Low-Rise Multifamily
5660 Kester Avenue Van Nuys, CA 91411
For Sale
$1,850,000
Two-story, five-unit multifamily property built in 1951 with average 80% occupancy.
Property Size4,000 SF
Lot Size0.16 Acres
Price / SF$462.50
Days on Market165
Property Features for 5660 Kester Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.16 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing Agency:
Rodeo Realty
(310) 724-7100
Listed By:
Roger Perry
Source:
Xome
Added: Feb 9
Changed: Jul 23
Last Checked: Jul 23 at 11:52AM
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 low-rise multifamily building contains 5 units in a two-story configuration. The property totals approximately 4,000 SF and was built in 1951. Current performance is reflected by an average occupancy of 80%, with tenancy listed as single.
The site sits on a 0.16-acre lot and is zoned LARD1.5 (LARD1.5).
Offered for sale as a residential income property, the building is categorized as Class C.
The site sits on a 0.16-acre lot and is zoned LARD1.5 (LARD1.5).
Offered for sale as a residential income property, the building is categorized as Class C.
Key Highlights
- Five‑unit multifamily property with 2 stories in a gated community
- Built in 1951; low‑rise apartment style
- Building size: 4,000 SF
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 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 8.10%
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, five-unit multifamily property built in 1951 with average 80% occupancy.
Where is this apartment building located?
The property is located at 5660 Kester Avenue Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Five‑unit multifamily property with 2 stories in a gated community; Built in 1951; low‑rise apartment style; Building size: 4,000 SF
