5236 Kester AVE Sherman Oaks, CA 91411
Sale
$3,495,000
10 Units
3 Beds
3 Baths
9,409 Area(sq.ft.)
12,545 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 2 | 2 | No | $ 1,969 | $ 15,755 | $ 22,248 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,245 | $ 2,490 | $ 3,990 |
| 2 | 10 | 18 | 18 | $ 18,242 | $ 131,020 | $ 185,964 |
| MLS #: | PV24069336MR |
| Days On Market: | 0 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 371 |
| Price per unit: | $ 349,500 |
| Year Built: | 1964 |
Property Details
This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy air conditioning, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 43.67% 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 Sherman Oaks California.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 211,948 |
| Total Annual Expense: | $ 68,487 |
| Net Operating Income: | $ 143,461 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 15.91 |
Structure
| Community Features: | Biking, Curbs, Foothills, Sidewalks, Street Lights, Valley |
| Security Features: | Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated, Smoke Detector |
| Style: | Contemporary |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Lease |
| Parking Garage: | Assigned |
| Total Parking: | 12 |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Central, Wall/Window Unit(s) |
| Equipment: | Community, Dishwasher, Garage |
| Heating: | Wall |
| Fireplace Rooms: | Living Room |
| Laundry: | Community, Garage |
Exterior
| Exterior Construction: | Asphalt, Block, Concrete, Glass, Stucco |
| Pool: | No |
| Roof: | Asphalt |
| Spa: | No |
Detailed Map
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