5236 Kester Avenue

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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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Thank you for your interest in 5236 Kester Avenue, Sherman Oaks, CA 91411. We are reviewing your request and will be in touch shortly!

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

Features & Amenities

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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: $3,495,000

Zoning: LAR3

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PRICE: $3,495,000

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