10-Unit Townhouse-Style Apartment
5236 Kester Avenue, Sherman Oaks, CA 91411
For Sale
$2,950,000
Residents have central heating and air conditioning, hardwood flooring, fireplaces, and private patios.
Property Size9,409 SF
Price / SF$313.53
Days on Market490
Property Features for 5236 Kester Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
central air and heat
hardwood floors
fireplaces
private patios
on-site gated parking
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
(310) 503-4158
Listed By:
Frank Ponce · License CA #00861049
(310) 791-6017
Source:
Thesatoriestates
Added: Jul 9, 2025
Changed: Nov 8
Last Checked: Nov 9 at 7:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 9,409 square feet and was built in 1964. Townhouse-style layouts are complemented by central air conditioning and heat, hardwood floors, fireplaces, and private patios. The building has a new roof and completed soft-story seismic retrofitting, with gated parking on site.
The property is steps from the retail and dining corridor along Magnolia Boulevard. Freeway access is available via the 101 and 405.
The property is steps from the retail and dining corridor along Magnolia Boulevard. Freeway access is available via the 101 and 405.
Key Highlights
- 10 apartments in townhouse‑style layouts
- 9,409 square feet; built in 1964
- Central air and heat, hardwood floors, fireplaces, and private patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,398
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,027,960
$3.0M
Cap Rate 7%
$2,162,829
$2.2M
Cap Rate 9%
$1,682,200
$1.7M
Market Conditions
NOI Build-Up for 9,409 SF
Gross rent
$299.2K $31.80/SF
− Vacancy
−$23.9K −$2.54/SF
EGI
$275.3K $29.26/SF
− OpEx
−$123.9K −$13.17/SF
NOI
$151.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,027,960
Cap Rate 7%
$2,162,829
Cap Rate 9%
$1,682,200
Alternative Uses
Best Use
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,398 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,628 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have central heating and air conditioning, hardwood flooring, fireplaces, and private patios.
Where is this apartment building located?
The property is located at 5236 Kester Avenue Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10 apartments in townhouse‑style layouts; 9,409 square feet; built in 1964; Central air and heat, hardwood floors, fireplaces, and private patios
