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    7117 Kester Ave Van Nuys, CA 91405

    For Sale
    $9,950,000

    Transit-oriented development site near Van Nuys Boulevard and Sherman Way.

    Lot size:
    2.46 Acres

    Property Features for 7117 Kester Ave

    General Information

    Lot size
    2.46 Acres

    Source: Evanisko Realty & Investment Agent Francis Evanisko

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.44-Acre Development Opportunity

    This 2.44-acre development site, known as the Infill Canvas SFV, presents a transit-oriented development opportunity with frontage on Sherman Way and Kester Avenue. The property is located steps from the intersection of Van Nuys Boulevard and Sherman Way. The planning departments allotment of values appurtenant to the zoning will allow for more units and scope than one would likely execute. Density will therefore be driven not by policy allowances but by desired construction typology and desired parking ratio. This San Fernando Valley infill development canvas offers the potential for housing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.4576295
    Latitude
    34.1996722

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    FAQs

    What type of property is this?
    Land - Transit-oriented development site near Van Nuys Boulevard and Sherman Way.
    Where is this land located?
    The property is located at 7117 Kester Ave Van Nuys, CA.
    What is the asking price?
    The asking price for this property is $9,950,000.
    What are key features of this property?
    This property features: - 2.44-acre transit-oriented development opportunity.; - Located steps from the Van Nuys Boulevard and Sherman Way transit intersection.; - Frontage on two streets (Sherman and Kester).
    (818) 985-9700
    Request Owner's contact information
    7117 Kester Ave Van Nuys, CA 91405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7117 Kester Ave Van Nuys, CA 91405
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