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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,950,000

Est. payment - /mo

3 Beds

3 Baths

0.29 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25148646

Bedrooms 3

Lot Size 0.288 Acres

Property Sub-Type Res Income 2-4 Units

Property 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 desirewalkable amenities, top-rated schools, trendy cafes, fitness studios, and convenient freeway access via the 101 and 405. Its 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 gemgated, private, and exclusivenestled 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

Location

State CA

County Los Angeles

Zoning Assessor

Direction Coming off 405 North to Burbank Blvd. to Kester Avenue.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 2249022020

Acceptable Financing Cash, Conventional, Exchange, Land Contract

Listing Terms Cash, Conventional, Exchange, Land Contract

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Listed by Frank Ponce, DRE#00861049 Coldwell Banker Realty

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

5236 Kester Avenue Sherman Oaks, CA 91411

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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