Northmarq and Marcus & Millichap, as exclusive co-listing agents, are pleased to present the opportunity to acquire 6451 Kester Avenue, a 14-unit property located in the Van Nuys submarket of the San Fernando Valley. Built in 1988, 6451 Kester is not subject to Los Angeles Rent Control (AB 1482 only), providing a subsequent owner with immediate, resilient in-place cash flow and minimal additional capital outlay required.
The property is situated on a 14,892-square-foot corner parcel and features a two-story building above a gated semi subterranean parking structure with 29 parking spaces. 6451 Kester offers a unique unit mix consisting of (3) 2-bedroom + 1.5-bathroom townhomes, (2) 2-bedroom + 2-bathroom townhomes, and (9) 2-bedroom + 2.5-bathroom townhomes. Each unit includes private patios, while additional community amenities include secured entry, on-site laundry facilities, and ample potential to enhance the resident experience. The units also benefit from efficient layouts, maximizing functionality and appeal to a wide range of renters.
Ideally located in Van Nuys, a quiet residential urban community in the heart of the San Fernando Valley, the property provides residents with immediate access to Los Angeles’ major freeways, including the 101, 405, and 170 Freeways, ensuring easy connectivity throughout the San Fernando Valley and the Greater Los Angeles region. Additionally, 6451 Kester Avenue is positioned near key retail and dining destinations, making it a convenient and desirable location for tenants.