Active

5236 Kester Avenue #6

Sherman Oaks, CA 91411
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Bed 0

Bed

Bath 0

Bath

SqFt9,409

Sqft

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 a ir 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 : Residential Income

Price : $2,950,000

AD Id : 77885336

MLS Id : PV25148646

Lot Size : 12,545 Sqft

Living Area Size : 9,409

Year Built : 1964

Garage : 6

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Asphalt Property Appliances: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Gas Range,Refrigerator Fireplace: Family Room Flooring: Laminate,Vinyl
  • Cooling Features

    Central Air,Gas Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: Family Room Has Fireplace: 1

  • Building Information

    Year Built: 1964 Building Area Total: 9,409 Construction: Asphalt,Concrete,Stucco Roof: Asphalt
  • Foundation

    Concrete Perimeter,Slab,Tie Down

    Security Features

    Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
  • Accessibility Features

    None

    Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    Chain Link,Wood,Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.288
  • Lot Size Source: Assessor Lot Size Square Feet: 12545

  • Listing Price Information

    Original List Price: 2,950,000 Listing Contract Date: 2025-07-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2249022020

  • Garage and Parking

    Garage Description: Assigned,Asphalt,Covered,Gated,On Site,Off Street,Paved,Private

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Telephone

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SO - Sherman Oaks Postal Code Plus 4: 4068 Directions: Coming off 405 North to Burbank Blvd. to Kester Avenue. Zoning: LAR3 Source Property Type: Residential Income Area: SO - Sherman Oaks Property SubType: Apartment
  • Building and Construction

    Property Age: 62 Common Walls: 2+ Common Walls Property Condition: Turnkey Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
14525 Albers Street, Van Nuys, CA, 91411 $2,695,000 10 -- 7,061 7,061 SqFt
5758 Tobias Avenue, Sherman Oaks, CA, 91411 $1,595,000 3 2 1,608 1,608 SqFt
5701 Tobias, Sherman Oaks, CA, 91411 $1,025,000 3 2 1,453 1,453 SqFt
14604 Mccormick Street, Sherman Oaks, CA, 91411 $1,698,000 4 5 3,185 3,185 SqFt
14650 Margate Street, Sherman Oaks, CA, 91411 $1,899,000 6 5 3,080 3,080 SqFt
5314 Willis Avenue, Sherman Oaks, CA, 91411 $2,695,000 5 5 3,984 3,984 SqFt
5417 Bevis Avenue, Sherman Oaks, CA, 91411 $1,150,000 3 1 1,335 1,335 SqFt
14813 Mccormick Street, Sherman Oaks, CA, 91411 $3,795,000 6 6 4,758 4,758 SqFt
14934 Martha Street, Sherman Oaks, CA, 91411 $1,895,000 4 4 2,577 2,577 SqFt
5836 Norwich Ave., Sherman Oaks, CA, 91411 $1,290,000 4 2 1,639 1,639 SqFt

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ByOwner last updated this listing 06/18/2026 @ 08:54

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

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