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

  5236 Kester Avenue Sherman Oaks, CA 91411

Active (94 Days)


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 #:
Lot Size
0.29 acres
Year Built
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)
  • 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
  • Private
  • Paved
  • On Site
  • Driveway
  • Covered
  • Carport
  • Assigned
  • Asphalt
  • 2
Additional Information: Palos Verdes Beach Cities | 310-503-4158
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Listing Price History

% Change
$ (+/-)
Apr 15, 2023
Price Changed
Mar 07, 2023
Original Price
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.