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6451 Kester Ave
Van Nuys, CA 91411
Multifamily Property For Sale
·
14 Units
Investment Highlights
- 14-unit value-add property located in Van Nuys, a suburban community in the San Fernando Valley.
- Strategic interior and exterior renovations provide the opportunity for a subsequent buyer to capture a 10% loss-to-lease on rents
- 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
- Built in 1988, this property is not subject to the LA Rent Stabilization Ordinance (“RSO”), permitting annual rent inc. of ~5% + CPI (AB 1482)
- All units feature distinctive townhome-style layouts with private patios, commanding rent premiums compared to similar properties in the area
Property Facts
| No. Units | 14 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 13,668 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | C | ||
| Zoning | RD 1.5 - restricted Density Multiple Dwelling | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,668 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Zoning | RD 1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Property Taxes
| Parcel Number | 2235-018-034 | Improvements Assessment | $2,932,511 |
| Land Assessment | $1,322,031 | Total Assessment | $4,254,542 |
Property Taxes
Parcel Number
2235-018-034
Land Assessment
$1,322,031
Improvements Assessment
$2,932,511
Total Assessment
$4,254,542
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