5236 Kester ave, Sherman Oaks, CA 91411
Active
$2,950,000
14%
10 Units
3 Beds
3 Baths
9,409 Area(sq.ft.)
Lot: 12,545 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 2 | 2 | No | $ 2,047 | $ 16,373 | $ 22,352 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,295 | $ 2,590 | $ 439 |
| 10 | 18 | 18 | $ 18,966 | $ 136,164 | $ 179,694 |
| MLS #: | PV24209545MR |
| Days On Market: | 194 |
| Listing Date: | October 9, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 314 |
| Price per unit: | $ 295,000 |
| Year Built: | 1964 |
Property Details
Back on Market. Buyer did not perform. 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 central air conditioning and heating, 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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 61,947 |
| Net Operating Income: | $ 158,319 |
| Cap Rate: | 5.37% |
| Gross Rent Multiplier: | 12.92 |
| Actual Gross Rent: | $ 18,963 |
Structure
| Community Features: | Biking, Park, Sidewalks, Street Lights, Urban, Valley |
| Security Features: | Carbon Monoxide Detector(s), Gated, Smoke Detector |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
| Total Parking: | 13 |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Community, Dishwasher, Garage, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | Family Room, Gas |
| Laundry: | Community, Garage |
Exterior
| Exterior Construction: | Asphalt, Block, Concrete, Plaster, Stucco |
| Pool: | No |
| Roof: | Asphalt |
| Spa: | No |
Detailed Map
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