Five-Unit Multifamily
For Sale
$1,750,000
5660 Kester Avenue, Van Nuys, CA 91411
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 Market164
Property Features for 5660 Kester Avenue
General Information
Standard status
Active
Size
4,000 SF
Class
C
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Zoning
LARD1.5
Occupancy
80%
Additional Details
Multifamily Units
5
Building Details
Year Built
1951
Stories
2
Tenancy
Multi
Listing Agency:
Rodeo Realty
(310) 724-7100
Listed By:
Roger Perry · License #01882885
(310) 740-4029
Source:
Exitrealty
Added: Apr 28
Changed: Sep 2
Last Checked: Sep 15 at 4:11AM
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
Estimated NOI and Cap Rate
NOI / Yr
$64,363
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,260
$1.3M
Cap Rate 7%
$919,471
$919.5K
Cap Rate 9%
$715,144
$715.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$127.2K $31.80/SF
− Vacancy
−$10.2K −$2.54/SF
EGI
$117.0K $29.26/SF
− OpEx
−$52.7K −$13.17/SF
NOI
$64.4K $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%
$1,287,260
Cap Rate 7%
$919,471
Cap Rate 9%
$715,144
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 Avenue Van Nuys, 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
