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$3,425,000

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0.29 Acres Lot

Active

5236 Kester AVE Sherman Oaks, CA 91411

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Michael J. Lofton

citymikesd@gmail.com +1(619) 983-8805

UPDATED:

10/18/2024 05:24 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV24209545

Construction Status Turnkey

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Property 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 property’s 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. Don’t miss out on this chance to invest in a thriving area with strong income potential.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR3

Rooms

Ensuite Laundry Common Area, In Garage

Interior

Interior Features All Bedrooms Down

Laundry Location Common Area,In Garage

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Fireplaces Type Family Room, Gas

Fireplace Yes

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator

Laundry Common Area, In Garage

Exterior

Garage Assigned

Garage Spaces 6.0

Garage Description 6.0

Fence Wrought Iron

Pool None

Community Features Biking, Park, Street Lights, Sidewalks, Urban, Valley, Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt

Accessibility None

Parking Type Assigned

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Landscaped

Story 2

Entry Level Two

Foundation Concrete Perimeter, Slab, Tie Down

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 2249022020

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Conventional, Contract, Owner May Carry

Listing Terms Conventional, Contract, Owner May Carry

Special Listing Condition Standard

Listed by Frank Ponce • Coldwell Banker Realty • 310-503-4158

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Michael J. Lofton

Broker | License ID: 01988777

+1(619) 983-8805

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