5236 Kester, Sherman Oaks, CA 91411
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
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 central air, 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 46% 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.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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