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5236 Kester Avenue 6

PRICE: $3,425,000

5236 Kester Avenue 6
Sherman Oaks, CA 91411

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.

  • Living Area 9,409 Sq.Ft.
  • Status For Sale
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 5236 Kester Avenue 6, Sherman Oaks, CA 91411. We are reviewing your request and will be in touch shortly!
Frank Ponce

Realtor®

Phone: (310) 503-4158
Email: [email protected]

Features & Amenities

View additional property information below.

Interior

Laundry Room: In Garage

Exterior

Stories: 2
Water Source: Public
Utilites: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof: Asphalt
Lot Features: 0-1 Unit/Acre, Sprinklers In Front, Sprinklers On Side
Heat Type: Wall Furnace
AIR Conditioning: Wall/Window Unit(s)

Area & Lot

Status: For Sale
Living Area: 9,409 Sq.Ft.
Lot Area: 0.29 Acres
MLS® ID: PV24092213
Type: Commercial
Year Built: 1964

Financial

Sales Price: $3,425,000

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