44
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$3,190,000
Est. payment /mo
9,409 SqFt
Active
5236 Kester Avenue Sherman Oaks (los Angeles), CA 91411
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UPDATED:
12/17/2024 07:43 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,409 sqft
Price per Sqft $339
MLS Listing ID CRPV24209584
HOA Y/N No
Year Built 1964
Lot Size 0.288 Acres
Acres 0.29
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 Listing
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Connected
Total Parking Spaces 12
Building
New Construction No
Others
Tax ID 2249022020
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Listed by Frank Ponce • Coldwell Banker Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289