21 days on rocket

5640 Kester Ave, Van Nuys, CA, 91411

$1,650,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Baths
4,520 SqFt
$365/SqFt
House

Location

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5640 Kester Ave, Los Angeles$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGarage
Garage6 spaces
Year Built1953
HeatingWall Furnace
MLS #24467419
Lot Size0.21 Acres
StatusActive

About 5640 Kester Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks
  • Year Built: 1953
  • Stories: 2
  • Living Area: 4,520 SqFt

Listing Office:

  • Office Name: Power Brokers
  • Office Phone: (424) 738-5900
  • Listing Agent: Helen Abrishami

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 6 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: North Burbank east of 405

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $365/SqFt

Tax Information:

  • Annual Amount: $22,635
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

5640 Kester Ave vs Los Angeles

21 DAYS ON ROCKET

-17 Days

$1,650,000

+$628.4K More

$365/SqFt

-$275 Less

KEY TAKEAWAY

This property is $628.4K more than the Median Sold Price and $275/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24467419

Listing Office:

  • Office Name: Power Brokers
  • Office Phone: (424) 738-5900
  • Listing Agent: Helen Abrishami

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 1:25:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 20, 2019Home Sold
$1,818,000

Tax History

YEARPROP. TAXASSESSMENT
2021$22,635$1,838,333
2020$5,471$1,818,000
2019$5,295$383,219
2018$5,147$375,706
2017$5,147$368,340

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-137181
7
/10

  • Kester Elementary / Magnet

  • 5353 Kester Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-137182
3
/10

  • Sylvan Park Elementary

  • 6238 Noble Ave

  • 0.75 miles

  • Public District Grades KG-5

school-card-donut-137183
7
/10

  • Chandler Learning Academy

  • 14030 Weddington St

  • 1.17 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,796. The majority of Los Angeles, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5640 Kester Ave

What is the listing price of this property?

The listing price of 5640 Kester Ave property is $1,650,000.

What type of property is this?

The property 5640 Kester Ave is a house located in Van Nuys, California, 91411.

Is this property for sale now?

Active Listing: 5640 Kester Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $22,635 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 20, 2019 for $1,818,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5640 Kester Ave has 8 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 5640 Kester Ave is 4,520 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5640 Kester Ave is 1953.

Rocket Homes›California›Los Angeles County›Los Angeles›91411›5640 Kester Ave

This home is located at 5640 Kester Ave in Van Nuys, CA and zip code 91411 in the The San Fernando Valley neighborhood. This 4,520 square foot home, which was built in 1953, sits on a 0.21 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $1,650,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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