REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Feb

Wed

Feb

Thu

Feb

Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 376-8652

$3,190,000

Est. payment - /mo

0.29 Acres Lot

Save

UPDATED:

02/12/2025 03:45 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PV24209584

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area, In Garage

Exterior

Carport Spaces 6

Fence Wrought Iron

Community Features Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 12

Building

Lot Description 0-1 Unit/Acre, Sprinklers In Front, Landscaped, Walkstreet

Story 2

Water Public

Others

Tax ID 2249022020

Security Features Gated Community

Acceptable Financing Contract, Owner May Carry

Listing Terms Contract, Owner May Carry

Special Listing Condition Standard

Read Less Info

Listed by Frank Ponce • Coldwell Banker Realty • 310-503-4158

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

5236 Kester AVE #6 Sherman Oaks, CA 91411