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Multifamily

5660 Kester Ave

5660 Kester Ave, Sherman Oaks, CA 91411

Listing Price: $2,000,000

Cap Rate
2.28%
Number of Units
5
Price/Unit
$400,000
Price/Gross SF
$500.00
Gross SF
4,000

Investment Overview

Pristine multi-family complex located on the desirable Kester Avenue, in the city of Sherman Oaks. Property has great curb appeal with a front attached main house and four large bright units in the back, lush landscaping, new exterior paint, and well maintained walk ways and common areas. Parking is available in free-standing garages located at the rear of the property providing the opportunity to add 2 ADUs to this asset to existing enclosed garages for additional rental income. The Kester Avenue Apartments have low operating costs and feature copper plumbing throughout, new windows and individual water heaters in each apartment. Tenants pay for electric and gas expenses with the owner of the property being responsible for payment of gas for the laundry room only. Trash is collected as part of the bill at no additional cost to the owner.

Investment Highlights

  • Desirable well-maintained 5- unit asset located on large lot in Sherman Oaks
  • Main house is comprised of 2 bedrooms and 1 bath and is attached to an attractive two story structure containing four large 1 bedroom/1 bath bright units
  • No seismic retrofit needed
  • Possibility of converting the existing free-standing enclosed garages into ADU apartments
  • Copper plumbing throughout
  • New exterior paint and windows
  • Lush landscaping
  • Alley on the north side of the property

Exclusively Listed By

Financing By

Multifamily

5660 Kester Ave

Listing Price: $2,000,000

Cap Rate
2.28%
Number of Units
5
Price/Unit
$400,000
Price/Gross SF
$500.00
Gross SF
4,000

Investment Highlights

  • Desirable well-maintained 5- unit asset located on large lot in Sherman Oaks
  • Main house is comprised of 2 bedrooms and 1 bath and is attached to an attractive two story structure containing four large 1 bedroom/1 bath bright units
  • No seismic retrofit needed
  • Possibility of converting the existing free-standing enclosed garages into ADU apartments
  • Copper plumbing throughout
  • New exterior paint and windows
  • Lush landscaping
  • Alley on the north side of the property

Investment Overview

Pristine multi-family complex located on the desirable Kester Avenue, in the city of Sherman Oaks. Property has great curb appeal with a front attached main house and four large bright units in the back, lush landscaping, new exterior paint, and well maintained walk ways and common areas. Parking is available in free-standing garages located at the rear of the property providing the opportunity to add 2 ADUs to this asset to existing enclosed garages for additional rental income. The Kester Avenue Apartments have low operating costs and feature copper plumbing throughout, new windows and individual water heaters in each apartment. Tenants pay for electric and gas expenses with the owner of the property being responsible for payment of gas for the laundry room only. Trash is collected as part of the bill at no additional cost to the owner.

Exclusively Listed By

Financing By

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