5236 Kester Avenue
Sherman Oaks, CA 91411
0.29 acres | #PV24209545
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.
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- FoundationConcretePerimeter, Slab, TieDown
- Lot DescriptionZeroToOneUnitAcre, Landscaped
- InteriorAllBedroomsDown
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$3,425,000
- MLS #PV24209545
- MLS #PV24209545
- Property SubtypeApartment
- Cost3190000
- Utility SourcePublic
- Acres0.288
- Year Built1964
- Stories2
- Parking Spaces6
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Frank Ponce (#VPONCFRA)
Listing Office: Coldwell Banker Realty (#V7151)
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