6956 Kester Ave - Apartments FOR SALE


Van Nuys, CA 91405
$5,200,000 USD
310-245-5600
6956 Kester Ave, Van Nuys, CA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/18
null | 6.98% Cap Rate

6956 Kester Ave
Van Nuys, CA 91405


OVERVIEW

ASSUMABLE LOAN- 3.75% FIXED- $2,800,000 - VALID FOR 4 YEARS UNTIL 6/1/2030 Corner Lot measuring 23,586 square feet Ideal unit mix of Fourteen (2+2) and Nine ( 1+1) apartments Bright units with private balconies or patios Strong in-place rents with current cap rate of 6.98% Spacious Floorplans with average unit size of 908 square feet Copper plumbing Plans and permits for 3 attached ADU apartments Addition of 3 ADU apartments satisfies the LADBS Seismic Retrofit requirement (Buyer to Verify) On-Site Laundry Facilities Ample parking spaces

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

23

PRICE/UNIT

$226,087

CAP RATE

6.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ASSUMABLE LOAN-3.75%- $2,800,000 VALID 6/1/30

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.