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    6840 Kester Ave Los Angeles, CA 91405

    Sponsored
    For Sale
    $4,600,000

    Prime Van Nuys location, 20 units, strong NOI.

    Property size:
    18,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20-unit apartment building presents a compelling investment opportunity in the desirable Van Nuys neighborhood of Los Angeles, California. Located at 6840 Kester Ave, this two-story building boasts 18,333 square feet on a 23,351 square foot corner lot at the intersection of Kester Ave and Hartland St, just north of Vanowen St. Built in 1961 and meticulously maintained, the property features a desirable unit mix, with 75% of the units being two and three-bedroom apartments, each equipped with private patios or balconies. Residents enjoy a refreshing swimming pool and the convenience of secure, gated covered parking. The building has undergone a complete seismic retrofitting, ensuring structural integrity and peace of mind. The property benefits from a 100% occupancy rate, generating a strong net operating income (NOI) of $193,492, resulting in a 4.21% cap rate. The asking price is $4,600,000, or $230,000 per unit. This prime location offers excellent access to major freeways (101, 405, 170, and 118) and public transportation, including the upcoming East San Fernando Valley Light Rail Transit project. The property is zoned LAR1.5. This well-maintained asset represents a rare opportunity to acquire a high-performing multifamily property in a thriving Los Angeles market. The APN is 2219-018-018.

    Property Features for 6840 Kester Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    18,333 SF

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    2
    Units
    20
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm 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
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4570986
    Latitude
    34.1951573

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    FAQs

    What type of property is this?
    Multifamily property - Prime Van Nuys location, 20 units, strong NOI.
    Where is this multifamily property located?
    The property is located at 6840 Kester Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,600,000.
    Request Owner's contact information
    6840 Kester Ave Los Angeles, CA 91405
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    Los Angeles, 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
    6840 Kester Ave Los Angeles, CA 91405
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