6144 Kester AveLos Angeles, CA 91411
- Retail properties
- 796 SF
Property Details for 6144 Kester Ave
- Year built
- 1974
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 796 SF
- Zone code
- LAM2
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 2241-017-013
- APU
- 2241017013
Description
This exceptional corner property at 6144 Kester Ave, Los Angeles, CA 91411, presents a lucrative investment opportunity. The 796 square foot building sits on a sizable 7,387 square foot lot, zoned M2-1, and boasts a current cap rate of 5.75%. Currently occupied by a used car dealership under a month-to-month lease, generating $91,896 in annual net rent ($7,658/month NNN), this property offers immediate income potential. The prominent corner location provides excellent visibility and the potential for impactful pole signage. The property's APN is 2241-017-013. Given its location in Los Angeles County and its substantial lot size, this property presents significant potential for future development, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a thriving market. The asking price is $1,550,000. This represents a reduced price from a previous listing. Serious inquiries only.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $338,724
- 6.5%
- $312,668
- 7%
- $290,335
-
Comparable approach
- Method
- Valuation
- Relative Method
- $381,446
- Geo Method
- $381,446
-
Alternative Use
- Use
- Valuation
- Residential
- $263,747
- Hospitality
- $241,591
- Educational
- $201,001
- Medical
- $207,914
- Retail
- $312,668
Location Insight
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Latitude
- 34.1819
- Longitude
- -118.457
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at support@realmo.com and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.