5236 Kester Avenue Sherman Oaks, CA $ 3,495,000
5236 Kester Avenue
$ 3,495,000
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5236 Kester Avenue

Sherman Oaks, CA, 91411
$ 3,495,000
Bedrooms18 Baths2.1 Sq 9,409

Monthly Estimate*

$ 24,414

Listed by Coldwell Banker Realty
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Multi-Family Home for sale in Sherman Oaks, CA

for $3,495,000 with 18 bedrooms and 2 full baths, 1 half bath. This 9,409 square foot home was built in 1964 on a lot size of 0.288.

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.

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Multi-Family Active

Price

$ 3,495,000

Bedrooms

18

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.288

Year Built

1964

Town/City

Sherman Oaks

County/Region

Los Angeles

MLS | Web ID

PV24069336

Days on Market

23

Features
General
Sewer PublicSewer
Heating Fireplaces WallFurnace
Cooling CentralAir WallWindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances Dishwasher GasCooktop Disposal GasOven GasRange
Zoning LAR3
HOA 0.0
Garage Spaces 6.0
Architectural Style Contemporary
Pool Features None
Security Features CarbonMonoxideDetectors FireDetectionSystem GatedCommunity SmokeDetectors
Construction Materials Asphalt Block Drywall Glass Concrete Stucco CopperPlumbing
Year Built 1964
Electric ElectricityOnProperty
Tenant Pays CableTV Electricity Gas Insurance Telephone
View None
Stories 2
Levels Two
Property SubType Apartment
Gross Income 219635.0
Community Features Biking Curbs Foothills StreetLights Sidewalks Valley Gated
Accessibility Parking
County Los Angeles
Net Operating Income 143461.0
Operating Expense 68487.0
Insurance Expense 7500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Coming off the 405 North to Burbank Bl take Burbank Bl to Kester Avenue
City Sherman Oaks
Disclosures RentControl
Land Lease Amount 0.0
Entry Location Front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 10
MLS Area SO - Sherman Oaks
Lot Size Square Feet 12545.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 10
Street Name Kester
Listing Terms CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N Y
Electric Expense 3500.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Property Condition RepairsCosmetic
Trash Expense 3947.0
Water Sewer Expense 8500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 374
Virtual Tour https://www.youtube.com/watch?v=mmoYVrK4_-8
Property Sub Type Additional Apartment
Cap Rate 4.1
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Interior
Flooring Laminate Vinyl
Fireplace Features LivingRoom
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Street Suffix Avenue
Laundry Features CommonArea InGarage
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing ChainLink Wood WroughtIron
Parking Features Assigned
Lot Features Item01UnitAcre SprinklersInFront Landscaped
Water Source Public
Total Parking 12.0
Lot Size Area 12545.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 9409.0
Lot Size Acres 0.288
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5236
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* Excluded Features
List By
Coldwell Banker Realty

Broker

(310) 791-6017

Phone

Affordability Calculator

$24,414
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,414
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$3,495,000 Listed Price

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5236 Kester Avenue, Sherman Oaks, CA, 91411 is a Multi-Family Home for sale at $3,495,000 with 9,409 sqft and a lot size of 0.288. 5236 Kester Avenue has 18 bedrooms, 2.1 baths, and was built in 1964. The property's zip code is 91411 which is in Sherman Oaks, CA