5236 Kester Avenue, Sherman Oaks, CA 91411
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- MLS#: PV24209545 ( Apartment )
- Street Address: 5236 Kester Avenue
- Viewed: 8
- Price: $3,190,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 80
- 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
Accessibility Features
- None
Appliances
- Dishwasher
- Disposal
- Gas Oven
- Gas Range
- Gas Cooktop
- Refrigerator
Architectural Style
- Mid Century Modern
Assessments
- None
Association Fee
- 0.00
Building Area Total
- 9409.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Construction Materials
- Asphalt
- Block
- Concrete
- Plaster
- Stucco
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 246
Electric
- 220 Volts
Electric Expense
- 3500.00
Fencing
- Wrought Iron
Fireplace Features
- Family Room
- Gas
Flooring
- Laminate
- Vinyl
Foundation Details
- Concrete Perimeter
- Seismic Tie Down
- Slab
Garage Spaces
- 6.00
Gardner Expense
- 1200.00
Heating
- Wall Furnace
Insurance Expense
- 7500.00
Laundry Features
- Community
- In Garage
Levels
- Two
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
- Landscaped
Netoperatingincome
- 143461.00
Number Of Separate Electric Meters
- 10
Number Of Separate Gas Meters
- 10
Parcel Number
- 2249022020
Parking Features
- Assigned
Pool Features
- None
Postalcodeplus4
- 4068
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Property Condition
- Turnkey
Road Surface Type
- Paved
Roof
- Asphalt
Security Features
- Carbon Monoxide Detector(s)
- Gated Community
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 424842616:CRM
Spa Features
- None
Tenant Pays
- Electricity
- Gas
Totalactualrent
- 18245.00
Totalexpenses
- 68487.00
Trash Expense
- 3947.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
View
- None
Water Sewer Expense
- 8500.00
Water Source
- Public
Year Built
- 1964
Year Built Source
- Assessor
Zoning
- LAR3