Residential Income Property with Central
For Sale
$1,000,095
5743 5745 Kester Avenue, Sherman Oaks, CA 91411
Built in 1951 with central air and a kitchen equipped with gas cooking appliances.
Property Size1,872 SF
Days on Market10
Property Features for 5743 5745 Kester Avenue
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
LARD1.5
Net Operating Income
$49,200
Amenities
Curbs, Sidewalks
Central Air
Central
Dishwasher, Gas Cooktop, Gas Oven
Building Details
Building Size
1,872 SF
Year Built
1951
Buildings
2
Stories
1
Listing Agency:
Century 21 Hollywood
(818) 371-1665
Listed By:
Edward Frish · License #01252271
(818) 371-1665
Source:
Evrealestate
Added: Aug 7
Changed: Aug 12
Last Checked: Aug 15 at 5:16AM
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 Century 21 Hollywood
Investment Insights
Based on property information with market context.
This residential income property was built in 1951 and includes central air, a central system, and a kitchen with a dishwasher, gas cooktop, and gas oven. The interior feature set is suited to residential occupancy and includes the core kitchen appliances identified for the property.
The property is located at 5743–5745 Kester Avenue in Sherman Oaks, within Los Angeles County. It sits on Kester Avenue between Burbank Boulevard and Hatteras Street, providing a clearly identified address and surrounding street context.
The property is located at 5743–5745 Kester Avenue in Sherman Oaks, within Los Angeles County. It sits on Kester Avenue between Burbank Boulevard and Hatteras Street, providing a clearly identified address and surrounding street context.
Key Highlights
- Residential income property at 5743 5745 Kester Avenue, Sherman Oaks, CA 91411
- Built in 1951
- Central air and central system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,122
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,440
$602.4K
Cap Rate 7%
$430,314
$430.3K
Cap Rate 9%
$334,689
$334.7K
Market Conditions
NOI Build-Up for 1,872 SF
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.
Gross rent
$59.5K $31.80/SF
− Vacancy
−$4.8K −$2.54/SF
EGI
$54.8K $29.26/SF
− OpEx
−$24.6K −$13.17/SF
NOI
$30.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,440
Cap Rate 7%
$430,314
Cap Rate 9%
$334,689
Alternative Uses
Best Use
Apartment 5plus
$430.3K
$376.5K – $502.0K
NOI $30,122 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.0K – $1.17M
NOI $70,158 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,873
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1951 with central air and a kitchen equipped with gas cooking appliances.
Where is this residential income property located?
The property is located at 5743 5745 Kester Avenue Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $1,000,095.
What are key features of this property?
This property features: Residential income property at 5743 5745 Kester Avenue, Sherman Oaks, CA 91411; Built in 1951; Central air and central system
