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5236 Kester Avenue

PRICE: $3,425,000

5236 Kester Avenue
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, 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: Common Area, In Garage
Flooring: Laminate, Vinyl
Fireplace: Living Room
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range

Exterior

Stories: 2
Garage Space: 6.0
Water Source: Public
Utilites: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Pool: None
Roof: Asphalt
Lot Features: 0-1 Unit/Acre, Sprinklers In Front, Landscaped
Parking: Assigned
Heat Type: Fireplace(s), Wall Furnace
AIR Conditioning: Central Air, Wall/Window Unit(s)
Sewer: Public Sewer
Substructure: Slab
Disability Features: Parking
Security Features: Carbon Monoxide Detector(s), Fire Detection System, Gated Community, Smoke Detector(s)

Area & Lot

Status: For Sale
Living Area: 9,409 Sq.Ft.
Lot Area: 0.29 Acres
MLS® ID: PV24069336
Type: Condo
Year Built: 1964
Architecture Styles: Contemporary
View Description: None

Financial

Sales Price: $3,425,000
Zoning: LAR3

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