Discover an extraordinary investment opportunity in the heart of Sherman Oaks! This 10-unit apartment complex, nestled just half a block from the vibrant shopping and dining scene on Magnolia Boulevard, offers a blend of luxury and convenience. With spacious, townhouse-style units provide a comfortable living experience for tenants. This desirable rental area is located in one of Sherman Oaks’ most sought-after rental neighborhoods, this property boasts a consistently low vacancy ratio. Offering tenant comfort as residents enjoy air conditioning, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the property’s value. On-site tuck-under parking and shared laundry facilities add convenience and gated property. A true hidden gem tucked behind gates, this building offers a sense of exclusivity in a coveted neighborhood. Investment potential: With over 43.67% potential upside in rent, this property presents a compelling reposition opportunity. Don’t miss out on this chance to invest in a thriving area with strong income potential.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Century Modern
Year Built: 1964
Stories: 2
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 503-4158
Listing Agent: Frank Ponce
Interior Features
Interior Information:
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator
Flooring Type: Laminate, Vinyl
Interior: All Bedrooms Down
Fireplace: Family Room, Gas
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 6 spaces
Parking: Assigned
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Coming off 405 North to Burbank Bl to Kester Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $3,190,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.1M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PV24209545
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 503-4158
Listing Agent: Frank Ponce
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Kester Elementary / Magnet
5353 Kester Ave
Distance between this listing and this school0.14 miles
Public District Grades PK-5
7
/10
Chandler Learning Academy
14030 Weddington St
Distance between this listing and this school1.09 miles
Public District Grades KG-5
7
/10
Sherman Oaks Elementary Charter
14755 Greenleaf St
Distance between this listing and this school1.11 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
High Tech la Middle School
5435 Vesper Ave Rm B50
Distance between this listing and this school0.43 miles
Public Charter Grades 6-8
5
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school0.43 miles
Public District Grades 6-8
3
/10
Ivy Bound Academy of Math Science and Tech Charter Middle School
15355 Morrison St
Distance between this listing and this school0.71 miles
Public Charter Grades 5-8
Nearby Schools
2
/10
Will Rogers Continuation
14711 Gilmore St
Distance between this listing and this school1.54 miles
Public District Grades 9-12
7
/10
Van Nuys Senior High School
6535 Cedros Ave
Distance between this listing and this school1.66 miles
Public District Grades 9-12
6
/10
Champs - Charter High School of Arts-Multimedia & Performing
6842 Van Nuys Blvd
Distance between this listing and this school2.10 miles
The neighbors living near this home have an average income of $87,838. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5236 Kester Ave
What is the listing price of this property?
The listing price of 5236 Kester Ave property is $3,190,000.
What type of property is this?
The property 5236 Kester Ave is a condo located in Sherman Oaks, California, 91411.
Is this property for sale now?
Active Listing: 5236 Kester Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 5236 Kester Ave is 1964.
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This home is located at 5236 Kester Ave in Sherman Oaks, CA and zip code 91411 in the The San Fernando Valley neighborhood. This home, which was built in 1964, sits on a 0.29 acre lot. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $3,190,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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