Five-Unit Multifamily
5660 Kester Ave Sherman Oaks, CA 91411
For Sale
$1,750,000
Two-story 5-unit property built in 1951, currently around 80% occupied, zoned LARD1.5.
Property Size4,000 SF
Lot Size0.16 Acres
Price / SF$437.50
Days on Market140
Property Features for 5660 Kester Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.16 Acres
Listing Agency:
Rodeo Realty
(310) 600-1553
Listed By:
Roger Perry
(310) 600-1553
Source:
Exprealty
Added: Mar 5
Changed: Jul 23
Last Checked: Jul 23 at 9:25AM
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 Rodeo Realty
Investment Insights
Based on property information with market context.
This two-story, low-rise multifamily property consists of five units within approximately 4,000 SF, situated on a 0.16-acre lot. Built in 1951, the building is currently operating at approximately 80% occupancy and is presented as a value-add opportunity. The asset features spacious unit layouts and may offer upside through improved management, lease-up, or renovation.
The property is zoned LARD1.5. It is listed for sale and located at 5660 Kester Ave in Sherman Oaks, CA.
As a 5-unit income property, it provides a straightforward operating profile for investors looking to acquire a centrally located residential income asset while retaining flexibility for future improvements.
The property is zoned LARD1.5. It is listed for sale and located at 5660 Kester Ave in Sherman Oaks, CA.
As a 5-unit income property, it provides a straightforward operating profile for investors looking to acquire a centrally located residential income asset while retaining flexibility for future improvements.
Key Highlights
- Two‑story 5‑unit multifamily property built in 1951
- About 4,000 SF on a 0.16‑acre lot
- Currently operating at approximately 80% occupancy
Financial Insights For Apartment 5plus
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 | $127.2k | $31.80 |
| − Vacancy | −$10.2k | −$2.54 |
| EGI | $117.0k | $29.26 |
| − OpEx | −$52.7k | −$13.17 |
| NOI | $64.4k | $16.09 |
4,000 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$919.5K
$804.5K – $1.07M
NOI $64,363 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-story 5-unit property built in 1951, currently around 80% occupied, zoned LARD1.5.
Where is this apartment building located?
The property is located at 5660 Kester Ave Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑story 5‑unit multifamily property built in 1951; About 4,000 SF on a 0.16‑acre lot; Currently operating at approximately 80% occupancy
