Homes for sale - 5236 Kester AVE #6, Sherman Oaks, CA 91411

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 3,190,000

Est. payment -/mo

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Price Dropped by $235K

5236 Kester AVE #6 Sherman Oaks, CA 91411

9,409 SqFt

UPDATED:

12/17/2024 06:03 PM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,409 sqft

Price per Sqft $339

MLS Listing ID PV24209584

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Acres 0.288

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

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Laundry Community, In Garage

Exterior

Fence Wrought Iron

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description 0-1 Unit/Acre, Landscaped, Sprinklers In Front, Walkstreet

Story 2

Water Public

Others

Security Features Gated Community

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Confidential INFO

TERMS Contract,Owner May Carry

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS DO NOT walk property or disturb tenants. Please submit POF for a full tour of the property. Contact agent for showing.

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS DO NOT walk property or disturb tenants. Please submit POF for a full tour of the property. Contact agent for showing.

Listed by Coldwell Banker Realty

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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