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ASSUMABLE LOAN-3.75%- $2,800,000 VALID 6/1/30 6956 Kester Ave 23 Unit Apartment Building $5,200,000 ($226,087/Unit) 6.98% Cap Rate Van Nuys, CA 91405
Executive Summary
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
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
Property Facts
| Price | $5,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $226,087 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 6.98% | Building Size | 20,880 SF |
| Gross Rent Multiplier | 9.79 | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 | ||
| Price | $5,200,000 |
| Price Per Unit | $226,087 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| Gross Rent Multiplier | 9.79 |
| 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 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Balcony
- Heating
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 850 |
| 2+2 | 14 | - | 940 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
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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ASSUMABLE LOAN-3.75%- $2,800,000 VALID 6/1/30 | 6956 Kester Ave
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