5453 Kester Ave Sherman Oaks, CA 91411
Active
$1,399,000
4 Units
6 Beds
5 Baths
3,474 Area(sq.ft.)
4,290 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 2,938 | $ 2,938 | $ 3,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,132 | $ 1,132 | $ 2,100 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,950 | $ 1,950 | $ 2,300 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,127 | $ 1,127 | $ 2,100 |
| 4 | 4 | 5 | 5 | $ 7,147 | $ 7,147 | $ 10,000 |
| MLS #: | 24-420811 |
| Days On Market: | 126 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 403 |
| Price per unit: | $ 349,750 |
| Year Built: | 1961 |
Property Details
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.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 83,808 |
| Total Annual Expense: | $ 26,328 |
| Net Operating Income: | $ 57,480 |
| Gross Annual Income: | $ 83,808 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 6.00 |
Structure
| Type of Units: | Apartmant |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking, Garage - 4+ Car, Side By Side, Parking for Guests |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven, Refrigerator, Ceiling Fan |
| Heating: | Forced Air |
Exterior
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