$2,900,000

5236 Kester Ave Unit 6 Sherman Oaks, CA 91411

Estimated payment $18,916/month

Total Views 272
3 Beds
3 Baths
9,409 Sq Ft
$308 Price per Sq Ft

Highlights

  • Gated Parking
  • Gated Community
  • No HOA
  • Kester Avenue Elementary School Rated A-
  • Contemporary Architecture
  • Cooling System Powered By Gas

About This Home

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.

Listing Agent

Frank Ponce

Coldwell Banker Realty Brokerage Phone: 310-503-4158 License #00861049 Listed on: 07/09/2025

Coldwell Banker Realty

Co-Listing Agent

Anna Trutanich

Coldwell Banker Residential Br Brokerage Phone: 310-503-4158 License #01962287

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Redwood Fence
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Turnkey
  • Slab Foundation
  • Asphalt Roof
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Seismic Tie Down
  • Asphalt
  • Stucco

Interior Spaces

  • 9,409 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Powered By Gas
  • Central Air
  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 374
  • Tax Tract Number 1000
  • Assessor Parcel Number 2249022020
  • $1,549 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Valley

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,500
  • Gardener Expense $1,200
  • Insurance Expense $7,500
  • Maintenance Expense $1,900
  • Trash Expense $3,947
  • Water Sewer Expense $8,500
  • Operating Expense $26,647
  • Gross Income $230,183
  • Net Operating Income $157,327

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: Anna
  • Other Phone Number: 310780148
  • Price Per Unit: 290000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Water Sewer Expenses: 8500.00
  • Zoning: LAR3
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2249022020
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Price Per Square Foot: 308.22

Exterior Features

  • Foundation: Concrete Perimeter, Seismic Tie Down, Slab
  • Fence: Yes
  • Fencing: Chain Link, Redwood, Wrought Iron
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Asphalt, Concrete, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Asphalt, Paved, Gated, Off Street, On Site, Private
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Refrigerator
  • Electric: 220 Volts
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3947.00
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 12545.00
  • Lot Size Acres: 0.2880

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Electric Expense: 3500.00
  • Gross Income: 230183.00
  • Gross Operating Income: 218674.00
  • Gross Scheduled Income: 230183.00
  • Insurance Expense: 7500.00
  • Lot Size Area: 12545.0000 Square Feet
  • Maintenance Expense: 1900.00
  • Net Operating Income: 157327.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 26647.00
  • Rent Control: Yes
  • Total Expenses: 26647.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 1288.02
  • Tax Lot: 374
  • Tax Tract Number: 1000
  • TaxOtherAnnualAssessmentAmount: 1549.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $2,900,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV25148646

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Sherman Oaks 91411

5236 Kester Ave Unit 6, Sherman Oaks, CA

This home is located at 5236 Kester Ave Unit 6, Sherman Oaks, CA 91411 and is currently priced at $2,900,000, approximately $308 per square foot. This property was built in 1964. 5236 Kester Ave Unit 6 is a home located in Los Angeles County with nearby schools including Kester Avenue Elementary School, Van Nuys High School, and Ivy Bound Academy of Math Sci and Tech Charter Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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Frank Ponce
Listing Agent
Frank Ponce
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Coldwell Banker Realty
(747) 529-7168