4737 Kester Ave, Sherman Oaks, California, United States

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Home For Sale

$3,650,000

4737 Kester Ave
Sherman Oaks, California, United States

16bd 16ba

Listed By: Realtyww Info

Listed On: 06/16/2023

Listing ID: GL10052821 View More Details

Description

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 and 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.

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Listed by: Kidder Mathews Of California, Inc.

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