5236 Kester Avenue 6,Sherman Oaks, CA 91411
Sherman Oaks, CA 91411
Description
Unlock the potential of a truly exceptional investment in the heart of Sherman Oaks. This 10-unit apartment complex is ideally positioned just steps from the bustling retail and dining corridor of Magnolia Boulevard, one of the most dynamic and desirable destinations in the San Fernando Valley. This location offers immediate access to everything today's renters desirewalkable amenities, top-rated schools, trendy cafes, fitness studios, and convenient freeway access via the 101 and 405. It’s a location that commands attention and attracts high-quality, long-term tenants. The property itself is a rare find: spacious, townhouse-style units that provide residents with the comfort and feel of a home rather than a typical apartment. These desirable layouts, coupled with features like central air and heat, hardwood floors, fireplaces, private patios, and on-site gated parking, set this asset apart from others in the market. The building has already undergone key capital improvements including a brand-new roof and completed soft-story seismic retrofitting, positioning it for long-term stability and low maintenance. This is a true hidden gemgated, private, and exclusivenestled within one of the most in-demand rental pockets in Sherman Oaks. Known for its low vacancy rates and strong tenant demand, this area is a magnet for professionals and families seeking lifestyle, convenience, and comfort. From an investment standpoint, the numbers speak for themselves: with a 43.67% potential upside in rents, this property is a prime reposition opportunity in a market where rent growth continues to climb. With limited new rental inventory in the area and increasing demand for larger, well-located units, this property stands to significantly increase cash flow post-renovation or strategic upgrades. Whether you're looking to add a trophy asset to your portfolio or secure a high-performing investment in a blue-chip neighborhood, this Sherman Oaks multifamily offering checks all the boxes. Opportunities like this rarely come to market. Contact us today to schedule a private tour and explore how this incredible asset can elevate your portfolio.
Details
| MLS # | PV25148646 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 412 |
| Listing Provided By | Coldwell Banker Realty | Frank Ponce |
Features
| SQ Feet | 9,409 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.29 |
Interior
| Cooling | Central Air, Gas |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt |
|---|---|
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
| Construction Materials | Asphalt, Concrete, Stucco |
| Foundation Details | Concrete Perimeter, Slab, Tie Down |
| Lot Features | Zero To One Unit Acre, Sprinklers In Front |
| Fencing | Chain Link, Wood, Wrought Iron |
Parking
| Parking Features | Assigned, Asphalt, Covered, Gated, On Site, Off Street, Paved, Private |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Volts220 |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Sidewalks, Valley, Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Sherman Oaks |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $2,950,000 low | high Med: $2,925,000 sqft: 9,409 low | high Med: 8,325 $ / sqft: $314 low | high Med: $357 On site: 412 low | high Med: 212.5 | |
Market Activity 91411
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Sherman Oaks |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $2,950,000 low | high Med: $2,925,000 sqft: 9,409 low | high Med: 8,325 $ / sqft: $314 low | high Med: $357 On site: 412 low | high Med: 212.5 | |
 | $2,950,0005236 Kester AvenueSherman Oaks, CA 91411 |