5660 Kester AveLos Angeles, CA 91411

  • Residential income properties
  • 4,000 SF
For Sale
$1,600,000 View listing

Property Details for 5660 Kester Ave

Year built
1951
Construction
WOOD
Lot size
0.16 AC
Property size (Sq ft)
4,000 SF
Zone code
LARD1.5
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
2244-014-023
APU
2244014023

Description

This exceptional 5-unit apartment building presents a compelling investment opportunity in the desirable Sherman Oaks neighborhood of Los Angeles, CA. Located on a corner lot at 5660 Kester Ave, near Burbank Blvd, this property boasts a total of 4,000 square feet on a 7,157 square foot lot (APN 2244-014-023). Built in 1951 and zoned LARD1.5, the property offers significant potential for value appreciation. Each of the five units averages over 750 square feet, featuring spacious layouts with large kitchens, breakfast nooks, ample bedrooms, and hardwood floors throughout. The asking price is $1,600,000, representing a price per unit of $320,000 and a price per square foot of $400. The current cap rate stands at 3.30%, with market cap estimated at 8.6%. A significant upside potential exists, exceeding 50% in rental income, and the property offers the possibility of constructing two additional dwelling units (ADUs), projected to generate an extra $4,400 per month in rental income. This property's attractive location, strong curb appeal, and substantial value-add potential make it an ideal long-term addition to any investment portfolio. The property is situated in Los Angeles County, zip code 91411.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,435,811
    6.5%
    $1,325,364
    7%
    $1,230,695
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,178,992
    Geo Method
    $1,178,992
  • Alternative Use

    Use
    Valuation
    Residential
    $1,325,364
    Hospitality
    $1,214,026
    Educational
    $1,010,056
    Medical
    $1,044,793
    Retail
    $1,571,198
5660 Kester Ave, Los Angeles, California

Location Insight

City
Van Nuys
County
Los Angeles
State
California
Latitude
34.1739
Longitude
-118.457
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,099
$605,820
$405,381
$1,011,201
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].