For Sale
5236 Kester Avenue, Sherman Oaks, CA 91411
  • $3,599,000
  • $383


Property ID: HZ4992775
  • Residential Income
  • Property Type
  • 10.00
  • Garages
  • 1964
  • Year Built


Seller will consider seller finance. 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 46% 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.

  • Address 5236 Kester Avenue
  • City Sherman Oaks
  • State/county CA
  • Zip/Postal Code 91411
  • Area SO - Sherman Oaks
  • Country United States


Updated on May 28, 2023 at 12:25 am
  • Property ID: HZ4992775
  • Price: $3,599,000
  • Land Area: 12541.00 Sqft
  • Garages: 10.00
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 9409.00
  • Living Area Prefix: Sqft
  • MLS#: PV23038507
  • Agent Name: Frank Ponce
  • MLS Status: Active
  • Co-Office Name: Coldwell Banker Residential Br
  • Co-Agent Name: Anna Khomut
  • Agent State License: 00861049
  • Co-Agent State License: 01962287
  • IDX Contact Info: 310-503-4158

Additional details

  • Roof: Asphalt
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Fireplace(s),Natural Gas,Wall Furnace
  • Flooring: Wood
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 10.00
  • Water Source: Public

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