4957 Kester Ave | Sherman Oaks, CA 91403
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4957 Kester Ave
Sherman Oaks, CA 91403
Mostly 2&3 BR | 5.7% CAP | Near Ventura Blvd · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Highest CAP Rate and Lowest GRM Currently Available in Sherman Oaks
- Desirable Sherman Oaks Location Near Valleyheart Drive – Only Four Blocks to Premium Dining and Shopping Along Ventura Boulevard
- Vast Majority of Units Already Leased at or Near Market Rental Rates, Providing the New Owner a Rental Income Base Almost Unaffected by Rent Control
- Excellent Unit Mix – 85% of the Apartments Contain Two or Three Bedrooms
- Over 78% of Units Thoroughly Remodeled in Recent Years, Featuring Custom Calacatta Quartz Countertops and French Oak-Inspired Wood Flooring
- New Roof and Gutters in 2019, Modern Wood Cladding Façade, Upgraded Windows and Decking, Newly Repaved Asphalt, Substantial Amount of Copper Plumbing
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 12,925 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,925 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Oven
- Range
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,117 | 650 |
| 2+1 | 3 | $2,083 | 800 |
| 2+1.5 | 6 | $2,832 | 800 - 950 |
| 3+1.5 | 2 | $2,988 | 1,100 |
| 3+2 | 1 | $3,499 | 1,100 |
PROPERTY TAXES
| Parcel Number | 2263-013-024 | Improvements Assessment | $2,610,313 |
| Land Assessment | $1,740,206 | Total Assessment | $4,350,519 |
PROPERTY TAXES
Parcel Number
2263-013-024
Land Assessment
$1,740,206
Improvements Assessment
$2,610,313
Total Assessment
$4,350,519
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