NOT LISTED FOR SALE

5734 Kester Ave van Nuys, CA 91411

Van Nuys Neighborhood

Estimated Value: $989,000 - $1,266,000

2 Beds
1 Bath
1,835 Sq Ft
$621/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $833,250 $454 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,128/month

8 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Rectangular Lot
  • Kester Avenue Elementary School Rated A-
  • Landscaped
  • 1-Story Property

About This Home

As of June 2020

We are proud to represent this pride of ownership duplex in an excellent Van Nuys rental pocket.

The property consists of (2) two-bedroom, one-bathroom units. Both units have been upgraded with new kitchens and bathroom. With a lot size of 7,415 square feet, the property has a total of 1,835 rentable square feet – which means both units are spacious. The units feature hardwood floors and in-unit washer and dryers. The property has a pitched roof and copper plumbing.

The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

The property is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 04/09/2020

Equity Union

Last Buyer's Agent

Joseph Breckner

Coldwell Banker Realty License #00883666

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,022

Year Built

  • Built in 1955

Lot Details

  • 7,145 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,835 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 20786
  • Assessor Parcel Number 2244013006

Community Details

Overview

  • 2 Units
  • Valley

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $1,246
  • Insurance Expense $1,041
  • Water Sewer Expense $2,372
  • New Taxes Expense $9,981
  • Operating Expense $18,580
  • Gross Income $56,880
  • Net Operating Income $36,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,022

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2372.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2244013006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 454.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Yard
  • Lot Size Sq Ft: 7145.00
  • Lot Size Acres: 0.1640

Multi Family

  • Fuel Expense: 1246.00
  • Gross Income: 56880.00
  • Gross Scheduled Income: 56880.00
  • Insurance Expense: 1041.00
  • Lot Size Area: 7145.0000 Square Feet
  • Net Operating Income: 36593.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 18580.00
  • Rent Control: No
  • Total Expenses: 18580.00

Tax Info

  • New Taxes Expense: 9981.00
  • Tax Census Tract: 1284.00
  • Tax Lot: 6
  • Tax Tract Number: 20786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
May 4, 2020
Sold by
Peskind Craig M and Peskind Barbara J
Bought by
Linthorpe Llc
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Joseph Breckner
Coldwell Banker Realty
List Price
$875,000
Sold Price
$833,250
Premium/Discount to List
-$41,750
-4.77%
Current Estimated Value
$1,139,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,266
Avg. Annual Appreciation
6.17%
Original Mortgage
$99,000
Outstanding Balance
$88,111
Interest Rate
3.3%
Mortgage Type
Seller Take Back
Estimated Equity
$1,051,405

Purchase Details

Closed on
Nov 6, 2015
Sold by
Minear Doris
Bought by
Craig & Barbara Peskind Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 2008
Sold by
Verbanac Joseph F and Verbanac Rae Eileen
Bought by
Minear Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1997
Sold by
Minear Doris and Verbanac Trust
Bought by
Minear Doris and The Verbanac Exemption Trust

Purchase Details

Closed on
May 22, 1991
Sold by
Verbanac Joseph Frank and Verbanac Rae Eileen
Bought by
Verbanac Joseph Frank and Verbanac Rae Eileen
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Linthorpe Llc $833,500 Lawyers Title Company
Craig & Barbara Peskind Living Trust $570,000 California Members Title Ins
Minear Doris -- Lsi
Minear Doris -- --
Verbanac Joseph Frank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linthorpe Llc $99,000
Previous Owner Peskind Craig M $401,500
Previous Owner Craig & Barbara Peskind Living Trust $400,000
Previous Owner Minear Doris $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $833,250 -4.8% $454 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $875,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,022 $911,276 $546,820 $364,456
2024 $11,022 $893,409 $536,099 $357,310
2023 $10,809 $875,892 $525,588 $350,304
2022 $10,306 $858,719 $515,283 $343,436
2021 $10,178 $841,882 $505,180 $336,702
2020 $8,724 $703,580 $562,864 $140,716
2019 $8,380 $689,785 $551,828 $137,957
2018 $8,297 $676,260 $541,008 $135,252
2016 $9,355 $770,000 $630,000 $140,000
2015 $3,456 $275,036 $167,343 $107,693
2014 $3,480 $269,649 $164,065 $105,584
Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2020

    Cindy Hill

    Equity Union

    (818) 640-8360

    14 in this area

    76 Total Sales

    Cindy Hill
    Section Image
  • Joseph Breckner

    Buyer's Agent in 2020

    Joseph Breckner

    Coldwell Banker Realty

    (818) 528-2291

    1 in this area

    70 Total Sales

    Joseph Breckner
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20071342

California Regional Multiple Listing Service (CRMLS)

APN: 2244-013-006

California Los Angeles County Van Nuys 91411 Van Nuys

5734 Kester Ave, Van Nuys, CA

This home is located at 5734 Kester Ave, van Nuys, CA 91411 since 09 April 2020 and is currently estimated at $1,139,516, approximately $620 per square foot. This property was built in 1955. 5734 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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