5236 Kester AVE Active

Sherman Oaks,CA 91411

$ 3190000

- Bed

- Bath

- SqFt


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

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.

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 6.0

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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