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$2,900,000
27 Days On Site

5236 Kester Avenue 6
Sherman Oaks, CA 91411

For Sale|Apartment|Active
0
Beds
0
Total Baths
9,409
SqFt
$308
/SqFt
1964
Built
County:
Los Angeles
Listed by Frank Ponce of Coldwell Banker Realty [email protected]

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Call Now: 714-883-2943
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714-883-2943
5236 Kester Avenue 65236 Kester Avenue 65236 Kester Avenue 65236 Kester Avenue 6
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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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Listing Snapshot
Price 
$2,900,000
Days On Site 
27 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,409 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.288 Acres
Year Built 
1964
MLS® Number 
PV25148646
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing first seen on site
4 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.288
Disclosures 
RentControl
Foundation 
Concrete PerimeterSlab
Garage 
Yes
Garage Spaces 
6
Number Of Stories 
2
Parking 
AssignedAsphaltCoveredGatedOn SiteOff StreetPavedPrivate
Parking Spaces 
6
Property Sub Type 
Apartment
Security 
Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9409
Style 
Contemporary
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
LAR3
Interior Features
Appliances 
DishwasherGas CooktopDisposalGas OvenGas RangeRefrigerator
Cooling 
Central AirGas
Fireplace 
Yes
Fireplace Features 
Family Room
Flooring 
LaminateVinyl
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Construction Details 
AsphaltConcreteStucco
Fencing 
Chain LinkWoodWrought Iron
Lot Features 
Sprinklers In Front
Pool Features 
None
Road Frontage 
City Street
Roof 
Asphalt
Spa Features 
None
Community Features
Building Access 
Front
Community Features 
CurbsSidewalksGated
Financing Terms Available 
CashConventionalContract1031 Exchange
MLS Area 
SO - Sherman Oaks
Roads 
Paved


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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