$2,950,000
+$50,0005236 Kester Avenue 6, Sherman Oaks CA 91411
Multi-Family (10 Units)
Property type
331 days
On market
$314
Price per sqft
6 cars
Garage
1964
Year built
12,545 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Frank Ponce DRE #00861049 310-791-6017, Coldwell Banker Realty, Anna Khomut DRE #01962287, Coldwell Banker Residential Br
Listing updated: May 1, 2026 at 01:38pm.
Last checked: Jun 4, 2026 at 04:00pm
Source: CRMLS #PV25148646
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 2 | 2 | — | $16,463 | $16,463 | $24,312 | Unfurnished |
| 2 | 1 | 1 | — | $3,236 | $3,236 | $4,564 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Dishwasher: 10
Disposal: 10
Ranges: 10
Refrigerator: 10
Rent Control: Yes
Tenant Pays: Cable Tv, Telephone
Financial Snapshot
Gross Rent Multiplier
12.4x
List Price / Annual Gross Rent
Cap Rate
5.21%
NOI / List Price
Gross Scheduled Income: $237,096
Vacancy Allowance Rate: 5%
Operating Expense: $36,002
Net Operating Income: $153,839
Annual Operating Expenses
Electric: $3,500
Gardener: $1,200
Insurance: $8,709
Maintenance: $6,000
Professional Management: $0
Trash: $6,924
Water / Sewer: $9,669
Interior
Flooring: Laminate, Vinyl
Cooling: Central Air, Gas
Heating: Wall Furnace
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator
Fireplace: Family Room
Laundry: Common Area
Accessibility: None
Entry Location: Front
Exterior
Architectural Style: Contemporary
Property Attached: Yes
Stories Total: 2
Roof: Asphalt
Foundation: Concrete Perimeter, Slab, Tie Down
Construction Materials: Asphalt, Concrete, Stucco
Property Condition: Turnkey
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Gated Community, Smoke Detectors
Lot Features: Zero To One Unit Acre, Sprinklers In Front
Pool: None
Spa: None
Fencing: Chain Link, Wood, Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Volts220
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Asphalt, Covered, Gated, On Site, Off Street, Paved, Private
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 2249022020
Additional Parcels: No
Tax Lot: 374
Zoning: LAR3
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Sidewalks, Valley, Gated
Nearby Schools
Nearby schools around the 5236 Kester Avenue 6, Sherman Oaks, CA 91411. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,360,000
Total Interest
$3,010,050
Total Payment
$5,370,050
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,140
per month
Property History for 5236 Kester Avenue 6
Sherman Oaks Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91411.
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