6-Unit Apartment Building with Owner’s
4753 Kester Ave, Sherman Oaks, CA 91403
For Sale
$2,120,000
A varied apartment mix includes renovated homes and a distinct, larger owner’s residence.
Property Size5,650 SF
Days on Market12
Property Features for 4753 Kester Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Marcus & Millichap
Listed By:
Brett Sanson · License CA #01387480
Source:
Milsteinestates
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 8 at 3:44PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Built in 1976, this single-story apartment property contains six units, including a 2,000 SF owner’s residence with a private front yard and separate two-car garage. Five units have been remodeled. The mix comprises two junior one-bedroom/one-bath units, three one-bedroom/one-bath units, and one three-bedroom/two-bath unit with a den.
Dining, shopping, and entertainment along Ventura Boulevard are within walking distance. The Sherman Oaks Galleria is a short drive away, and nearby connections to the 101 and 405 freeways provide access across the surrounding area.
Dining, shopping, and entertainment along Ventura Boulevard are within walking distance. The Sherman Oaks Galleria is a short drive away, and nearby connections to the 101 and 405 freeways provide access across the surrounding area.
Key Highlights
- Six apartments: two junior 1‑bedroom/1‑bath units, three 1‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit with den
- 2,000 SF single‑story owner’s residence
- Five of the six apartments have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,913
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,260
$1.8M
Cap Rate 7%
$1,298,757
$1.3M
Cap Rate 9%
$1,010,144
$1.0M
Market Conditions
NOI Build-Up for 5,650 SF
Gross rent
$179.7K $31.80/SF
− Vacancy
−$14.4K −$2.54/SF
EGI
$165.3K $29.26/SF
− OpEx
−$74.4K −$13.17/SF
NOI
$90.9K $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%
$1,818,260
Cap Rate 7%
$1,298,757
Cap Rate 9%
$1,010,144
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,913 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.65M – $3.53M
NOI $211,749 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,539
Businesses Nearby
Explore this area
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
$1,467,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix includes renovated homes and a distinct, larger owner’s residence.
Where is this apartment building located?
The property is located at 4753 Kester Ave Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: Six apartments: two junior 1‑bedroom/1‑bath units, three 1‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit with den; 2,000 SF single‑story owner’s residence; Five of the six apartments have been remodeled
