Multifamily
6956 Kester Avenue - Assumable Loan at 3.75% - $2,800,000 - due 6/1/2030
6956 Kester Avenue, Van Nuys, CA 91405
Listing Price: $4,800,000
Investment Overview
Kester Avenue Apartments are Located in a High-Demand Rental Market:
• Strong Local Tenant Pool: Van Nuys serves as a high-density, high-demand rental pocket within the San Fernando Valley. The local demographic features an active workforce seeking stable, mid-tier multi-family housing.
• Unbeatable Transit Logistics: 6956 Kester Avenue sits just minutes from major local commercial arteries like Van Nuys Boulevard and Sepulveda Boulevard.
• Property location offers quick access to the Van Nuys Metrolink/Amtrak station, the Metro G Line, and the 405 freeway, making it a highly practical address for commuters traveling anywhere across Los Angeles.
• Proximity to Neighborhood Anchors: Tenants are a short distance away from key employment and recreation hubs, including the Sepulveda Basin Recreation Area, Valley Presbyterian Hospital, and local schools like Cohasset Street Elementary.
6956 Kester Avenue - Assumable Loan at 3.75% - $2,800,000 - due 6/1/2030
Investment Highlights
- ASSUMABLE LOAN- 3.75% FIXED- $2,800,000 - VALID FOR 4 YEARS UNTIL 6/1/2030
- Corner Lot measuring 23,586 square feet
- Hard-to-find unit mix of Fourteen (2+2), Nine (1+1), and one single apartment
- Bright units with private balconies or patios
- Strong in-place rents with current cap rate of 7.72%
- Spacious Floorplans with average unit size of 908 square feet
- Copper plumbing
- Plans and permits for 2 other attached ADU apartments in addition to existing ADU unit Addition of 2 additional ADU apartments satisfies the LADBS Seismic Retrofit requirement (Buyer to Verify) On-Site Laundry Facilities Ample parking spaces
Exclusively Listed By
Financing By
Multifamily
6956 Kester Avenue - Assumable Loan at 3.75% - $2,800,000 - due 6/1/2030
Listing Price: $4,800,000
Investment Highlights
- ASSUMABLE LOAN- 3.75% FIXED- $2,800,000 - VALID FOR 4 YEARS UNTIL 6/1/2030
- Corner Lot measuring 23,586 square feet
- Hard-to-find unit mix of Fourteen (2+2), Nine (1+1), and one single apartment
- Bright units with private balconies or patios
- Strong in-place rents with current cap rate of 7.72%
- Spacious Floorplans with average unit size of 908 square feet
- Copper plumbing
- Plans and permits for 2 other attached ADU apartments in addition to existing ADU unit Addition of 2 additional ADU apartments satisfies the LADBS Seismic Retrofit requirement (Buyer to Verify) On-Site Laundry Facilities Ample parking spaces
Investment Overview
Kester Avenue Apartments are Located in a High-Demand Rental Market: • Strong Local Tenant Pool: Van Nuys serves as a high-density, high-demand rental pocket within the San Fernando Valley. The local demographic features an active workforce seeking stable, mid-tier multi-family housing. • Unbeatable Transit Logistics: 6956 Kester Avenue sits just minutes from major local commercial arteries like Van Nuys Boulevard and Sepulveda Boulevard. • Property location offers quick access to the Van Nuys Metrolink/Amtrak station, the Metro G Line, and the 405 freeway, making it a highly practical address for commuters traveling anywhere across Los Angeles. • Proximity to Neighborhood Anchors: Tenants are a short distance away from key employment and recreation hubs, including the Sepulveda Basin Recreation Area, Valley Presbyterian Hospital, and local schools like Cohasset Street Elementary.
Exclusively Listed By
Financing By
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