5640 Kester Avenue

Van Nuys, CA 91411

$1,650,000
Price
8
Beds
6
Baths
4,520 Sq. Ft.
$365 / Sq. Ft.
4,520
Sq. Ft.
$365
per Sq. Ft.

Description

Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom,one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value. As a key value-added...Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom,one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value. As a key value-added opportunity, the owner will provide RTI (Ready-to-Issue) plans for a two-unit accessory dwelling unit (ADU) on the property. These plans would add an additional 1,498 square feet of rentable space, offering immediate upside potential for increased income. With its prime location near major freeways, recreational facilities, and amenities, this property is a rare opportunity to acquire a strong, income-producing asset with significant future growth potential.
  1. Listed by Helen Abrishami • DRE #01298442 • Brokerage DRE #01268376 • Power Brokers

Property Details for 5640 Kester Avenue

Zoning
LARD1.5
Style
Other
Parcel Number
2244014026
Total Units
6.0
Living Area
4520
Source Living Area
Appraiser
Area
Sherman Oaks (SO)
Vacancy Rate
0
LISTING UPDATED: 01/20/2025 06:38 PM

Property Details for 5640 Kester Avenue

StatusActive Under Contract
MLS #24-467419
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.21 AC / 9,307 SF
CountyLos Angeles County

Building Information for 5640 Kester Avenue

Stories2Residences-Year Built1953Building Size-Lot Size0.21 AC / 9,307 SF

Property Information for 5640 Kester Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: mix
  • View: Yes
  • View Description: Other
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $112,500
  • Net Operating Income: $78,980.00
  • Gross Income: $117,117
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 36555
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2137
  • Lot Size Square Feet: 9307
  • Lot Size Dimensions: 65x143
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 6
  • Covered Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Garbage Disposal, Other, Range/Oven, Dishwasher
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Other
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-27-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,762.00
  • Unit Actual Rent: $1,762.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,970.00
  • Unit Actual Rent: $1,970.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,265.00
  • Unit Actual Rent: $1,265.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,612.00
  • Unit Actual Rent: $1,612.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,567.00
  • Unit Actual Rent: $1,567.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $764,205.00
  • Assessed Improvement Percent: 39.99
  • Assessed Land Value: $1,146,834.00
  • Assessed Land Percent: 60.01
  • Assessed Total Value: $1,911,039.00

Property History for 5640 Kester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5640 Kester Avenue

Taxable ValueLand$1,169,770Additions$780,989Total$1,950,759
Tax Record2024$24,477 ($2,040 / month)
Home Facts
Total Finished SqFt4,520 SqFtAbove Grade Finished SqFt4,520 SqFtLot Size9,304 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLARD1.5CountyLOS ANGELESAPN2244-014-026

Schools near 5640 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
Public - 9 to 12
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

Will Rogers Continuation 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Helen Abrishami, DRE #01298442

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.