5453 Kester Avenue
Sherman Oaks, CA, 91411 $ 1,350,000
Baths0.0 Sq 3,474 Monthly Estimate*
$ 8,312
Studio for $1,350,000. This 3,474 square foot home was built in 1961 on a lot size of 0.1.
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.
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FeaturesInteriorInterior Amenities Ceiling Fan(s)
Kitchen Appliances Refrigerator
Heating Y/N Yes
Total Baths 0
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GeneralHeating Forced Air
Zoning LAR3
Year Built 1961
Levels Two
County Los Angeles
Net Operating Income 57480.0
New Construction No
Property Type C
HOA No
Status Pending
City Sherman Oaks
Senior Community Y/N No
MLS Area SO - Sherman Oaks
Lot Size Units Square Feet
Lot Size Square Feet 4290.0
Standard Status Pending
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ExteriorParking Features Covered Guest Side by Side
Lot Size Area 4290.0
Building Area Total 3474.0
Lot Size Acres 0.1
Land Lease Type Fee
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* Excluded FeaturesList ByDenise SnanoudjListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $8,312
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Sherman Oaks, CA
Average List Price $2,318,024
Percent of Sale Price 72%
About Sherman Oaks, CA 49,360 Population
0% Since 2002
$ 0 Median Income
0 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/21/2025 | $1,350,000 | | Listed Price |