5236 Kester Avenue
Sherman Oaks, CA, 91411 $ 2,950,000
Bedrooms-- Baths16.0 Sq 9,409 Monthly Estimate*
$ 18,164
Listed by Coldwell Banker Realty
for $2,950,000 with 16 full baths. This 9,409 square foot building was built in 1964 on a lot size of 0.288.
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 desire—walkable 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 gem—gated, private, and exclusive—nestled 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.
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FeaturesGeneralHeating Wall Furnace
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Roof Asphalt
Security Features Gated Community Key Card Entry Smoke Detector(s)
Construction Materials Asphalt Concrete Plaster Stucco
Year Built 1964
Electric 220 Volts
Property Subtype Multi Family
Community Features Gated
County Los Angeles
Net Operating Income 157327
Operating Expense 26547
Insurance Expense 7500
Property Type Commercial Sale
MaintenanceExpense 1900
Special Listing Conditions Standard
Status Active
Directions Coming off 405 North to Burbank Blvd. to Kester Avenue
City Sherman Oaks
Number Of Units Total 10
MLS Area SO - Sherman Oaks
Lot Size Units Square Feet
Lot Size Square Feet 12545
Carport Spaces 6
Carport Y/N true
Number of Units Leased 10
Listing Terms Cash Cash to New Loan Contract 1031 Exchange
Land Lease Y/N false
Electric Expense 3500
Trash Expense 3947
Water Sewer Expense 8500
Additional Parcels Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Multi Family
Cap Rate 5.43
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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ExteriorFencing Chain Link Wood Wrought Iron
Lot Features 0-1 Unit/Acre Sprinklers In Front
Water Source Public
Total Parking 6
Lot Size Area 12545
Number of Buildings 1
Building Area Total 9409
Lot Size Acres 0.288
Lot Size Source Assessor
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
frank@frankponce.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,164
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Sherman Oaks, CA
Average List Price $1,287,429
Percent of Sale Price 56%
About Sherman Oaks, CA 49,360 Population
0% Since 2002
$ 0 Median Income
0 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/1/2026 | $2,950,000 | 1.72% | Price Up |
| 11/20/2025 | $2,900,000 | | Listed Price |