requirements.
Both units are currently rented. The property is on Cedros Avenue in Sherman Oaks, on a tree-lined street among small income properties and single-family homes. The lot may accommodate ADU or Jr. ADU options, or other development subject to verification of zoning, permits, unit count, feasibility, and City requirements.
Key Highlights
- Two‑unit property totaling 1,835 square feet
- Each unit has 2 bedrooms, 1 bathroom, central air and heat
- Interior remodeling completed in 2013; composition roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,046
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,920
$640.9K
Cap Rate 7%
$457,800
$457.8K
Cap Rate 9%
$356,067
$356.1K
Market Conditions
NOI Build-Up for 1,835 SF
Gross rent
$49.5K $27.00/SF
− Vacancy
−$3.8K −$2.05/SF
EGI
$45.8K $24.95/SF
− OpEx
−$13.7K −$7.48/SF
NOI
$32.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,920
Cap Rate 7%
$457,800
Cap Rate 9%
$356,067
Alternative Uses
Best Use
Multifamily LT 5
$457.8K
$400.6K – $534.1K
NOI $32,046 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,527 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$982.5K
$859.7K – $1.15M
NOI $68,772 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,237
Businesses Nearby
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Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles County, CA
Properties on Market for Duplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include two bedrooms, one bathroom, and central air and heat.
Where is this duplex located?
The property is located at 5919 Cedros Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,835 square feet; Each unit has 2 bedrooms, 1 bathroom, central air and heat; Interior remodeling completed in 2013; composition roof replaced in 2024
