NOT LISTED FOR SALE

4753 Kester Ave Sherman Oaks, CA 91403

6 Beds
7 Baths
5,650 Sq Ft
8,636 Sq Ft Lot

Last Sold September 20, 2016

Last sale price $1,725,000 $305 Per Sq Ft

168 Days on Market

About This Home

As of September 2016

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).

Last Agent to Sell the Property

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 11/24/2015

Last Buyer's Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 11/24/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,636 Sq Ft Lot

Interior Spaces

  • 5,650 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2264-021-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5650
  • Stories: 2
  • Year Built: 1976
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 318.41

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 184294
  • Assessed Land Value: 276445
  • Assessor Parcel Number: 2264-021-024
  • Geocode Override: No
  • Lot Size Area: 8636

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.79
  • Number Of Units: 6
  • Total Annual Expense: 42982
  • Type Of Units: Multi Family
  • Vacancy Rate: 5

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2016 09/20/16 Sold $1,725,000 -14.8% $305 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $2,025,000 +51.1% $358 / Sq Ft
03/25/2015 03/25/15 Sold $1,340,000 +4.0% $237 / Sq Ft View Prior Sale
02/20/2015 02/20/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $1,289,000 -- $228 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Louks

    Seller's Agent in 2016

    Jeff Louks

    Marcus & Millichap

    (818) 212-2700

    5 in this area

    65 Total Sales

    Jeff Louks
    Section Image
  • Gail Salem

    Seller's Agent in 2015

    Gail Salem

    Berkshire Hathaway HomeServices California Properties

    (818) 516-1546

    5 in this area

    45 Total Sales

    Gail Salem
    Section Image

  • N

    Buyer Co-Listing Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,949 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: The MLS

MLS Number: 15-961415

The MLS
California Los Angeles County Sherman Oaks 91403

4753 Kester Ave, Sherman Oaks, CA

This home is located at 4753 Kester Ave, Sherman Oaks, CA 91403 since 24 November 2015. This property was built in 1976. 4753 Kester Ave is a home located in Los Angeles County with nearby schools including Van Nuys High School, Sherman Oaks Elementary Charter School, and Ivy Bound Academy of Math Sci and Tech Charter Middle.

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