6840 Kester Ave - 20 Unit Apartment Building
Multifamily | 20 Units | $220,000/unit
Marketing description
This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. New roof just completed. Centrally located in the San Fernando Valley, this complex has almost immediate access to the 101, 405, 170, and 118 freeways, as well as an abundance of public transportation, including a new line currently in construction: the East San Fernando Valley Light Rail Transit project, that will feature 11 stops from Van Nuys to Pacoima.
This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed.
This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.
Investment highlights
Excellent San Fernando Valley Location
Favorable Mix of 2 & 3 Bedroom Units (75%)
Well Maintained, Pool, Private Patios/Balconies
Seismic Retrofitting Completed
Gated, Secure Covered Parking
Corner Lot on the corner of Kester Ave & Hartland St
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