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5236 Kester Avenue

Sherman Oaks, CA 91411
  • $2,950,000
  • STATUS: ACTIVE
  • ON SITE: 159 Days
  • ID#: PV24209545
Price Reduced
UPDATED: 71 min ago
$2,950,000
  • 3
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Back on Market. Buyer did not perform. 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 central air conditioning and heating, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential. Back on Market. Buyer did not perform. 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 central air conditioning and heating, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/156560788
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5236 Kester Avenue Sherman Oaks, CA 91411

  • Price: $2,950,000
  • Status: ACTIVE
  • On Site: 159 Days
  • Updated: 71 min ago
  • ID#: PV24209545
3
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
Van Nuys (91411)
County:
Los Angeles
Area:
Van Nuys (91411)
Property Description
Back on Market. Buyer did not perform. 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 central air conditioning and heating, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential. Back on Market. Buyer did not perform. 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 central air conditioning and heating, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the propertys 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. Dont miss out on this chance to invest in a thriving area with strong income potential.
Exterior Features

Exterior BlockStucco Parking Garage Desc Unit1 Assigned Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1

Property Features

Actual Cap Rate 5.37 Annual Expense Actual 61947 Assessments N/K Buildings 1 Cfd Mello Roos Fee 1549.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 12.92 Gross Scheduled Income Actual 228255 Home Owners Fees 0.0 Monthly Total Fees 129 Possession Close of Escrow Security Gated Community Tenant Pays ElectricityGas/Propane Terms ConventionalLand ContractSeller May Carry Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2047.0 Unit2 Rent Actual 1295.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Frank Ponce of Coldwell Banker Realty: 310-503-4158. Listing information © 2025 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037