Sherman Oaks, CA 91411,5236 Kester AVE
Sherman Oaks, CA 91411,5236 Kester AVE
Sherman Oaks, CA 91411,5236 Kester AVE
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$2,900,000
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0.29 Acres Lot
New

5236 Kester AVE Sherman Oaks, CA 91411

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25149173

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Interior

Heating Wall Furnace

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 6

Fence Chain Link, Wood, Wrought Iron

Community Features Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 6

Building

Lot Description 0-1 Unit/Acre, Sprinklers In Front

Story 2

Water Public

Others

Tax ID 2249022020

Security Features Gated Community,Key Card Entry,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Contract, 1031 Exchange

Special Listing Condition Standard


CRMLS – RECore
Listed by Frank Ponce Coldwell Banker Realty 310-503-4158

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agent

Jorge Hans

Agent | License ID: 00638283

+1(760) 799-7540

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5236 Kester AVE