NOT LISTED FOR SALE

5723 Kester Ave Van Nuys, CA 91411

Estimated Value: $893,000 - $1,316,590

4 Beds
2 Baths
1,872 Sq Ft
$619/Sq Ft Est. Value

Last Sold October 25, 2023

Last sale price $825,000 $441 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,929/month

225 Days on Market

Highlights

  • 2 Car Garage
  • Bungalow
  • 1-Story Property
  • Kester Avenue Elementary School Rated A

About This Home

As of October 2023

Do not miss this opportunity to purchase an income property in the Valley! Located in the Van Nuys neighborhood, this charming duplex is fully occupied and features a total of 4BR/2BA (each unit is 2BR/1BA). Detached 2-car garage. Conveniently located to golf courses, trendy shopping, dining, entertainment, and DTLA. A true must-see! *Do not disturb occupants.

Last Agent to Sell the Property

Tiffany Dalgic

Coldwell Banker Realty License #01896614 Listed on: 02/02/2023

Coldwell Banker Realty

Last Buyer's Agent

Zohar Daniel

Equity Union License #01834710

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,000 Sq Ft Lot

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2243-014-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1872
  • Lot Acreage: 0.1377
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 480.72

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car, Garage Is Detached, On street
  • Total Parking: 2

Utilities

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

Lot Info

  • Assessed Improvement Percent: 36.59
  • Assessed Improvement Value: 173270
  • Assessed Land Percent: 63.41
  • Assessed Land Value: 300337
  • Total Assessed Value: 473607
  • Assessor Parcel Number: 2243-014-029
  • Lot Size Area: 6000

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Duplex

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Oct 4, 2023
Sold by
Tah 2D18-1 Borrower Llc
Bought by
Assulin Yakir
Seller's Agent
Tiffany Dalgic
Coldwell Banker Realty
Buyer's Agent
Zohar Daniel
Equity Union
List Price
$1,100,000
Sold Price
$825,000
Premium/Discount to List
-$275,000
-25%
Views
197
Current Estimated Value
$1,159,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,648
Avg. Annual Appreciation
17.07%
Original Mortgage
$425,000
Outstanding Balance
$416,737
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$742,911

Purchase Details

Closed on
Apr 18, 2018
Sold by
Tah 2015 1 Borrower Llc
Bought by
Tah 2018 1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,965,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2015
Sold by
Turnstone Holding I Lp
Bought by
Tah 2015-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2014
Sold by
Turnstone Flip Llc
Bought by
Turnstone Holding I Lp

Purchase Details

Closed on
Jul 24, 2013
Sold by
Pae Greene Properties Ltd
Bought by
Turnstone Flip Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Assulin Yakir $825,000 Lawyers Title
Tah 2018 1 Borrower Llc -- Os National Llc
Tah 2015-1 Borrower Llc -- Fidelity Natl Title Group
Turnstone Holding I Lp -- Old Republic Title Company
Turnstone Flip Llc $316,003 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Assulin Yakir $425,000
Previous Owner Tah 2018 1 Borrower Llc $339,965,000
Previous Owner Tah 2015-1 Borrower Llc $380,274,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2023 10/25/23 Sold $825,000 -8.3% $441 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/07/2023 09/07/23 Price Changed $899,900 -1.1% $481 / Sq Ft
08/23/2023 08/23/23 Price Changed $910,000 -2.2% $486 / Sq Ft
08/10/2023 08/10/23 Price Changed $930,000 -1.1% $497 / Sq Ft
07/27/2023 07/27/23 Price Changed $940,000 -1.1% $502 / Sq Ft
07/12/2023 07/12/23 Price Changed $950,000 -1.0% $507 / Sq Ft
06/29/2023 06/29/23 Price Changed $960,000 -1.0% $513 / Sq Ft
06/16/2023 06/16/23 Price Changed $970,000 -1.0% $518 / Sq Ft
06/02/2023 06/02/23 Price Changed $980,000 -1.0% $524 / Sq Ft
05/05/2023 05/05/23 Price Changed $990,000 -7.5% $529 / Sq Ft
04/21/2023 04/21/23 Price Changed $1,070,000 -0.9% $572 / Sq Ft
04/06/2023 04/06/23 Price Changed $1,080,000 -0.9% $577 / Sq Ft
03/15/2023 03/15/23 Price Changed $1,090,000 -0.9% $582 / Sq Ft
02/02/2023 02/02/23 For Sale $1,100,000 -- $588 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,230 $841,500 $504,900 $336,600
2024 $10,230 $825,000 $495,000 $330,000
2023 $6,126 $483,078 $306,343 $176,735
2022 $5,846 $473,607 $300,337 $173,270
2021 $5,769 $464,322 $294,449 $169,873
2020 $5,824 $459,562 $291,430 $168,132
2019 $5,599 $627,039 $400,788 $226,251
2018 $7,553 $614,745 $392,930 $221,815
2016 $7,211 $590,875 $377,673 $213,202
2015 $5,154 $418,191 $265,194 $152,997
2014 $5,181 $410,000 $260,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tiffany Dalgic

    Coldwell Banker Realty

    (310) 993-2612

    1 in this area

    114 Total Sales

    Tiffany Dalgic
    Section Image
  • Zohar Daniel

    Buyer's Agent in 2023

    Zohar Daniel

    Equity Union

    (818) 930-1806

    1 in this area

    42 Total Sales

    Zohar Daniel
    Section Image
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Map

Source: The MLS

MLS Number: 23-238525

The MLS

APN: 2243-014-029

California Los Angeles County Van Nuys 91411

5723 Kester Ave, Van Nuys, CA

Not Listed for Sale

MultiFamily

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