4727 Kester Avenue, Sherman Oaks, CA 91403
Property
Sold October 2023
Listing Agent: David Saghian (DRE #01992252) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: David Saghian · Kidder Mathews of California, Inc. · MLS #23286901 · Source: CRMLS
About this property
The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Encino. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to a plethora of fine dining, shopping, and entertainment option. Built in 1984, the asset is not under Radical Los Angeles Rent Control, under AB 1482 the owner will be able to raise rents 8.8% per year. The asset is well maintained with little to no deferred maintenance. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Five 1 Bedroom / 1 Bathroom, Five 2 Bedroom/ 1 Bathroom, Four 2 Bedroom / 2 Bathroom & One 2 Bedroom / 2.5 Bathroom Townhome Unit, very desirable for today's rental market. There is subterranean gated parking and with ample space. All units are separately metered Gas and Electrics. This Valuable Asset is available for Sale for the first time in 32 Years!
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history