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5625 Kester Ave
Sherman Oaks, CA 91411
Assumable 3.35% Loan | Low Price & Rent/SF · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 11,380 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 11,380 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R3-1, Los Angeles |
ABOUT 5625 KESTER AVE , SHERMAN OAKS, CA 91411
Marcus & Millichap is pleased to announce the sale of 5625 Kester Avenue, an 11-unit (plus one non-conforming unit) multifamily property located in the affluent community of Sherman Oaks, California. Both immediate and future cash flows can be dramatically strengthened through the assumption of the first trust deed, which allows for interest-only payments at an interest rate of only 3.35 percent. A courtyard property situated on a corner lot near the intersection of Burbank Boulevard and Kester Avenue, the building benefits from its high visibility and ease of access. Constructed in 1961, the 11+1 units feature large floorplans, spanning a total of 11,380 square feet. Select units within the property have undergone extensive renovations, effectively creating a blueprint for additional upgrades to the remaining units. Included in these improvements are luxury vinyl plank flooring, remodeled bathrooms, new ceiling fans, and new quartz countertops. The on-site laundry facilities are landlord-owned, allowing for a substantial amount of additional income. Located a half-mile from the Burbank Boulevard on-ramp to the 405 Freeway, tenants enjoy convenient access to the Sepulveda Basin Recreation Area, Encino, and prestigious Ventura Boulevard.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,250 | 550 |
| 1+1 | 7 | $1,306 | 731 - 780 |
| 2+2 | 3 | $1,440 | 1,200 |
| 3+2 | 1 | $2,035 | 1,400 |
PROPERTY TAXES
| Parcel Number | 2243-010-046 | Improvements Assessment | $1,662,927 |
| Land Assessment | $2,470,410 | Total Assessment | $4,133,337 |
PROPERTY TAXES
