5236 Kester Avenue, Unit 6

Sherman Oaks, CA 91411

$3,425,000
Price
—
Beds
9,409 Sq. Ft.
$364 / Sq. Ft.
9,409
Sq. Ft.
$364
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, Unit 6

Parking Spaces Total
7
Total Units
10.0
Lot Size Source
Assessor
Building Area Total
9409
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
2249022020

Location

Listing Courtesy of Coldwell Banker Realty, Frank Ponce, DRE #00861049; Coldwell Banker Realty, Viktorie Miksatkova, DRE #02126640
Add your commute
LISTING UPDATED: 06/17/2024 01:11 AM

Property Details for 5236 Kester Avenue, Unit 6

StatusActive
MLS #PV24092213
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1964
Lot Size0.29 AC / 12,545 SF
CountyLos Angeles County

Location

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

Building Information for 5236 Kester Avenue, Unit 6

Stories2Residences-Year Built1964Building Size-Lot Size0.29 AC / 12,545 SF

Payment Calculator

$22,357 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,692

Property Taxes

$3,665

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5236 Kester Avenue, Unit 6

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $219,635
  • Vacancy Allowance: 7687
  • Vacancy Allowance Rate: 4
  • Net Operating Income: $143,461
  • Laundry Income: $696
  • Cap Rate: 4.21
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $68,487
  • Expense Year: $2,024
  • Electric Expense: $4,000
  • Insurance Expense: $7,500
  • Maintenance Expense: $1,900
  • Professional Management Expense: $0
  • Other Expense: $1,200
  • Trash Expense: $3,947
  • Water Sewer Expense: $8,000
  • Real Estate Tax Expense: $41,940
  • Total Expenses: $68,487
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Construction Materials: Asphalt, Block, Concrete, Drywall Walls, Glass, Stucco
  • Roof: Asphalt
  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front, Sprinklers On Side
  • Current Use: Multi-Family
  • Land Use: Multi-Family
  • Sprinklers: Yes
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 7
Property / Structure Info
  • Building Status: Existing
  • Building Features: Phone System
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,969
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,245
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 10
  • Number Of Buildings: 1

Property History for 5236 Kester Avenue, Unit 6

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5236 Kester Avenue, Unit 6

Taxable ValueLand$2,122,416Additions$1,414,944Total$3,537,360
Tax Record2023$43,976 ($3,665 / month)
Home Facts
Total Finished SqFt9,409 SqFtAbove Grade Finished SqFt9,409 SqFtLot Size12,609 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2249-022-020

Schools near 5236 Kester Avenue, Unit 6

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

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5236 Kester Avenue, Unit 6 is a multi-family home for sale in Sherman Oaks, CA 91411. This property was listed for sale on May 9, 2024 by Coldwell Banker Realty, it's currently listed at $3,425,000. It has been on the market for a total of 39 days and was last sold on January 19, 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, Unit 6 is a 0-bed, 0-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. 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.