5236 Kester Avenue 6 Sherman Oaks, CA 91411
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Frank Ponce / Anna Khomut - Contact:  310-503-4158

  5236 Kester Avenue 6 Sherman Oaks, CA 91411

Active (1 Days)
$2,900,000

Description

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.

MLS #:
PV25148646
Lot Size
0.29 acres
Type
Multifamily
Year Built
1964
Style
Contemporary
County
Los Angeles County

Listed By

Frank Ponce, DRE #00861049 CA, Coldwell Banker Realty, Contact: 310-503-4158
Anna Khomut, DRE #01962287 CA, Coldwell Banker Realty
Source
CRMLS
Last checked Jul 10 2025 at 7:06 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Dishwasher
  • Disposal
  • Gas Cooktop
  • Gas Oven
  • Gas Range
  • Refrigerator
Lot Information
  • Sprinklers In Front
Property Features
  • Fireplace: Family Room
  • Foundation: Concrete Perimeter
  • Foundation: Slab
  • Foundation: Tie Down
Heating and Cooling
  • Wall Furnace
  • Central Air
  • Gas
Flooring
  • Laminate
  • Vinyl
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Water Source: Public
  • Sewer: Public Sewer
Parking
  • Asphalt
  • Assigned
  • Covered
  • Gated
  • Off Street
  • On Site
  • Paved
  • Private
Additional Information: Palos Verdes Beach Cities | 310-503-4158
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.