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.
Property Details
Price:
$3,190,000
MLS #:
PV24209545
Status:
Active
Baths:
0
Address:
5236 Kester Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
soshermanoaks
City:
Sherman Oaks
Listed Date:
Oct 9, 2024
State:
CA
ZIP:
91411
Lot Size:
12,545 sqft / 0.29 acres (approx)
Year Built:
1964
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Refrigerator
Cooling
Wall/ Window Unit(s)
Fireplace Features
Family Room, Gas
Flooring
Laminate, Vinyl
Heating
Wall Furnace
Exterior
Community Features
Biking, Park, Sidewalks, Street Lights, Urban, Valley
Electric
220 Volts
Fencing
Wrought Iron
Foundation Details
Concrete Perimeter, Seismic Tie Down, Slab
Garage Spaces
6.00
Lot Features
0-1 Unit/ Acre, Landscaped
Parking Features
Assigned
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
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Map
Community
- Address5236 Kester Avenue Sherman Oaks CA
- AreaSO – Sherman Oaks
- CitySherman Oaks
- CountyLos Angeles
- Zip Code91411
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5236 Kester Avenue
Sherman Oaks, CA
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