37-Bedroom Residential Income - 6956 Kester Avenue, Van Nuys, CA

$4,595,000

6956 Kester Avenue, Van Nuys, CA

6956 Kester Avenue, Van Nuys, CA 91405 - $4,595,000 · 37 bd 37 ba Multi-Family Home for Sale, photo 3

6956 Kester Avenue, Van Nuys, CA 91405 - $4,595,000 · 37 bd 37 ba Multi-Family Home for Sale, photo 4

6956 Kester Avenue, Van Nuys, CA 91405 - $4,595,000 · 37 bd 37 ba Multi-Family Home for Sale, photo 5

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Description

INCREDIBLE AND HARD TO FIND ASSUMABLE LOAN FOR 65% OF THE PURCHASE PRICE!!!!!!!!!!!!!!!!!!! 3.75% FIXED- $3,000,000 - VALID FOR 4 MORE YEARS UNTIL 6/1/2030; Corner Lot measuring 23,586 square feet; Ideal unit mix of Fourteen (2+2) and Nine ( 1+1), and one (1) SIngle existing ADU almost complete; Bright units with private balconies or patios; Strong in-place rents with current cap rate of 7.57%; GIM equal to 8.3; Spacious Floorplans with average unit size of 908 square feet; Copper plumbing; Plans and permits for 2 additional attached ADU apartments which when completed will satisfy the Seismic Retrofit requirement (Buyer to Verify); On-Site Laundry Facilities; Ample parking spaces. Marketing package attached under DOCS.

Property details

Bedrooms

Bathrooms

Square feet

20,880

Year built

1965

Property type

Residential Income

Lot size

23,586 sqft

Location

6956 Kester Avenue • Van Nuys, CA 91405

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Listed by

Jeanette Monfared · Marcus & Millichap

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