44
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$2,950,000
Est. payment /mo
0.29 Acres Lot
Price Dropped by $240K
5236 Kester AVE Sherman Oaks, CA 91411
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPV24209545
Originating Board California Regional MLS
Year Built 1964
Lot Size 0.288 Acres
Property Description
Back on Market. Buyer did not perform. 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 central air conditioning and heating, 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.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Rooms
Kitchen Dishwasher, Garbage Disposal, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry In Garage, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 13.0
Pool 31, None
View None
Roof Type 2
Building
Foundation Other, Concrete Perimeter, Concrete Slab
Water District - Public
Others
Tax ID 2249022020
Special Listing Condition Not Applicable
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Listed by Frank Ponce • Coldwell Banker Realty