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6840 Kester Ave 20 Unit Apartment Building $6,142,048 CAD ($307,102 CAD/Unit) 4.40% Cap Rate Van Nuys, CA 91405
INVESTMENT HIGHLIGHTS
- Excellent San Fernando Valley Location
- Well Maintained, Pool, Private Patios/Balconies
- Gated, Secure Covered Parking
- Favorable Mix of 2 & 3 Bedroom Units (75%)
- New Roof and Seismic Retrofitting Completed
- Corner Lot on the corner of Kester Ave & Hartland St
EXECUTIVE SUMMARY
This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. New roof just completed. Centrally located in the San Fernando Valley, this complex has almost immediate access to the 101, 405, 170, and 118 freeways, as well as an abundance of public transportation, including a new line currently in construction: the East San Fernando Valley Light Rail Transit project, that will feature 11 stops from Van Nuys to Pacoima.
This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed.
This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.
This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed.
This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.
PROPERTY FACTS
| Price | $6,142,048 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $307,102 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 4.40% | Building Size | 30,866 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.39 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R1.5, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $6,142,048 CAD |
| Price Per Unit | $307,102 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 11.39 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 30,866 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.65/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R1.5, Los Angeles - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 700 |
| 2+1 | 9 | - | 900 |
| 3+2 | 5 | - | 1,200 |
| 3+1 | 1 | - | 1,200 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 2219-018-018 | Improvements Assessment | $950,324 CAD |
| Land Assessment | $454,687 CAD | Total Assessment | $1,405,012 CAD |
PROPERTY TAXES
Parcel Number
2219-018-018
Land Assessment
$454,687 CAD
Improvements Assessment
$950,324 CAD
Total Assessment
$1,405,012 CAD
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6840 Kester Ave
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