$1,210,000
$1,239,500
2.4%For more information regarding the value of a property, please contact us for a free consultation.
5456 Kester AVE Sherman Oaks, CA 91411
5,998 Sqft Lot
Key Details
Sold Price $1,210,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21093156
Sold Date 06/30/21
HOA Y/N No
Year Built 1949
Lot Size 5,998 Sqft
Property Description
This amazing legal duplex; two homes on a large 6,000 sq ft lot with almost 2,400 sq ft of living space. High Income property with over $70,700. in annual rental income. This is a 17.5 GRM, Cap rate of 4.6, good for the Sherman Oaks area. 5454 & 5456 Kester ave. Located in prime neighborhood of Sherman Oaks within walking distance to sought after and highly-rated Kester ave Elementary School and close to Ventura blvd and all it offers. Outstanding investment with solid rental income, perfect for turn-key investment or live in one house and have second house pay your mortgage, or a family compound with an in-law unit. Main house is fully remodeled and has 3 bedrooms and 2 bathrooms. House has in ground spa, living room with fireplace plus newer kitchen, soft close cabinets, quartz countertops, & stainless steel appliances, central HVAC, plus nest, hardwood floors, recessed lights, and 2 car garage with alley access. You will enjoy the large private landscaped yard with spa! Perfect for gardening, children playing, or entertaining family and friends. Second home located in front with 2 bedrooms and one bathroom with own separate laundry in-unit washer and dryer. Property qualifies for owner occupied or investment financing. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LARD2
Interior
Interior Features Recessed Lighting, Bedroom on Main Level, Main Level Master
Cooling Central Air
Flooring Laminate, Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry Washer Hookup, Gas Dryer Hookup, In Kitchen
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence Good Condition, Privacy, Vinyl
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N No
View None
Roof Type Shingle
Accessibility Safe Emergency Egress from Home
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2249025026
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Rachael Hughel • RE/MAX One