5236 Kester Avenue
Sherman Oaks, CA, 91411
$2,900,000
Beds
0 Baths
SqFt
0.29 Acres
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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&#39'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&#39'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.

Property Details

Price:
$2,900,000
MLS #:
PV25148646
Status:
Active
Baths:
0
Address:
5236 Kester Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
soshermanoaks
City:
Sherman Oaks
Listed Date:
Jul 9, 2025
State:
CA
ZIP:
91411
Lot Size:
12,545 sqft / 0.29 acres (approx)
Year Built:
1964
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Schools

Interior

Accessibility Features
None
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Refrigerator
Cooling
Central Air, Gas
Fireplace Features
Family Room
Flooring
Laminate, Vinyl
Heating
Wall Furnace

Exterior

Community Features
Biking, Curbs, Sidewalks, Valley
Electric
220 Volts
Fencing
Chain Link, Redwood, Wrought Iron
Foundation Details
Concrete Perimeter, Seismic Tie Down, Slab
Garage Spaces
6.00
Lot Features
0-1 Unit/ Acre, Sprinklers In Front
Parking Features
Assigned, Covered, Asphalt, Paved, Gated, Off Street, On Site, Private
Parking Spots
6.00
Pool Features
None
Roof
Asphalt
Security Features
Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Cable T V, Telephone
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Map

Community

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5236 Kester Avenue
Sherman Oaks, CA