Active
5236 Kester Avenue 6
Sherman Oaks CA, 91411
$3,190,000
$339.04 per sqft
Active
9,409 sqft
Commercial
Built in 1964
Listed by Frank Ponce with Coldwell Banker Realty 310-503-4158
Discover an extraordinary investment opportunity in the heart of Sherman Oaks! This 10-unit apartment complex, nestled just half a block from the vibrant shopping and dining scene on Magnolia Boulevard, offers a blend of luxury and convenience. With spacious, townhouse-style units provide a comfortable living experience for tenants. This desirable rental area is located in one of Sherman Oaks' most sought-after rental neighborhoods, this property boasts a consistently low vacancy ratio. Offering tenant comfort as residents enjoy air conditioning, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the property's value. On-site tuck-under parking and shared laundry facilities add convenience and gated property. A true hidden gem tucked behind gates, this building offers a sense of exclusivity in a coveted neighborhood. Investment potential: With over 43.67% potential upside in rent, this property presents a compelling reposition opportunity. Don't miss out on this chance to invest in a thriving area with strong income potential.
PV24209584
MLSⓇ ID
October 9, 2024
Listed
December 19, 2024
Updated
Map
5236 Kester Avenue 6
Sherman Oaks CA, 91411
Interior Features
Total Stories
2
Laundry Description
Common Area, In Garage
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
0-1 Unit/Acre, Sprinklers In Front, Landscaped, Walkstreet
Roof
Asphalt
Other Property Details
Area Name
SO - Sherman Oaks
Days on Market
62
Garage
No
Parking Total
12
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/10/2024 | Price change | $3,190,000 -7% |
Listing Contact: 310-378-5201
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. 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.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/19/2024 at 6:42 AM UTC