Van Nuys Multifamily Investment
For Sale
Contact for pricing
Pending
6840 Kester Ave, Los Angeles, CA 91405
Well-maintained 20-unit apartment building in a central San Fernando Valley location.
Property Size18,333 SF
Days on Market741
Property Features for 6840 Kester Ave
General Information
Standard status
Pending
Size
18,333 SF
Property subtype
Multifamily
Zoning
LAR1.5
Occupancy
100%
Net Operating Income
$193,492
Building Details
Year Built
1961
Buildings
1
Stories
2
Units
20
Listing Agency:
Tamarack Real Estate Services
Listed By:
Michael Susson · License #CA 01515991
Source:
Crexi
Added: Aug 21, 2024
Changed: Aug 12
Last Checked: Aug 29 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tamarack Real Estate Services
Investment Insights
Based on property information with market context.
This 20-unit apartment building is located in Van Nuys, California. The property is centrally located in the San Fernando Valley, with access to the 101, 405, 170, and 118 freeways. Public transportation is readily available, including the East San Fernando Valley Light Rail Transit project, currently under construction, which will feature 11 stops from Van Nuys to Pacoima. The property features a unit mix of 15 two- and three-bedroom units and 5 one-bedroom units. Each unit includes private patios or balconies. The two-story building includes a pool and secure, gated parking with covered spaces. Seismic retrofitting has been completed. The property is situated on a corner lot at the intersection of Kester Avenue and Hartland Street, just north of Vanowen Street. The location is walkable and bikeable with good transit. A new roof has just been completed. The property size is 18333 square feet.
Key Highlights
- Favorable unit mix: 75% of units are desirable 2 & 3 bedroom configurations.
- Excellent location with immediate access to the 101, 405, 170, and 118 freeways.
- New roof recently completed.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 20-unit apartment building in a central San Fernando Valley location.
Where is this apartment building located?
The property is located at 6840 Kester Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Favorable unit mix: 75% of units are desirable 2 & 3 bedroom configurations.; Excellent location with immediate access to the 101, 405, 170, and 118 freeways.; New roof recently completed.
