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.
MLS #
CRPV24069336
MLS Source
California Regional MLS
Days on Site
38
Buyer's Brokerage Compensation*
2.50
Appliances
Dishwasher, Garbage Disposal, Other, Oven - Gas, Oven Range - Gas
Flooring
Laminate
Laundry
Community Facility
Cooling
Central Forced Air, Window/Wall Unit
Heating
Fireplace, Wall Furnace
Foundation
Slab
Style
Contemporary
Garage/Parking
Assigned Spaces, Garage: 6 Car(s)
HOA Fee
$0
Listing Agent
Frank Ponce
Coldwell Banker Realty
License #: 00861049
Phone: (310) 791-6017
Co-Listing Agent
Viktorie Miksatkova
License #: 02126640
Phone: (424) 301-0075
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 10 | – |
5236 Kester Ave is a Residential Income in Sherman Oaks, CA 91411. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,495,000 and was built in 1964.
This address can also be written as 5236 Kester Ave, Sherman Oaks, CA 91411.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 08, 2024. For the most current information, please contact Frank Ponce, (310) 791-6017