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Sold for $1,300,000 on 03/07/25
  • $1,300,000

    5453 Kester Ave, Van Nuys, CA 91411

    6beds
    5baths
    3,474sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $1,273,800 Zestimate®
    $374/sqft
    $2,335 Estimated rent

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    $2,335/mo

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    $2,335/mo

    Rent Zestimate®

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    $8,133/mo

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    $8,133/mo

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    What's special

    Welcome to an exceptional investment opportunity in Sherman Oaks! This four-unit apartment building offers outstanding value for investors looking to capitalize on one of Los Angeles' most desirable neighborhoods. The property features a mix of one- and two-bedroom units, all situated in a prime location within this sought-after community.Zoned R3, the property includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, along with three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building is in excellent condition, with upgrades including new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and low-maintenance artificial turf.Units 1 and 3 have undergone extensive renovations, featuring sleek laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully updated bathrooms with new tile, fixtures, and cabinetry.Building amenities include common area laundry facilities, individually metered gas and electricity, secure entry, a combination of gated and garage parking, plus additional guest parking.Located in a vibrant Sherman Oaks neighborhood, the property offers easy access to premier shopping, dining, and entertainment, as well as quick connections to the 101 and 405 Freeways. Outdoor enthusiasts will appreciate the proximity to nearby parks, including Lake Balboa Park, which will host events during the 2028 LA Olympics.With consistently strong demand for one-bedroom units, this property ensures stable rental income and long-term profitability. Its ideal location and well-maintained condition make it a rare, turn-key investment opportunity in one of LA's most dynamic and resilient real estate markets. This is the perfect opportunity for investors seeking long-term wealth preservation and reliable returns.

    Zillow last checked: 8 hours ago

    Listing updated: March 07, 2025 at 02:29am

    Listed by:

    Denise Snanoudj DRE # 01101684 323-646-8866,

    The Agency 424-230-3700,

    Arya Astani DRE # 02214133 310-488-7661,

    The Agency

    Bought with:

    Armine Nalbandyan, DRE # 02238909

    LA Premier Realty

    Source: CLAW,MLS#: 25-485851MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Forced Air
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Range/Oven, Refrigerator
    Features
    • Ceiling Fan(s)
    Interior area
    • Total structure area: 3,474
    • Total interior livable area: 3,474 sqft

    Property

    Parking
    • Parking features: Covered, Garage - 4+ Car, Side By Side, Guest
    • Has garage: Yes
    Features
    • Levels: Two
    Lot
    • Size: 4,290 sqft
    Details
    • Additional structures: Other
    • Parcel number: 2250016033
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1961

    Community & neighborhood

    Location
    • Region: Van Nuys
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    Estimated market value
    $1,273,800