List Search
  • Save

5456 Kester Ave

Sherman Oaks, CA 91411

$1,124,999

Apartments For Sale  •  2,365 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 2,365 Sq Ft
  • Lot Size 0.14 ac
  • Building Class B
  • Year Built 1949
  • Cap Rate 5.58 %
  • Zoning LARD2
47 Transit Score
63 Walk Score

Description

.Investors dream: Two captivating homes (legal duplex) on a large 6,000 sq ft lot with almost 2,400 sq ft of living space. High-Income property receiving almost $77,000 in annual rental income. Outstanding GRM of 14.9 and CAP Rate of 5 for Sherman Oaks area. 5454 & 5456 Kester Ave. Located in prime neighborhood of Sherman Oaks within walking distance to sought after and highly-rated Kester Ave Elementary School and close to Ventura Blvd and all it offers. Excellent investment with high rental income, perfect for turn-key investment with rental income to pay your mortgage. Main house is fully remodeled and has 2 bedrooms + family room w/ closet w/sliding door view of spa -could be 3rd bedroom (seller has approved city permit for buyer to convert into 3rd bedroom) + 1+3/4 baths + living room w/ fireplace + brand new kitchen w/ soft close cabinets, quartz countertops, & stainless steel appliances + central hvac+ NEST + hardwood floors + recessed lights + 2-car garage w/ alley access in addition to a large private landscaped yard with fireplace and Spa perfect for gardening, children playing or entertaining family and friends. Second home located in front is beautifully upgraded 2 bedrooms + 1 bath with its own separate in-unit washer/dryer. Please do not walk on property or disturb tenants.

Highlights

high rental income

Property Flyers

Financial Summary (Actual)

Net Operating Income: $62,745 (2019)
Cap Rate: 5.58 %
Total Expenses: $13,971

Amenities

  • Spa

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys Commuter Rail (Ventura County Line) 4 min - 1.7 mi
Burbank-Bob Hope Airport Commuter Rail (Ventura County Line) 21 min - 8.4 mi
AirportDriveWalkDistance
Bob Hope Airport 21 min - 8.4 mi
Los Angeles International Airport 21 min - 20.1 mi
Long Beach-Daugherty Field Airport 39 min - 39.4 mi
Sara Mehrpouyan 818-903-2040 RedFin
Sara Mehrpouyan 818-903-2040 RedFin