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    5236 Kester Avenue

    Sherman Oaks, CA 91411
    • $3,500,000
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • ID#: SB21001287
    Under Contract
    UPDATED: 76 min ago
    $3,500,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,409
      SQFT
    • $372
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Rare opportunity for investors to purchase PRIME real estate in PRIME Sherman Oaks location. Half-Block from famous shopping and dining on Magnolia Blvd, these large townhouse units are located in one of the most desirable rental areas of Sherman Oaks. Tenants enjoy central air, hardwood floors, fireplaces and private patios. Ample on site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Building has a new roof, new copper plumbing, and new A/C units. Low maintenance with strong income, plus over 30% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in prime Sherman Oaks location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-25T10:26:58.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/112994269
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    5236 Kester Avenue Sherman Oaks, CA 91411

    • Price: $3,500,000
    • Status: Active Under Contract
    • Updated: 76 min ago
    • ID#: SB21001287
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    9,409
    SQFT
    $372
    $/SQFT
    1964
    Built
    Neighborhood:
    SO - Sherman Oaks
    County:
    Los Angeles
    Area:
    SO - Sherman Oaks
    Property Description
    Rare opportunity for investors to purchase PRIME real estate in PRIME Sherman Oaks location. Half-Block from famous shopping and dining on Magnolia Blvd, these large townhouse units are located in one of the most desirable rental areas of Sherman Oaks. Tenants enjoy central air, hardwood floors, fireplaces and private patios. Ample on site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Building has a new roof, new copper plumbing, and new A/C units. Low maintenance with strong income, plus over 30% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in prime Sherman Oaks location.
    Exterior Features

    Garage Spaces 10.00 Lot Features Front YardLandscapedLawnLevel With StreetPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCovered Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating Central Heating YN Yes Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.06 Community Features BikingCurbsDog ParkGuttersParkSidewalksStreet LightsSuburbanUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 217104.00 Gross Multiplier 16.12 Gross Scheduled Income 214704.00 Insurance Expense 3400.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Maintenance Expense 5000.00 Net Operating Income 139630.00 New Construction YN No New Taxes Expense 42000.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 68633.00 Other Expense 8118.00 Other Expense Description Utility Pest Control Expense 318.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 2150.00 Tenant Pays ElectricityGas Total Actual Rent 17892.00 Total Expenses 68633.00 Trash Expense 3947.00 Vacancy Allowance 6441 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-25T10:26:58.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

     
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    Cory Home Team | eXp Realty of California Inc
    41951 Remington Ave., Ste 260
    Temecula CA, 92590