4737 Kester Avenue, Sherman Oaks, CA 91403
Property · 2 recorded sales since 2019
Sold June 2023
Listing Agent: David Saghian (DRE #01992252) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Diana Makhtesyan · Fidelity Realty and Loans Inc · MLS #23279525 · Source: CRMLS
About this property
We are pleased to present a very rare and attractive value add investment property located in Prime Sherman Oaks sandwiched between Studio City and Encino. The property is walking distance to a myriad of fine dining, shopping, and entertainment options. Built in 2014 (Subject to Rent Stabilized Ordinance), 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 Sherman Oaks location with significant value-add potential with approximately 36% Upside in Market Rents. There is an excellent unit mix consisting of one Large 3 Bedroom / 2.5 Bathroom Townhome Unit that is suitable for an owner user, Six Spacious 2 Bedroom / 2 Bathrooms Units and One 1 Bedroom / 1 Bath Unit. All units are separately metered for gas & electric and have in-unit washer/ dryer. There is gated ample parking available on site for each of the units. In addition there is an assumable loan of $1,435,000 at a 3.15% interest rate for another 2.5 years.
Listing description from the June 2023 sale, as reported to CRMLS.
Sale history
