5236 Kester Avenue #6Sherman Oaks, CA 91411
This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy air conditioning, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 43.67% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in Sherman Oaks California.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site26 Days
- MLS StatusActive
- MLS ID NumberPV24092213
- Home Size Source Assessor
- Year Built1964
- Lot Size0.288 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction AsphaltBlockConcreteGlassStucco
- Building Features Phone System
- Parking Spaces 7
- Electric 220 Volts
- Number of Stories 2
- Acreage 0.288
- Water Public
- Property Sub Type Multi Family
- Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Wall Furnace
- Laundry Features In Garage
Exterior Features
- Roof Asphalt
- Fencing Chain LinkWoodWrought Iron
- Lot 0-1 Unit/ AcreSprinklers In FrontSprinklers On Side
Community Features
- MLS Area SO - Sherman Oaks
- Building Features Phone System