4753 KESTER Avenue, Sherman Oaks, CA 91403

About this property

Great Owner/User Opportunity. This 6 unit multifamily property located at 4753 Kester Avenue in prime Sherman Oaks, CA. Built in 1976, the property consists of 2 single/one-bathroom units, 3 one-bedroom/one-bathroom units and 1 three-bedroom/two-bathroom unit. The three-bedroom/two-bathroom unit is approximately 1,800 square feet, and provides an excellent owner/user opportunity. With low current rents, the property provides an excellent opportunity for an operator to increase market rents through a more aggressive management style and renovation program. The square footage of the building is 5,650 square feet and the lot size is 8,635 square feet (per public record). The property is LAR3 zoned, providing a potential development opportunity (buyer to conduct its own investigation).

Listing description from the September 2016 sale, as reported to CRMLS.

Sale history

$1,725,000

Sold September 2016 · listed $1,799,000, orig. $2,025,000, on market November 2015 · MLS #15961415 · Source: CRMLS

Listing Agent: Jeffrey Louks · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jeffrey Louks · Marcus & Millichap

$1,340,000

Sold March 2015 · listed $1,289,000, on market January 2015 · MLS #SR15013808 · Source: CRMLS

Listing Agent: Gail Salem · Listing Office: Berkshire Hathaway HomeServic · Contact: 818-501-4800 · Bought with: Jeffrey Louks · Marcus & Millichap

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