5236 Kester Avenue

Sherman Oaks, CA 91411

$3,190,000
Price
3
Beds
18
Baths
9,409 Sq. Ft.
$339 / Sq. Ft.
9,409
Sq. Ft.
$339
per Sq. Ft.

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...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.
  1. Listed by Frank Ponce • DRE #00861049 • Brokerage DRE #00616212 • Coldwell Banker Realty • 310-503-4158
  2. Listed by Viktorie Miksatkova • DRE #02126640 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 5236 Kester Avenue

Architectural Style
Mid Century Modern
View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/16/2024 01:56 AM

Property Details for 5236 Kester Avenue

StatusActive
MLS #PV24209545
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 5236 Kester Avenue

Building/Complex5236 Kester AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 5236 Kester Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $219,635
  • Gross Scheduled Income: $219,635
  • Vacancy Allowance Rate: 4
  • Net Operating Income: $143,461
Expense Details
  • Operating Expense: $68,487
  • Gardener Expense: $1,200
  • Electric Expense: $3,500
  • Insurance Expense: $7,500
  • Maintenance Expense: $1,900
  • Professional Management Expense: $0
  • Trash Expense: $3,947
  • Water Sewer Expense: $8,500
  • Total Expenses: $68,487
Tax / Assessment Info
  • Tax Tract Number: 1000
  • Tax Census Tract: 1288.02
  • CFD/Mello-Roos Fee: $1,549
  • Tax Lot: 374
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Park, Sidewalks, Street Lights, Urban, Valley
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Refrigerator
  • Equipment: Community, Dishwasher, Garage, Refrigerator
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Community, In Garage
  • Fireplace Features: Family Room, Gas
  • Fireplace Rooms: Family Room, Gas
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Security: Gated Community
  • Construction Materials: Asphalt, Block, Concrete, Plaster, Stucco
  • Exterior Construction: Asphalt, Block, Concrete, Plaster, Stucco
  • Exterior: Block, Stucco
  • Roof: Asphalt
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Concrete Perimeter, Seismic Tie Down, Slab
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Landscaped
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,969
  • Unit Type Total Rent: $15,755
  • Unit Type Pro Forma: 22248
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,245
  • Unit Type Total Rent: $2,490
  • Unit Type Pro Forma: 990
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 5236 Kester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5236 Kester Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Kester Avenue Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5236 Kester Avenue is a multi-family home for sale in Sherman Oaks, CA 91411. This property was listed for sale on October 9, 2024 by Coldwell Banker Realty, it's currently listed at $3,190,000. It has been on the market for a total of 62 days and was last sold on March 18, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Kester Avenue Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 5236 Kester Avenue is a 3-bed, 18-bath, 9,409 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Frank Ponce, DRE #00861049; Coldwell Banker Realty, Viktorie Miksatkova, DRE #02126640

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.