tomo logo

$3,190,000

Beds
Unknown
sq ft
Unknown

5236 Kester Ave, Sherman Oaks, CA 91411

5236 Kester Ave

Sherman Oaks, CA 91411

  • 74 days on market
    • Price drop $235,000↓
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

Unknown

Year built

1964

HOA

No

Price History

12/10/2024
CRMLS

CRMLS #PV24209545

Price change
$3,190,000
-6.86%
10/09/2024
CRMLS

CRMLS #PV24069336

Removed
$3,425,000
10/09/2024
CRMLS

CRMLS #PV24209545

Listed
$3,425,000

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Park, Street Lights, Sidewalks

Status: Active

Tomo last checked: 12/22/2024 at 8:05 AM

Listing updated: 12/18/2024 at 9:55 PM

Listed by: Frank Ponce, Coldwell Banker Realty Phone #: (310) 378-5201

MLS: CRMLS #PV24209545

CRMLS logo

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