$3,425,000
- Beds
- Unknown
- sq ft
- 9,409
5236 Kester Ave, Sherman Oaks, CA 91411
5236 Kester Ave
Sherman Oaks, CA 91411
- 174 days on market
- Price drop $70,000↓
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.
Details
Property type
Apartment
Lot size
0.288 acres
Price per sq ft
$365
Year built
1964
Price History
05/22/2024
CRMLS #PV24069336
Price change
$3,425,000
-2%
04/08/2024
CRMLS #PV24069336
Listed
$3,495,000
+2.79%
03/18/2021
CRMLS #SB21001287
Sold
$3,400,000
Schools & Community
Neighborhood:
Sherman Oaks
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated, Curbs, Street Lights, Sidewalks
Community features:
Gated, Curbs, Street Lights, Sidewalks
Status: Active
Tomo last checked: 09/28/2024 at 7:25 PM
Listing updated: 06/17/2024 at 8:13 AM
Listed by: Frank Ponce, Coldwell Banker Realty Phone #: (310) 378-5201
MLS: CRMLS #PV24069336
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