5236 Kester Avenue Sherman Oaks, CA 91411
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Frank Ponce - Contact:  310-503-4158

  5236 Kester Avenue Sherman Oaks, CA 91411

Active (102 Days)
$3,425,000

Description

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.

MLS #:
PV24069336
Lot Size
0.29 acres
Type
Multifamily
Year Built
1964
Style
Contemporary
County
Los Angeles County

Listed By

Frank Ponce, DRE #00861049 CA, Coldwell Banker Realty, Contact: 310-503-4158
Source
CRMLS
Last checked Jul 20 2024 at 12:34 AM GMT+0000
Bathroom Details
Interior Features
  • Dishwasher
  • Disposal
  • Gas Cooktop
  • Gas Oven
  • Laundry: Common Area
  • Gas Range
  • Laundry: In Garage
Lot Information
  • Landscaped
  • 0-1 Unit/Acre
  • Sprinklers In Front
Property Features
  • Fireplace: Living Room
  • Foundation: Slab
Heating and Cooling
  • Wall Furnace
  • Fireplace(s)
  • Wall/Window Unit(s)
  • Central Air
Flooring
  • Laminate
  • Vinyl
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Public, Natural Gas Connected, Electricity Connected, Water Connected, Cable Connected, Phone Connected, Sewer Connected
  • Sewer: Public Sewer
Parking
  • Assigned
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.500
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 22, 2024
Price Changed
$3,425,000
-2%
-70,000
Apr 08, 2024
Original Price
$3,495,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.