NOT LISTED FOR SALE

5726 Kester Ave Los Angeles, CA 91411

Van Nuys Neighborhood
10 Beds
6 Baths
5,206 Sq Ft
7,543 Sq Ft Lot

Last Sold January 07, 2021

Last sale price $1,305,000 $251 Per Sq Ft

23 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • 6 Car Garage
  • Kester Avenue Elementary School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of January 2021

Excellent opportunity to own a 6-unit apartment complex in Van Nuys that has been in the same family for over 40 years. The lot size is 7,543 square feet with approximately 5,206 rentable square footage. The property consists of 4 two bedroom and 1 bath units and 2 one bedroom and one bath units. Additional features include 6 detached covered parking spaces and separate laundry room. The property has separate gas and electricity meters. Located in a great area of Van Nuys with close access to the freeway, and close to restaurants, shopping and Metrolink. Fabulous upside! Seller may carry 1st TD with 50% down payment.

Last Agent to Sell the Property

Joseph Breckner

Coldwell Banker Realty License #00883666 Listed on: 11/09/2020

Coldwell Banker Realty

Last Buyer's Agent

Joseph Breckner

Coldwell Banker Realty License #00883666 Listed on: 11/09/2020

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1956

Lot Details

  • 7,543 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 5,206 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 15109
  • Assessor Parcel Number 2244013025

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,365
  • Maintenance Expense $7,809
  • Pest Control $1,320
  • Water Sewer Expense $7,200
  • New Taxes Expense $16,188
  • Operating Expense $37,682
  • Gross Income $79,746
  • Net Operating Income $44,464

Property Details

Home Type

Apartment

Year Built

Built in 1956

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.43
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 7200.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 2244013025
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 250.67

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Pest Control Expense: 1320.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7543.00
  • Lot Size Acres: 0.1732

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 15.75
  • Gross Operating Income: 79746.00
  • Gross Scheduled Income: 82212.00
  • Insurance Expense: 3365.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 7543.0000 Square Feet
  • Maintenance Expense: 7809.00
  • Net Operating Income: 44464.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37748.00
  • Rent Control: Yes
  • Total Actual Rent: 6851.00
  • Total Expenses: 37682.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16188.00
  • Tax Census Tract: 1284.00
  • Tax Lot: 1
  • Tax Tract Number: 15109

Range of Values:

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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 Change Sq Ft Price
01/07/2021 01/07/21 Sold $1,305,000 +0.8% $251 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $1,295,000 -0.8% $249 / Sq Ft
11/25/2020 11/25/20 Off Market $1,305,000 -- --
11/09/2020 11/09/20 For Sale $1,295,000 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph Breckner

    Seller's Agent in 2021

    Joseph Breckner

    Coldwell Banker Realty

    (818) 528-2291

    1 in this area

    70 Total Sales

    Joseph Breckner
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20218832

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91411 Van Nuys

5726 Kester Ave, Los Angeles, CA

This home is located at 5726 Kester Ave, Los Angeles, CA 91411 since 09 November 2020. This property was built in 1956. 5726 Kester Ave is a home located in Los Angeles County with nearby schools including Kester Avenue Elementary School, Van Nuys High School, and Ararat Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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