4956-4960 Kester Ave - Apartments FOR SALE


Sherman Oaks, CA 91403
$4,100,000 USD
818-642-0242
4956-4960 Kester Ave, Sherman Oaks, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/26
null | 4.85% Cap Rate

4956-4960 Kester Ave
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Prime Location
  • Large Lot / Future Potential
  • ADU Potential / Buyer to Verify
  • Updated Units
  • Updated Electrical Panel

OVERVIEW

KW Commercial is pleased to present 4956–4960 Kester Avenue, a 16-unit multifamily investment opportunity located in the highly desirable Sherman Oaks, California. Offered at $4,100,000, the property consists of two apartment buildings situated on an approximately 13,034-square-foot LAR3-zoned lot, providing investors with both existing income and long-term value-add potential. The property features a balanced unit mix of eight (8) bachelor units and eight (8) two-bedroom, one-bathroom units, offering a versatile mix that appeals to a wide range of tenants and supports long-term occupancy. The property also offers potential for additional development and ADUs—buyer to verify—which could create additional rental income and long-term value. Located near Ventura Boulevard with convenient access to the 101 and 405 Freeways, the property is positioned within one of the San Fernando Valley's most desirable rental markets, providing convenient access to Sherman Oaks, Encino, Studio City and other major employment and entertainment centers throughout Los Angeles.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

16

PRICE/UNIT

$256,250

CAP RATE

4.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,024 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2263-029-004

ASK ABOUT THIS PROPERTY

Akash SainiKW CommercialMore Info
818-642-0242

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Akash SainiKW CommercialMore Info
818-642-0242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.