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Sold for $1,300,000
  • $1,300,000

    5453 Kester Ave, Van Nuys, CA 91411

    6beds
    5baths
    3,474sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $1,284,200 Zestimate®
    $374/sqft
    $2,403 Estimated rent

    Home value

    $1,284,200

    $1.16M - $1.43M

    $2,403/mo

    Zestimate® history
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    $8,392/mo

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    What's special

    Welcome to an exceptional investment opportunity in Sherman Oaks! This four-unit apartment building offers outstanding value for investors looking to capitalize on one of Los Angeles' most desirable neighborhoods. The property features a mix of one- and two-bedroom units, all situated in a prime location within this sought-after community.Zoned R3, the property includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, along with three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building is in excellent condition, with upgrades including new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and low-maintenance artificial turf.Units 1 and 3 have undergone extensive renovations, featuring sleek laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully updated bathrooms with new tile, fixtures, and cabinetry.Building amenities include common area laundry facilities, individually metered gas and electricity, secure entry, a combination of gated and garage parking, plus additional guest parking.Located in a vibrant Sherman Oaks neighborhood, the property offers easy access to premier shopping, dining, and entertainment, as well as quick connections to the 101 and 405 Freeways. Outdoor enthusiasts will appreciate the proximity to nearby parks, including Lake Balboa Park, which will host events during the 2028 LA Olympics.With consistently strong demand for one-bedroom units, this property ensures stable rental income and long-term profitability. Its ideal location and well-maintained condition make it a rare, turn-key investment opportunity in one of LA's most dynamic and resilient real estate markets. This is the perfect opportunity for investors seeking long-term wealth preservation and reliable returns.

    Zillow last checked:

    Listing updated:

    Listed by:

    Denise Snanoudj DRE # 01101684 323-646-8866,

    The Agency 424-230-3700,

    Arya Astani DRE # 02214133 310-488-7661,

    The Agency

    Bought with:

    Armine Nalbandyan, DRE # 02238909

    LA Premier Realty

    Source: CLAW,MLS#: 25-485851MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Forced Air
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Range/Oven, Refrigerator
    Features
    • Ceiling Fan(s)
    Interior area
    • Total structure area: 3,474
    • Total interior livable area: 3,474 sqft

    Property

    Parking
    • Parking features: Covered, Garage - 4+ Car, Side By Side, Guest
    • Has garage: Yes
    Features
    • Levels: Two
    Lot
    • Size: 4,290 Square Feet
    Details
    • Additional structures: Other
    • Parcel number: 2250016033
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1961

    Community & HOA

    Location
    • Region: Van Nuys

    Financial & listing details

    • Price per square foot: $374/sqft
    • Tax assessed value: $1,196,460
    • Annual tax amount: $15,288
    • Date on market: 1/21/2025

    Price history

    DateEventPrice
    7/8/2026Listing removed$2,200$1/sqft
    Source: Zillow Rentals Report a problem
    6/18/2026Price change$2,200-4.3%$1/sqft
    Source: Zillow Rentals Report a problem
    5/26/2026Listed for rent$2,300-13.2%$1/sqft
    Source: Zillow Rentals Report a problem
    4/22/2025Listing removed$2,650$1/sqft
    Source: CRMLS #SR25087269 Report a problem
    4/21/2025Listed for rent$2,650$1/sqft
    Source: CRMLS #SR25087269 Report a problem
    3/7/2025Sold$1,300,000-3.7%$374/sqft
    Source: CLAW #25-485851 Report a problem
    2/25/2025Pending sale$1,350,000$389/sqft
    Source: CLAW #25-485851 Report a problem
    2/6/2025Contingent$1,350,000$389/sqft
    Source: CLAW #25-485851 Report a problem
    1/21/2025Listed for sale$1,350,000-3.5%$389/sqft
    Source: CLAW #25-485851 Report a problem
    1/18/2025Listing removed$1,399,000$403/sqft
    Source: CLAW #24-420811 Report a problem
    7/30/2024Listed for sale$1,399,000$403/sqft
    Source: CLAW #24-420811 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,288 +1.4%$1,244,795 +2%
    2024$15,083 +2%$1,220,388 +2%
    2023$14,792 +4.9%$1,196,460 -17.4%
    2022$14,105 +898.1%$1,448,400 +1592.5%
    2021$1,413 -0.4%$85,576 +1%
    2020$1,419 $84,699 +2%
    2019$1,419 +8.2%$83,039 +2%
    2018$1,311 $81,411 +2%
    2017$1,311 +1.9%$79,816 +2%
    2016$1,286 +5.9%$78,252 +1.5%
    2015$1,214 -1.4%$77,077 +2%
    2014$1,232 $75,568 +2.5%
    2012-- $73,753 +2%
    2011-- $72,308 +0.8%
    2010-- $71,768 -0.2%
    2009-- $71,939 +2%
    2008-- $70,530 +2%
    2007-- $69,148 +2%
    2006-- $67,793
    2005-- $67,793 +4%
    2004-- $65,162 +1.9%
    2003-- $63,968 +2%
    2002-- $62,714 +4%
    2000-- $60,280
    Find assessor info on the county website

    Neighborhood: Sherman Oaks

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,284,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,284,200