Sherman Oaks, CA 91411,5236 Kester Avenue
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$3,190,000
Est. payment /mo
3 Beds
3 Baths
0.29 Acres Lot
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UPDATED:

12/17/2024 07:18 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV24209545

Bedrooms 3

HOA Y/N No

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 propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential.
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 propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential.

Location

State CA

County Los Angeles

Area Van Nuys (91411)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Exterior Feature Block, Stucco

Parking Features Unit1:Assigned

Building

Lot Description Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $129

Acceptable Financing Conventional, Land Contract, Seller May Carry

Space Rent $1,969

Listing Terms Conventional, Land Contract, Seller May Carry


Read Less Info
San Diego Regional MLS (SDMLS)
Listed by Frank Ponce • Coldwell Banker Realty

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5236 Kester Avenue