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5236 Kester Avenue #6

Sherman Oaks, CA 91411
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Bed 3

Bed

Bath 3

Bath

SqFt12,545

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,950,000

AD Id : 77885336

MLS Id : PV25148646

Beds : 3

Lot Size : 12,545 Sqft

Year Built : 1964

Garage : 6

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Asphalt
    Appliances: Dishwasher, GasCooktop, Disposal, GasOven, GasRange, Refrigerator
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: CentralAir, Gas

  • Building Information

    Year Built: 1964
    Building Area Total: 9409
    Construction Materials: Asphalt, Concrete, Stucco
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 12545 Lot Size Acres: 0.288 Lot Size Source: Assessor Lot Size Square Feet: 12,545 Lot Description: ZeroToOneUnitAcre,SprinklersInFront

  • Listing Price Information

    Listing Price: $2950000
    Original Price: $2900000
    Cash, CashToNewLoan, Conventional, Contract, Exchange1031

  • Tax Information

    Parcel Number: 2249022020 Tax Lot: 374

  • Parking Information

    Parking Total: 6 Assigned, Asphalt, Covered, Gated, OnSite, OffStreet, Paved, Private

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Utility Information

    CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Coming off 405 North to Burbank Blvd. to Kester Avenue. WaterSource: Public Security Features: CarbonMonoxideDetectors,GatedCommunity,SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
14546 Martha, Sherman Oaks, CA, 91411 $1,175,000 2 2 1,154 1,154 SqFt
5758 Tobias Avenue, Sherman Oaks, CA, 91411 $1,495,000 3 2 1,608 1,608 SqFt
14650 Margate Street, Sherman Oaks, CA, 91411 $1,899,000 6 5 3,080 3,080 SqFt
5807 Bevis Avenue, Sherman Oaks, CA, 91411 $749,000 3 2 1,156 1,156 SqFt
5822 Saloma Avenue, Sherman Oaks, CA, 91411 $1,359,000 4 4 1,987 1,987 SqFt
5314 Willis Avenue, Sherman Oaks, CA, 91411 $2,595,000 5 5 3,984 3,984 SqFt
14743 Mccormick Street, Sherman Oaks, CA, 91411 $1,579,000 3 3 2,109 2,109 SqFt
5724 Saloma Avenue, Sherman Oaks, CA, 91411 $1,999,000 4 3 2,652 2,652 SqFt
14934 Martha Street, Sherman Oaks, CA, 91411 $1,875,000 4 5 2,577 2,577 SqFt
5734 Norwich, Sherman Oaks, CA, 91411 $1,260,000 4 3 2,261 2,261 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 15:31

MLS: PV25148646 LISTED BY: Frank Ponce, Coldwell Banker Realty 310-378-5201 SOURCE: CRMLS

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