This beautiful 6 unit apartment building is located at 6257 Kester Ave in Van Nuys, which hosts a unit mix of 6-two bedroom and one bath units. Located on Kester Ave below Victory Blvd is ideally suited for first time investors and seasoned investors alike. This strong cash flow investment has potential rental upside, on-site parking, new windows, recently painted, and on-site laundry. Located in a high demand rental location and in an area that has shown continued improvement over the years. The property is individually metered for gas & electric.
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List Price | $1,189,000 |
Property Type | Multi-Family |
Usable Sqft | 5,440 |
Number of Stories | Unknown |
Parking Spots | 0 |
Year Built | 1957 |
Last Sold | September 22, 2017 |
Sold Price | 1,223,000 |
APN # | Unknown |
MLS # | SR17176484 |
Property ID | 1450459 |
Lot Sqft | 8,916 |
Zoning | LAR3 |
Total Units | 6 |
Date Updated | May 19, 2018 |
Date Created | August 01, 2017 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 2 | 1.0 | $7,075 | $10,200 |
Gross Income (Yr) | $ 83,517 |
Operating Expenses | $ 34,248 |
Net Income (Yr) | $ 49,269 |
Cap Rate | 4.14% |
James Antonucci an agent of Keller Williams Realty-Studio. Lic #01822661
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2724 Abbot Kinney Blvd #202
Venice, CA 90291
California DRE # 01956587
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