5640 Kester Ave - Apartments FOR SALE


Van Nuys, CA 91411
$1,650,000 USD
424-239-1703
5640 Kester Ave, Van Nuys, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/3
null | 4.79% Cap Rate

5640 Kester Ave
Van Nuys, CA 91411


HIGHLIGHTS

  • An application for 2 ADU units has been submitted.
  • This multi-family property is located within walking distance to various retail, restaurant, and recreational amenities.
  • Each unit of this building features air conditioning and heating, along with copper plumbing and individual water heaters.
  • The property is in close proximity to the 405 and 101 freeways, providing easy access to the greater Los Angeles area.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

4.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,304 SF

ZONING

LARD1.5

APN/PARCEL ID

2244-014-026

ASK ABOUT THIS PROPERTY

Helen AbrishamiPower Brokers International, Inc.More Info
424-239-1703

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Helen AbrishamiPower Brokers International, Inc.More Info
424-239-1703

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.