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6956 Kester Ave
Van Nuys, CA 91405
3.75% Assum. Loan | Mostly 2 BR | ~37% Upside · Multifamily Property For Sale
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23 Units
Investment Highlights
- Outstanding Value-Add Opportunity -- Current Rents Approximately 37% Below Market Levels
- Attractive Price per Square Foot When Compared with Similar Recent Sales
- Spacious Floorplans -- 20,880 Square Feet Spread Over 23 Units
- Excellent Unit Mix with Mostly Two Bedroom Apartments
- Influx of Development Capital in Van Nuys -- Multiple Proposed Mixed-Use Projects in the Immediate Area
- Assumable Loan at a 3.75% Interest Rate, Fixed Until 2030
Property Facts
| No. Units | 23 | Lot Size | 0.54 AC |
| Property Type | Multifamily | Building Size | 20,880 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1965 |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 20,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Heating
- Oven
- Range
Site Amenities
- Laundry Facilities
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,595 | 700 |
| 2+2 | 14 | $1,953 | 1,000 |
Property Taxes
| Parcel Number | 2219-016-038 | Improvements Assessment | $768,484 |
| Land Assessment | $730,059 | Total Assessment | $1,498,543 |
Property Taxes
Parcel Number
2219-016-038
Land Assessment
$730,059
Improvements Assessment
$768,484
Total Assessment
$1,498,543
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