5640 Kester Ave, Van Nuys, CA 91411 - View 1
5640 Kester Ave, Van Nuys, CA 91411 - View 2
5640 Kester Ave, Van Nuys, CA 91411 - View 3

5640 Kester Ave, Van Nuys, CA 91411

Sale Price: $1,600,000
Nov 27, 20244,520 sqft8 beds6 baths
Listed by: Helen Abrishami
License #: 01298442
Phone #: 310-927-9226
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MLS #: 24467419

Property Description

Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom,one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value.As a key value-added opportunity, the owner will provide RTI (Ready-to-Issue) plans for a two-unit accessory dwelling unit (ADU) on the property. These plans would add an additional 1,498 square feet of rentable space, offering immediate upside potential for increased income. With its prime location near major freeways, recreational facilities, and amenities, this property is a rare opportunity to acquire a strong, income-producing asset with significant future growth potential.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,412

TurboHome Estimated Value

$1,505,400

$333 sqft

High Valuation
$1,580,670
$350/sqft
Normal Valuation
$1,505,400
$333/sqft
Low Valuation
$1,430,130
$316/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$333/sqft$1,505,400

Neighborhood: Van Nuys

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Comparative Value

$1.10M

$1.46M

$1.60M

$1.65M

14248 Gilmore St, Van Nuys, CA 91401

Sale Price: $1,100,000

Selected Comparable

14222 Sylvan St, Van Nuys, CA 91401

Sale Price: $1,126,000

Selected Comparable

5551 Mammoth Ave, Sherman Oaks, CA 91401

Sale Price: $1,460,000

Selected Comparable

5640 Kester Ave, Van Nuys, CA 91411

Sale Price: $1,600,000

Selected Comparable

5640 Kester Ave, Van Nuys, CA 91411

List Price: $1,650,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
5640 Kester Ave, Van Nuys, CA 91411

5640 Kester Ave, Van Nuys, CA 91411

List: $1,650,000

Listed: 11/27/2024

Area:4,520 sqft
Price/sqft:$365
Beds:8
Baths:6
Year Built:
Lot Size:9,307

Comparable Properties

COMPARABLE
Choose comps
5640 Kester Ave, Van Nuys, CA 91411

5640 Kester Ave, Van Nuys, CA 91411

Sale: $1,600,000

4/4/20250.00 mi

Area:4,520 sqft
Price/sqft:$354
Beds:8
Baths:6
Year Built:
Weight:34.3%
14222 Sylvan St, Van Nuys, CA 91401

14222 Sylvan St, Van Nuys, CA 91401

Sale: $1,126,000

6/23/20251.11 mi

Area:5,047 sqft
Price/sqft:$223
Beds:7
Baths:6
Year Built:
Weight:24.4%
5551 Mammoth Ave, Sherman Oaks, CA 91401

5551 Mammoth Ave, Sherman Oaks, CA 91401

Sale: $1,460,000

5/20/20251.41 mi

Area:4,243 sqft
Price/sqft:$344
Beds:9
Baths:5
Year Built:
Weight:20.8%
14248 Gilmore St, Van Nuys, CA 91401

14248 Gilmore St, Van Nuys, CA 91401

Sale: $1,100,000

5/12/20251.23 mi

Area:4,931 sqft
Price/sqft:$223
Beds:9
Baths:7
Year Built:
Weight:20.5%

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