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Listed by Frank Ponce • Coldwell Banker Realty
$ 3,190,000
Est. payment /mo
Price Dropped by $235K
5236 Kester Avenue Sherman Oaks, CA 91411
UPDATED:
12/17/2024 09:18 PM
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