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Karen Hiatt

karen.hiatt@engelvoelkers.com +1(805) 551-1225

Listed by Frank Ponce • Coldwell Banker Realty

$ 2,900,000

Est. payment -/mo

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Active

5236 Kester Avenue Sherman Oaks, CA 91411

9,409 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,409 sqft

Price per Sqft $308

MLS Listing ID PV-25148646

Style Contemporary

Year Built 1964

Lot Size 0.288 Acres

Property Sub-Type Apartment

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

Zoning LAR3

Interior

Heating Wall Furnace

Flooring Laminate, Vinyl

Fireplaces Type Family Room

Laundry Community

Exterior

Parking Features Off Street, On Site, Paved, Private, Asphalt, Assigned, Covered

Garage Spaces 6.0

Pool None

Community Features Biking, Curbs, Sidewalks, Valley

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

Building

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

Sewer Public Sewer

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

Karen Hiatt

5236 Kester Avenue Sherman Oaks, CA 91411

Key Details

Location

Interior

Exterior

Building

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5236 Kester Avenue