$ 2,950,000
-
$2,950,000
Price -
3
Bed -
3
Bath -
9,409
SqFt
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About the Listing V7151 - VPONCFRA,sbtrutann
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.
Listing Highlights
Status
Active
Days on Site
329
Property Type
Multi-Family
MLS ®
PV25148646
Year Built
1964
Total Square Footage
9,409
Lot/Acreage
0.29
County
Los Angeles
Area
SO - Sherman Oaks
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator
- Air Cond: Central Air,Gas
- Heating: Wall Furnace
- Fireplaces: Family Room
- Floor: Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Sprinklers In Front,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LAR3
- Roof: Asphalt
- Others: Turnkey,Asphalt,Concrete,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Asphalt,Covered,Gated,On Site,Off Street,Paved,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2249022020
- Tax Year: N/A
Payment Calculator
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Questions About..
5236 Kester Ave Unit 6 Sherman Oaks, CA 91411
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