5236 Kester Avenue 6, Sherman Oaks, CA 91411
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- MLS#: PV24092213 ( Multi Family )
- Street Address: 5236 Kester Avenue 6
- Viewed: 7
- Price: $3,425,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 235
- Additional Information
- County: LOS ANGELES
- City: Sherman Oaks
- Zipcode: 91411
- Provided by: Coldwell Banker Realty
- Contact: Frank Frank
- DMCA Notice
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DescriptionDiscover 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 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.
Property Location and Similar Properties
Features
Accountingtype
- Actual
Assetclass
- Multi-Family
Building Area Total
- 9409.00
Building Features
- Phone System
Commoninterest
- None
Construction Materials
- Asphalt
- Block
- Concrete
- Drywall Walls
- Glass
- Stucco
Cooling
- Wall/Window Unit(s)
Country
- US
Current Financing
- Conventional
Current Use
- Multi-Family
Electric
- 220 Volts
Electric Expense
- 4000.00
Expense Year
- 2024
Fencing
- Chain Link
- Wood
- Wrought Iron
Heating
- Wall Furnace
Insurance Expense
- 7500.00
Land Use
- Multi-Family
Laundry Features
- In Garage
Laundry Income
- 696.00
Netoperatingincome
- 143461.00
Otherexpense
- 1200.00
Parcel Number
- 2249022020
Postalcodeplus4
- 4068
Professionalmanagementexpense
- 0.00
Property Type
- Multi Family
Roof
- Asphalt
Totalexpenses
- 68487.00
Trash Expense
- 3947.00
Uncovered Spaces
- 7.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
Vacancyallowance
- 7687
Water Sewer Expense
- 8000.00
Water Source
- Public
Year Built
- 1964
Year Built Source
- Assessor