5236 Kester Avenue, Sherman Oaks CA, 91411

Active

5236 Kester Avenue

Sherman Oaks CA, 91411

$3,495,000

$371.45 per sqft

Active

9,409 sqft

Condo

Built in 1964

Listed by Frank Ponce with Coldwell Banker Realty 310-378-5201

This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy air conditioning, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 43.67% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in Sherman Oaks California.

PV24069336

MLSⓇ ID

April 8, 2024

Listed

April 9, 2024

Updated

Map

5236 Kester Avenue
Sherman Oaks CA, 91411

Interior Features

Total Stories: 2
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range
Laundry Description: Common Area, In Garage
Floor Description: Laminate, Vinyl
Fireplace: Yes
Fireplace Description: Living Room
Cooling: Yes
Cooling Description: Central Air, Wall/Window Unit(s)
Heating: Yes
Heating Description: Fireplace(s), Wall Furnace

Exterior/Building Features

Lot Size: 0.29 Acres
Lot Features: 0-1 Unit/Acre, Sprinklers In Front, Landscaped
Architectual Style: Contemporary
Roof: Asphalt
Sewer: Public Sewer

Other Property Details

Area Name: SO - Sherman Oaks
Garage: Yes
Garage Spaces: 6
Parking: Assigned
Parking Total: 12
View: No
View Description: None
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LAR3
Buyer Agency Compensation: 2.5%

Listing Contact: 310-378-5201

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/9/2024 at 3:44 AM UTC