6451 Kester Ave - Apartments FOR SALE
Van Nuys, CA 91411 |
6451 Kester Ave
Van Nuys, CA 91411
HIGHLIGHTS
- 14-unit value-add property located in Van Nuys, a suburban community in the San Fernando Valley.
- Built in 1988, this property is not subject to the LA Rent Stabilization Ordinance (“RSO”), permitting annual rent inc. of ~5% + CPI (AB 1482)
- Strategic interior and exterior renovations provide the opportunity for a subsequent buyer to capture a 10% loss-to-lease on rents
- All units feature distinctive townhome-style layouts with private patios, commanding rent premiums compared to similar properties in the area
- Close proximity to major employment hubs at Warner Center and Universal City, with convenient access to the 405 and 101 fwys and the Metro Orange Line
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13668
STORIES
2
YEAR BUILT
1988
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2235-018-034
