Listing Courtesy of: CRMLS / Palos Verdes Beach Cities / Frank Ponce - 310-503-4158

$3,699,000

9,409

SQFT

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5236 Kester Avenue Sherman Oaks, CA 91411

Active (19 Days)

Description

This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy central air, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 46% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in Sherman Oaks California.

MLS #:
PV23038507

Lot Size
0.29 acres

Type
Multifamily

Year Built
1964

Style
Contemporary

County
Los Angeles County

Bathroom Details

Interior Features

Waterheater
Gasrange
Gasoven
Disposal
Dishwasher
Laundry: Incarport
Laundry: Commonarea
Bedroomonmainlevel

Lot Information

Streetlevel
Nearpark
Landscaped
Sprinklersinfront
Frontyard
Item01unitacre

Property Features

Fireplace: Livingroom
Fireplace: Gas
Foundation: Slab

Heating and Cooling

Wallfurnace
Naturalgas
Fireplaces
Wallwindowunits

Pool Information

None

Flooring

Wood

Exterior Features

Roof: Asphalt

Utility Information

Utilities: Water Source: Public, Waterconnected, Sewerconnected, Phoneconnected, Naturalgasconnected, Electricityconnected, Cableconnected
Sewer: Publicsewer

Parking

Private
Paved
Onsite
Driveway
Carport
Covered
Asphalt
Assigned

Stories

Additional Information: Palos Verdes Beach Cities | 310-503-4158

Location

Map View | Street View

Listing to Address

Address to Listing

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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.