6144 Kester Ave Van Nuys, CA 91411-2126
- Auto shops
- 796 SF
- 0.17 lot acres
Current Use by Public Records
- Best Price Cars / Used Car Dealer
Property Details for 6144 Kester Ave
- Year built
- 1974
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 lot acres
- Property size
- 796 SF
- Zone code
- LAM2
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $295,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $245,000
- Mixed-Use
- $305,000
- Hospitality
- $270,000
- Educational
- $270,000
- Residential Income
- $250,000
- Energy
- $310,000
- Income-Based Land
- $265,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Longitude
- -118.457
- Latitude
- 34.1819
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA