Fourplex with Covered
For Sale
$1,650,000
4961 Kester AVE, Sherman Oaks, CA 91403
Four-unit fourplex with covered parking and 2-bedroom, 1-bath units with laminate flooring.
Days on Market22
Property Features for 4961 Kester AVE
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Building Details
Building Size
3,588 SF
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
Beverly and Company
(818) 501-7100
Listed By:
Shake Tokatlian · License #00696767
Source:
Milsteinestates
Added: Jul 11
Changed: Jul 30
Last Checked: Jul 31 at 11:38AM
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 Beverly and Company
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four spacious, light-filled units. Each unit features approximately 900 SF of living space arranged as 2 bedrooms and 1 bathroom, with durable laminate wood flooring and functional floor plans. The property also includes copper plumbing and covered parking, supporting convenient day-to-day operations. Built in 1955, the building presents with clean, well-maintained interiors and exteriors.
Located at 4961 Kester Ave in Sherman Oaks, the property is just moments from Ventura Boulevard, with convenient access to both the 101 and 405 Freeways for commuting throughout Los Angeles.
With four units in a consistent layout, this fourplex is designed for easy maintenance and tenant-friendly livability, backed by long-term-oriented improvements such as copper plumbing and covered parking.
Located at 4961 Kester Ave in Sherman Oaks, the property is just moments from Ventura Boulevard, with convenient access to both the 101 and 405 Freeways for commuting throughout Los Angeles.
With four units in a consistent layout, this fourplex is designed for easy maintenance and tenant-friendly livability, backed by long-term-oriented improvements such as copper plumbing and covered parking.
Key Highlights
- Four‑unit fourplex with 2‑bedroom, 1‑bath units
- Approximately 900 SF per unit
- Durable laminate wood flooring in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.9k | $27.00 |
| − Vacancy | −$7.4k | −$2.05 |
| EGI | $89.5k | $24.95 |
| − OpEx | −$26.9k | −$7.48 |
| NOI | $62.7k | $17.46 |
3,588 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.1K
$783.2K – $1.04M
NOI $62,659 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$824.8K
$721.7K – $962.2K
NOI $57,734 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,470 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,068
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit fourplex with covered parking and 2-bedroom, 1-bath units with laminate flooring.
Where is this quadplex located?
The property is located at 4961 Kester AVE Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four‑unit fourplex with 2‑bedroom, 1‑bath units; Approximately 900 SF per unit; Durable laminate wood flooring in each unit
