Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    5236 Kester Avenue 6, Sherman Oaks, CA 91411
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    5236 Kester Avenue 6
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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
    • California Regional MLS IDX
    • DMCA Notice
    • 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 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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    Features
    Accountingtype
    1. Actual
    Assetclass
    1. Multi-Family
    Building Area Total
    1. 9409.00
    Building Features
    1. Phone System
    Commoninterest
    1. None
    Construction Materials
    1. Asphalt
    2. Block
    3. Concrete
    4. Drywall Walls
    5. Glass
    6. Stucco
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Current Financing
    1. Conventional
    Current Use
    1. Multi-Family
    Electric
    1. 220 Volts
    Electric Expense
    1. 4000.00
    Expense Year
    1. 2024
    Fencing
    1. Chain Link
    2. Wood
    3. Wrought Iron
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 7500.00
    Land Use
    1. Multi-Family
    Laundry Features
    1. In Garage
    Laundry Income
    1. 696.00
    Netoperatingincome
    1. 143461.00
    Otherexpense
    1. 1200.00
    Parcel Number
    1. 2249022020
    Postalcodeplus4
    1. 4068
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Multi Family
    Roof
    1. Asphalt
    Totalexpenses
    1. 68487.00
    Trash Expense
    1. 3947.00
    Uncovered Spaces
    1. 7.00
    Utilities
    1. Cable Connected
    2. Electricity Connected
    3. Natural Gas Connected
    4. Phone Connected
    5. Sewer Connected
    6. Water Connected
    Vacancyallowance
    1. 7687
    Water Sewer Expense
    1. 8000.00
    Water Source
    1. Public
    Year Built
    1. 1964
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836