28-Unit Apartment
New
For Sale
$10,500,000
4630 Kester Ave, Sherman Oaks, CA 91403
Residents have access to a pool, spa, fitness and recreation rooms, and gated subterranean parking.
Property Size31,236 SF
Lot Size0.66 Acres
Price / SF$336.15
Days on Market6
Property Features for 4630 Kester Ave
General Information
Standard status
Active
Size
31,236 SF
Elevators
Yes
Lot size
0.66 Acres
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
6 x 3BR, 10 x 2BR, 12 x 1BR
Multifamily Units
28
Amenities
swimming pool and spa/jacuzzi
fitness/weight room and recreation room
private storage rooms
community laundry
professionally landscaped grounds
secure gated subterranean parking with guest parking
door-to-door trash pickup
Building Details
Building Size
31,236 SF
Year Built
1996
Buildings
1
Listing Agency:
Equity Union
Listed By:
Eliyahu Appel · License #01918652
(818) 212-2700
Source:
Milsteinestates
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 19 at 11:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
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Investment Insights
Based on property information with market context.
Built in 1996, this 28-unit apartment property contains 31,236 square feet on a 28,805-square-foot lot. The residences include six three-bedroom units, ten two-bedroom units, and twelve one-bedroom units. Select apartments feature hardwood floors, gas ranges, fireplaces, vaulted ceilings, central air and heat, and private patios or balconies.
Shared amenities include a swimming pool and spa, fitness and recreation rooms, an elevator, secure entry, private storage, community laundry, landscaped grounds, and guest parking. Door-to-door trash pickup is also provided.
The property is near Ventura Boulevard and Kester Avenue, with an 82 Walk Score. Nearby dining and shopping include Bacari Sherman Oaks, Mizlala, Daisy Margarita Bar, Sherman Oaks Plaza, and La Reina Shopping Center. The 101 and 405 freeways are also close by.
Shared amenities include a swimming pool and spa, fitness and recreation rooms, an elevator, secure entry, private storage, community laundry, landscaped grounds, and guest parking. Door-to-door trash pickup is also provided.
The property is near Ventura Boulevard and Kester Avenue, with an 82 Walk Score. Nearby dining and shopping include Bacari Sherman Oaks, Mizlala, Daisy Margarita Bar, Sherman Oaks Plaza, and La Reina Shopping Center. The 101 and 405 freeways are also close by.
Key Highlights
- 28 apartments: six three‑bedroom, ten two‑bedroom, and twelve one‑bedroom units
- 31,236 square feet of building area on a 28,805‑square‑foot lot
- Built in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,612
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,052,240
$10.1M
Cap Rate 7%
$7,180,171
$7.2M
Cap Rate 9%
$5,584,578
$5.6M
Market Conditions
NOI Build-Up for 31,236 SF
Gross rent
$993.3K $31.80/SF
− Vacancy
−$79.5K −$2.54/SF
EGI
$913.8K $29.26/SF
− OpEx
−$411.2K −$13.17/SF
NOI
$502.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,052,240
Cap Rate 7%
$7,180,171
Cap Rate 9%
$5,584,578
Alternative Uses
Best Use
Apartment 5plus
$7.18M
$6.28M – $8.38M
NOI $502,612 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.72M
$14.63M – $19.51M
NOI $1,170,654 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
28
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,117
Businesses Nearby
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Business Placement
Demographics for 91403, CA
25,329
Population
13,095
Households
1.9
Avg Household Size
40
Median Age
68%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
7,036
Density / Sq Mi
$114,348
Median Household Income
$70,449
Median Earnings
$2,437
Median Rent
$1,467,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a pool, spa, fitness and recreation rooms, and gated subterranean parking.
Where is this apartment building located?
The property is located at 4630 Kester Ave Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 28 apartments: six three‑bedroom, ten two‑bedroom, and twelve one‑bedroom units; 31,236 square feet of building area on a 28,805‑square‑foot lot; Built in 1996
