5236 Kester Avenue Active Save Request In-Person Tour Request Virtual Tour
Sherman Oaks,CA 91411
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV-24209584
Year Built 1964
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
Interior
Heating Wall Furnace
Cooling Wall/Window Units
Laundry Laundry Equipment Own Lease,Community,In Garage
Exterior
Utilities Available Sewer Connected,Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected
Building
Lot Description Sprinklers In Front,Walkstreet,Landscaped,0-1 Unit/Acre