5453 Kester Avenue

Description

Welcome to a premier investment opportunity in Sherman Oaks! This attractive four-unit apartment building offers remarkable value for investors. Nestled in the sought-after Sherman Oaks area, the property features a blend of one and two-bedroom apartments. Zoned R3, it includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, alongside three generously-sized one-bedroom, one-bathroom units.Recent capital improvements ensure the building's excellent condition, with updates such as new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and artificial turf. Units 1 and 3 have been extensively renovated, featuring new laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully renovated bathrooms with new tile, fixtures, and cabinets.Building amenities include common area laundry facilities, individually metered gas and electricity, secured entry, a combination of gated and garage parking, and additional onsite guest parking.Situated in a vibrant Sherman Oaks neighborhood, this property is close to excellent shopping, fine dining, and entertainment options. Its ideal location offers easy access to the 101 and 405 Freeways, enhancing connectivity to surrounding areas. Outdoor enthusiasts will enjoy the nearby parks, including Lake Balboa Park, which will be a venue for the 2028 LA Olympics.The consistently high demand for one-bedroom units ensures stable rental income, making this property a reliable and profitable investment. With its excellent location and appealing neighborhood, this turn-key asset provides a rare opportunity in one of LA's most dynamic and stable markets, ideal for investors seeking long-term wealth preservation and consistent returns.

Listing information courtesy of: Denise Snanoudj, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.