Welcome to an exceptional investment opportunity in Sherman Oaks! This four-unit apartment building offers outstanding value for investors looking to capitalize on one of Los Angeles’ most desirable neighborhoods. The property features a mix of one- and two-bedroom units, all situated in a prime location within this sought-after community.Zoned R3, the property includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, along with three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building is in excellent condition, with upgrades including new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and low-maintenance artificial turf.Units 1 and 3 have undergone extensive renovations, featuring sleek laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully updated bathrooms with new tile, fixtures, and cabinetry.Building amenities include common area laundry facilities, individually metered gas and electricity, secure entry, a combination of gated and garage parking, plus additional guest parking.Located in a vibrant Sherman Oaks neighborhood, the property offers easy access to premier shopping, dining, and entertainment, as well as quick connections to the 101 and 405 Freeways. Outdoor enthusiasts will appreciate the proximity to nearby parks, including Lake Balboa Park, which will host events during the 2028 LA Olympics.With consistently strong demand for one-bedroom units, this property ensures stable rental income and long-term profitability. Its ideal location and well-maintained condition make it a rare, turn-key investment opportunity in one of LA’s most dynamic and resilient real estate markets. This is the perfect opportunity for investors seeking long-term wealth preservation and reliable returns.
Property Details
Price:
$1,350,000
MLS #:
25485851
Status:
Pending
Baths:
0
Address:
5453 Kester Avenue
Type:
Residential Income
Neighborhood:
soshermanoaks
City:
Sherman Oaks
Listed Date:
Jan 20, 2025
State:
CA
ZIP:
91411
Lot Size:
4,290 sqft / 0.10 acres (approx)
Year Built:
1961
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Schools
Interior
Appliances
Refrigerator
Heating
Forced Air
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Covered, Side by Side, Guest
Parking Spots
0.00
Financial
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Community
- Address5453 Kester Avenue Sherman Oaks CA
- AreaSO – Sherman Oaks
- CitySherman Oaks
- CountyLos Angeles
- Zip Code91411
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5453 Kester Avenue
Sherman Oaks, CA
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