5453 Kester Avenue
$1,399,000
6
5
3,474
3,474
$403
Description
Welcome to a premier investment opportunity in Sherman Oaks! This attractive four-unit apartment building offers remarkable value for investors. Nestled in the sought-after Sherman Oaks area, the property features a blend of one and two-bedroom apartments. Zoned R3, it includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, alongside three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building's excellent condition,...Welcome to a premier investment opportunity in Sherman Oaks! This attractive four-unit apartment building offers remarkable value for investors. Nestled in the sought-after Sherman Oaks area, the property features a blend of one and two-bedroom apartments. Zoned R3, it includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, alongside three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building's excellent condition, with updates such as new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and artificial turf. Units 1 and 3 have been extensively renovated, featuring new laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully renovated bathrooms with new tile, fixtures, and cabinets. Building amenities include common area laundry facilities, individually metered gas and electricity, secured entry, a combination of gated and garage parking, and additional onsite guest parking. Situated in a vibrant Sherman Oaks neighborhood, this property is close to excellent shopping, fine dining, and entertainment options. Its ideal location offers easy access to the 101 and 405 Freeways, enhancing connectivity to surrounding areas. Outdoor enthusiasts will enjoy the nearby parks, including Lake Balboa Park, which will be a venue for the 2028 LA Olympics. The consistently high demand for one-bedroom units ensures stable rental income, making this property a reliable and profitable investment. With its excellent location and appealing neighborhood, this turn-key asset provides a rare opportunity in one of LA's most dynamic and stable markets, ideal for investors seeking long-term wealth preservation and consistent returns.
- Listed by Denise Snanoudj • DRE #01101684 • Brokerage DRE #01738973 • The Agency
Property Details for 5453 Kester Avenue
Zoning
LAR3
Parcel Number2250016033
Total Units4.0
Living Area3474
Source Living AreaVendor Enhanced
AreaSherman Oaks (SO)
Vacancy Rate0
Lot Size Area4290
LISTING UPDATED: 10/14/2024 01:35 PM
Property Details for 5453 Kester Avenue
Status | Active |
---|---|
MLS # | 24-420811 |
Days on Market | 112 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.10 AC / 4,290 SF |
County | Los Angeles County |
Building Information for 5453 Kester Avenue
Stories-Residences-Year Built1961Building Size-Lot Size0.10 AC / 4,290 SF
Property Information for 5453 Kester Avenue
Property History for 5453 Kester Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5453 Kester Avenue
Taxable ValueLand$732,233Additions$488,155Total$1,220,388
Tax Record2024$15,083 ($1,257 / month)
Home Facts
Total Finished SqFt3,474 SqFtAbove Grade Finished SqFt3,474 SqFtLot Size4,290 SqFtStyleQuadraplexYear Built1961ZoningLAR3CountyLOS ANGELESAPN2250-016-033
Schools near 5453 Kester Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Kester Avenue Elementary School PublicK to 5 | ||
Van Nuys Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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