4737 Kester Avenue Sherman Oaks, CA 91403
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.
property details
Interior Features
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Exterior Features
Utility & Building Info
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Price History
| date | event | price | source |
|---|---|---|---|
|
06/28/2023
06/28/2023
|
Sold |
$3,600,000
|
CA Regional MLS (CRMLS) |
|
06/21/2023
06/21/2023
|
Pending |
$3,650,000
|
CA Regional MLS (CRMLS) |
|
06/12/2023
06/12/2023
|
Active |
$3,650,000
|
CA Regional MLS (CRMLS) |
Market Trends
Source: Constellation1
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