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5640 Kester Avenue

Van Nuys, CA 91411
  • $1,650,000
  • STATUS: Active Under Contract
  • ON SITE: 74 Days
  • ID#: 24467419
Under Contract
UPDATED: 32 min ago
$1,650,000
  • 8
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,520
    SQFT
  • $365
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Helen Abrishami of Power Brokers (424-738-5900)


Description

Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom,one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value.As a key value-added opportunity, the owner will provide RTI (Ready-to-Issue) plans for a two-unit accessory dwelling unit (ADU) on the property. These plans would add an additional 1,498 square feet of rentable space, offering immediate upside potential for increased income. With its prime location near major freeways, recreational facilities, and amenities, this property is a rare opportunity to acquire a strong, income-producing asset with significant future growth potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T10:26:22.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/158346606
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5640 Kester Avenue Van Nuys, CA 91411

  • Price: $1,650,000
  • Status: Active Under Contract
  • On Site: 74 Days
  • Updated: 32 min ago
  • ID#: 24467419
8
Beds
0
Baths
0
½ Baths
0.21
Acres
4,520
SQFT
$365
$/SQFT
1953
Built
Neighborhood:
SO - Sherman Oaks
County:
Los Angeles
Area:
SO - Sherman Oaks
Property Description
Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom,one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value.As a key value-added opportunity, the owner will provide RTI (Ready-to-Issue) plans for a two-unit accessory dwelling unit (ADU) on the property. These plans would add an additional 1,498 square feet of rentable space, offering immediate upside potential for increased income. With its prime location near major freeways, recreational facilities, and amenities, this property is a rare opportunity to acquire a strong, income-producing asset with significant future growth potential.
Exterior Features

Architectural Style See Remarks Parking Features Garage Parking Total 6 Pool Features None Pool Private YN No Roof Other Spa Features None Spa YN No View YN Yes

Interior Features

Appliances DishwasherDisposal Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Garage YN Yes Gross Income 117117 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 78980 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T10:26:22.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Helen Abrishami of Power Brokers (424-738-5900)