5236 Kester Avenue 6 Sherman Oaks, CA $ 3,425,000
5236 Kester Avenue 6
$ 3,425,000
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5236 Kester Avenue 6

Sherman Oaks, CA, 91411
$ 3,425,000
Baths0.0 Sq 9,409

Monthly Estimate*

$ 22,764

Listed by Coldwell Banker Realty
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Studio

Commercial Property for sale in Sherman Oaks, CA

for $3,425,000. This 9,409 square foot building was built in 1964 on a lot size of 0.288.

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.

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Commercial Active

Price

$ 3,425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MultiFamily

Lot Size

0.288

Year Built

1964

Town/City

Sherman Oaks

County/Region

Los Angeles

MLS | Web ID

PV24092213

Days on Market

42

Features
General
Heating WallFurnace
Cooling WallWindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Roof Asphalt
Construction Materials Asphalt Block Drywall Glass Concrete Stucco
Year Built 1964
Electric Item220Volts
Unit Number 6
Property SubType MultiFamily
Current Use MultiFamily
County Los Angeles
Net Operating Income 143461.0
Operating Expense 68487.0
Insurance Expense 7500.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Building Features PhoneSystem
Special Listing Conditions Standard
Status Active
Directions Coming off the 405 North to Burbank Bl take Burbank Bl to Kester Avenue.
City Sherman Oaks
View Y/N N
Senior Community Y/N N
Open Parking Spaces 7.0
NumberOfUnitsTotal 10
MLS Area SO - Sherman Oaks
Lot Size Units SquareFeet
Lot Size Square Feet 12545.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 10
Listing Terms CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 4000.0
Home Warranty Y/N N
Current Financing Conventional
Trash Expense 3947.0
Water Sewer Expense 8000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 39
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional MultiFamily
Expected Active Date 2024-05-09
Cap Rate 4.21
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Exterior
Fencing ChainLink Wood WroughtIron
Lot Features Item01UnitAcre SprinklersInFront SprinklersOnSide
Water Source Public
Total Parking 7.0
Lot Size Area 12545.0
Number of Buildings 1
Spa N
Building Area Total 9409.0
Lot Size Acres 0.288
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features InGarage
Entry Level 1
Electric On Property 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

$22,764
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,764
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
5/22/2024$3,425,000 -2.00% Price Down
5/9/2024$3,495,000 Listed Price

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5236 Kester Avenue 6, Sherman Oaks, CA, 91411 is a Commercial Property for sale at $3,425,000 with 9,409 sqft and a lot size of 0.288. 5236 Kester Avenue 6 is a studio with 0.0 baths and was built in 1964. The property's zip code is 91411 which is in Sherman Oaks, CA