6840 Kester Ave - Apartments FOR SALE


Van Nuys, CA 91405
$4,600,000 USD
310-962-7210
6840 Kester Ave, Van Nuys, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/6
null | 4.21% Cap Rate

6840 Kester Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • Excellent San Fernando Valley Location
  • Favorable Mix of 2 & 3 Bedroom Units (75%)
  • Well Maintained, Pool, Private Patios/Balconies
  • Seismic Retrofitting Completed
  • Gated, Secure Covered Parking
  • Corner Lot on the corner of Kester Ave & Hartland St

OVERVIEW

This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. Centrally located in the San Fernando Valley, this complex has almost immediate access to the 101, 405, 170, and 118 freeways, as well as an abundance of public transportation, including a new line currently in construction: the East San Fernando Valley Light Rail Transit project, that will feature 11 stops from Van Nuys to Pacoima. This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed. This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

20

PRICE/UNIT

$230,000

CAP RATE

4.21%

% 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

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,435 SF

ZONING

R1.5, Los Angeles

APN/PARCEL ID

2219-018-018

ASK ABOUT THIS PROPERTY

Michael SussonTamarack RESMore Info
310-962-7210

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Michael SussonTamarack RESMore Info
310-962-7210

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