Property History
Property Type
Property Type
Marketing Description
Marcus & Millichap is pleased to announce a Pride-of-Ownership building in Sherman Oaks with the much desired unit mix of four 2+2, four 2+1, and five 1+1 apartments. The subject property is located on Burbank Boulevard at Kester Avenue. It features large and bright units, high ceilings and great curb appeal enhanced with an impressive frontage on the boulevard. Current rents at the property are strong and will be further enhanced with one vacant unit fetching full market rent. Six of the apartments have recently been fully remodeled with new windows, new cabinets, new flooring and air-conditioning units. The property was recently painted with common areas and walkways resurfaced. The excellent location of this investment is marked by easy access to major freeways connecting the San Fernando Valley market to major employment, dining and shopping facilities of the Westside, Hollywood, Burbank, and Downtown Los Angeles. Ideal asset for long-term investment, significant appreciation and continued increase in rental demand.
Investment Highlights
- Rare investment opportunity in the much desired rental market of Sherman Oaks
- Excellent unit mix of four (2+2), four (2+1) and 5 (1+1) apartments
- Assumable Loan at 3.15% Interest Only for the next 4.5 years (approx.)
- Strong in-place rents with considerable upside
- Fourteen parking spaces
- Laundry room onsite
- New water heater
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
KW Commercial is proud to represent the 13 unit apartment building in the affluent neighborhood of Sherman Oaks. The unit mix consists of (8) 2 bedroom 1 bath units and (5) one bedroom one bath units. The building is a total of 10,066 square feet and is situated on a 10,664 square foot lot. Some of the units have been upgraded with new cabinets and granite countertops. The tenants enjoy close proximity to the Sherman Oaks Galleria, Sherman Oaks Fashion square, and numerous upscale restaurants on Ventura Blvd. The property is in close proximity to the 405 and 101 freeways and is surrounded by an established residential tree-lined neighborhood. The property is separately metered for gas and electricity. An astute investor will enjoy low interest rates and the increase in rents over time.
Investment Highlights
- Excellent Sherman Oaks Rental Pocket
- Large 10,066 Square Foot Lot With Courtyard Pool
- Great Unit Mix Of Ones And Two Bedroom Units
- Upside In Rents. Under 12 G.R.M On Market Rents
- Some Remodeled Units With Granite & New Cabinets
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
[Q]R3-1 ResidentialMulti FamilyQualified Multiple Residential
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View all 676 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold on
BY:
Cindy Hill PRO
•••.•••.4360
•••••hill@••••••••••••••••••••.com
Listing removed on
BY:
Janette Monfared
•••.•••.2752
•••••••.••••ared@•••••••••••••••.com
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