Homes for sale - 5453 Kester Ave, Sherman Oaks, CA 91411

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Naomi Kalkanoff

naomi.kalkanoff@engelvoelkers.com +1(310) 418-8546

$ 1,399,000

Est. payment -/mo

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Active

5453 Kester Ave Sherman Oaks, CA 91411

6 Beds

5 Baths

3,474 SqFt

UPDATED:

12/02/2024 05:47 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,474 sqft

Price per Sqft $402

MLS Listing ID 24-420811

Bedrooms 6

Year Built 1961

Lot Size 4,290 Sqft

Acres 0.0985

Property 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, 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.

Location

State CA

County Los Angeles

Area Sherman Oaks

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Forced Air

Cooling Wall Unit(s)

Equipment Range/Oven, Refrigerator, Ceiling Fan

Exterior

Parking Features Covered Parking, Garage - 4+ Car, Side By Side, Parking for Guests

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

Naomi Kalkanoff

Agent

+1(310) 418-8546

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