5236 Kester AVE #6 Active Save Request In-Person Tour Request Virtual Tour
Sherman Oaks,CA 91411
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV24209584
HOA Y/N No
Year Built 1964
Lot Size 0.288 Acres
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)
Fireplace No
Laundry Common Area,In Garage
Exterior
Carport Spaces 6
Fence Wrought Iron
Community Features Gated
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Roof Type Asphalt
Total Parking Spaces 12
Building
Lot Description 0-1 Unit/Acre,Sprinklers In Front,Landscaped,Walkstreet
Story 2
Water Public
Others
Tax ID 2249022020
Security Features Gated Community
Acceptable Financing Contract,Owner May Carry
Listing Terms Contract,Owner May Carry
Special Listing Condition Standard
Lease Land No