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5236 Kester Avenue

PRICE: $2,900,000

5236 Kester Avenue
Sherman Oaks, CA 91411

Unlock the potential of a truly exceptional investment in the heart of Sherman Oaks. This 10-unit apartment complex is ideally positioned just steps from the bustling retail and dining corridor of Magnolia Boulevard, one of the most dynamic and desirable destinations in the San Fernando Valley. This location offers immediate access to everything today's renters desire--walkable amenities, top-rated schools, trendy cafes, fitness studios, and convenient freeway access via the 101 and 405. It's a location that commands attention and attracts high-quality, long-term tenants.
The property itself is a rare find: spacious, townhouse-style units that provide residents with the comfort and feel of a home rather than a typical apartment. These desirable layouts, coupled with features like central air and heat, hardwood floors, fireplaces, private patios, and on-site gated parking, set this asset apart from others in the market. The building has already undergone key capital improvements including a brand-new roof and completed soft-story seismic retrofitting, positioning it for long-term stability and low maintenance.
This is a true hidden gem--gated, private, and exclusive--nestled within one of the most in-demand rental pockets in Sherman Oaks. Known for its low vacancy rates and strong tenant demand, this area is a magnet for professionals and families seeking lifestyle, convenience, and comfort.
From an investment standpoint, the numbers speak for themselves: with a 43.67% potential upside in rents, this property is a prime reposition opportunity in a market where rent growth continues to climb. With limited new rental inventory in the area and increasing demand for larger, well-located units, this property stands to significantly increase cash flow post-renovation or strategic upgrades.
Whether you're looking to add a trophy asset to your portfolio or secure a high-performing investment in a blue-chip neighborhood, this Sherman Oaks multifamily offering checks all the boxes.
Opportunities like this rarely come to market. Contact us today to schedule a private tour and explore how this incredible asset can elevate your portfolio.

  • 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.

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

Associate Director

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

Features & Amenities

View additional property information below.

Interior

Laundry Room: Common Area

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
Heat Type: Wall Furnace
AIR Conditioning: Central Air
Security Features: Gated Community, Key Card Entry, Smoke Detector(s)

Area & Lot

Status: For Sale
Living Area: 9,409 Sq.Ft.
Lot Area: 0.29 Acres
MLS® ID: PV25149173
Type: Commercial
Year Built: 1964

Financial

Sales Price: $2,900,000
Maintenance Fee: $1,900/mo

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