Property Photo: 5236 Kester Avenue CA 91411

Listing Courtesy of: CRMLS / Coldwell Banker Realty / Frank Ponce - 310-503-4158

$3,599,000

9,409

SQFT

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5236 Kester Avenue Sherman Oaks, CA 91411

Active (94 Days)

Description

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.

MLS #:
PV23038507

Lot Size
0.29 acres

Type
Multifamily

Year Built
1964

Style
Contemporary

County
Los Angeles County

Bathroom Details

Interior Features

Water Heater
Gas Range
Gas Oven
Disposal
Dishwasher
Laundry: In Carport
Laundry: Common Area
Bedroom on Main Level

Lot Information

Street Level
Sprinklers In Front
Near Park
Landscaped
Front Yard
0-1 Unit/Acre

Property Features

Fireplace: Gas
Fireplace: Living Room
Foundation: Slab

Heating and Cooling

Wall Furnace
Natural Gas
Fireplace(s)
Wall/Window Unit(s)

Flooring

Wood

Exterior Features

Roof: Asphalt

Utility Information

Utilities: Water Source: Public, Phone Connected, Cable Connected, Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
Sewer: Public Sewer

Parking

Private
Paved
On Site
Driveway
Covered
Carport
Assigned
Asphalt

Stories

Additional Information: Palos Verdes Beach Cities | 310-503-4158

Location

Map View | Street View

Listing to Address

Address to Listing

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Listing Price History

Date

Event

Price

% Change

$ (+/-)

Apr 15, 2023

Price Changed

$3,599,000

-3%

-100,000

Mar 07, 2023

Original Price

$3,699,000

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.