5236 KESTER AVE
SHERMAN OAKS, CA 91411

$3,425,000

0 Beds

0 Baths

9,409 Sq Ft

Status Active

MLS# PV24069336

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 43.67% 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.

Details for 5236 KESTER AVE

$364 / Sq Ft

12 parking spaces

Fireplace(s), Wall Furnace

56 Days on website

0.288 acres lot

Interior

Appliances

Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop

Fireplace Features

Living Room

Flooring

Laminate, Vinyl

Interior Features

Copper Plumbing Full

Laundry Features

Community, In Garage

Living Area

9,409 SqFt.

Building And Construction

Accessibility Features

Parking

Number Of Units Total

Property Sub Type

Townhouse

Property Type

Residential

Security Features

["Carbon Monoxide Detector(s)", "Fire And Smoke Detection System", "Gated Community", "Smoke Detector(s)"]

Year Built

1964

Exterior And Lot

Garage Spaces

Lot Features

0-1 Unit/Acre, Landscaped, Sprinklers In Front

Lot Size Acres

0.288

Lot Size Square Feet

12545

Lot Size Units

Square Feet

Parking Features

Assigned

Parking Total

Pool Features

["None"]

Spa Features

["None"]

Zoning

LAR3

Utilities

Cooling

["Central Air", "Wall/Window Unit(s)"]

Heating

Fireplace(s), Wall Furnace

Area And Schools

City

Sherman Oaks

Community Features

Biking, Curbs, Foothills, Sidewalks, Street Lights, Valley

County Or Parish

Los Angeles

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.