4737 Kester Avenue | Sherman Oaks, CA 91403

SALE PRICE: $3,600,000

PRICE/UNIT: $450K          PRICE/SF: $418                  GRM: 15.85                 CAP RATE: 4.08%             

TRANSACTION HIGHLIGHTS

• RECORD HIGH $450,000/Unit for rent controlled apartment building in 91403 Zip Code!

• PROPERTY SOLD within 3 weeks of being on the market at 98% of the asking price. All cash offer and a 14 day close!

• VALUE ADD opportunity with over 35% upside in market rents

• AAA+ Sherman Oaks Location sandwiched between Studio City and Encino

• CLOSE PROXIMITY to a plethora of fine dining, grocery, entertainment and shopping options

• EXCELLENT Unit mix compromising (1) Three Bedroom, Two and a half bath townhome unit, (6) Two bedroom, two bath units and (1) one bedroom, one bath unit

• PROPERTY BUILT in 2014 subject to rent control

• SELLER represented by Michael Monempour and David Saghian