5003 Kester Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 4 bed, 2 bath
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Sherman Oaks, California 91403
Analysis of 5003 Kester Avenue, Sherman Oaks, California 91403 is currently available with a list price of $1,200,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is explicitly marketed for land value and as a development opportunity. Built in 1948, the structures show extreme neglect, including boarded-up windows and significant fire damage to one of the units. Given the R3 zoning and the listing's emphasis on redevelopment, the existing improvements are considered to be in unlivable condition and beyond cost-effective repair.
The property is zoned R3 on a flat corner lot, offering significant upside for developers to build multi-unit housing or a custom luxury residence in a high-demand area.
Situated north of Ventura Boulevard, the location provides easy access to premium shopping, dining, and amenities, making it highly attractive for future residents or buyers.
With all utilities already on-site and a flat lot topography, the property offers a streamlined and cost-effective path for immediate redevelopment.
The secondary unit has sustained fire damage, necessitating a complete teardown or extensive reconstruction, which is why the property is priced primarily for land value.
The main unit is currently tenant-occupied, requiring the buyer to navigate existing lease agreements and local tenant laws, which may delay development timelines.
Excellent development opportunity in prime Sherman Oaks, north of the boulevard, situated on a flat corner lot in a highly desirable residential neighborhood close to Ventura Blvd shopping, dining, amenities and Kester Elementary. Currently improved with a duplex consisting of a 3 bed, 1 bath unit (1,184 SF) that is tenant occupied and a 1 bed, 1 bath unit (440 SF) with fire damage, this property is being sold for land value with the buyer to inherit the existing tenant. Zoned LAR3, the site offers strong potential for redevelopment, ideal for a developer, builder, or end user looking to construct a custom dream home or explore multi-unit possibilities. All utilities are already on site, providing a streamlined path for future development. Rare chance to secure a well-located parcel with significant upside in one of the Valley’s most sought-after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
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| Lot Size | - | - | 0% |
| Price | - | - | 0% |
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| Built year | 1948 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 3, 2026
$1,200,000
Initial Listing