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.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
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
Flooring Type: Laminate, Vinyl
Fireplace: Living Room
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 6 spaces
Parking: Assigned
Lot Features
Lot Information:
Lot: Sprinklers In Front, Landscaped
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Fireplace(s), Wall Furnace
Cooling: Central Air, Wall/Window Unit(s)
School Info
Assigned Schools Information:
Van Nuys Senior High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Van Nuys Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Kester Avenue Elementary School, Public Magnet Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Coming off the 405 North to Burbank Bl, take Burbank Bl to Kester Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $3,495,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.5M 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: #PV24069336
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: 5/2/2024, 7:25:18 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.
Elementary School
9
/10
Kester Avenue Elementary School
5353 Kester Ave
Distance between this listing and this school0.13 miles
Public Magnet Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.53 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school10.90 miles
Public Magnet Grades 1-5
Middle School
4
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school0.38 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.32 miles
Public District Grades 6-8
High School
6
/10
Van Nuys Senior High School
6535 Cedros Ave
Distance between this listing and this school1.62 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school3.09 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school16.61 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
Kester Avenue Elementary School
5353 Kester Ave
Distance between this listing and this school0.13 miles
Public Magnet Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.53 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school10.90 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school0.38 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.32 miles
Public District Grades 6-8
Nearby Schools
6
/10
Ivy Bound Academy of Math, Science, and Technology
15355 Morrison St
Distance between this listing and this school0.71 miles
Public Charter Grades 5-8
Assigned Schools
6
/10
Van Nuys Senior High School
6535 Cedros Ave
Distance between this listing and this school1.62 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school3.09 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school16.61 miles
The neighbors living near this home have an average income of $87,838. Residents of Los Angeles, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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 $3,495,000.
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.
What are the assigned schools for this property?
The assigned schools for 5236 Kester Ave are: Kester Avenue Elementary School: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Van Nuys Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Van Nuys Senior High School: GreatSchools Rating 6/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
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 April 08, 2024 and is currently priced at $3,495,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
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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