6956 Kester Ave - Apartments FOR SALE


Van Nuys, CA 91405
$4,800,000 USD
310-245-5600
6956 Kester Ave, Van Nuys, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/18
null | 7.72% Cap Rate

6956 Kester Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • 7.7% CURRENT CAP- 8.7 GRM-STRONG INCOME

OVERVIEW

ASSUMABLE DEBT- 3.75% FIXED- $2,800,000 - VALID FOR 4 MORE YEARS UNTIL 6/1/2030 Corner Lot measuring 23,586 square feet Ideal unit mix of Fourteen (2+2) and Nine ( 1+1) , and one SIngle ADU exisitng apartment Bright units with private balconies or patios Strong in-place rents with current cap rate of 7.72% GIM of 8.7 Spacious Floorplans with average unit size of 908 square feet Copper plumbing Plans and permits for 2 attached ADU apartments Addition of 2 ADU apartments satisfies the LADBS Seismic Retrofit requirement (Buyer to Verify) On-Site Laundry Facilities Ample parking spaces

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

24

PRICE/UNIT

$200,000

CAP RATE

7.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LOAN ASSUMPTION-3.75%-4 Years-7.72%Cap-8.7GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,580 SF

ZONING

LARD1.5

APN/PARCEL ID

2219-016-038

ASK ABOUT THIS PROPERTY

Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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