6840 Kester Avenue

Van Nuys, CA 91405

$4,600,000
Price
41
Beds
26
Baths
18,333 Sq. Ft.
$251 / Sq. Ft.
18,333
Sq. Ft.
$251
per Sq. Ft.

Description

This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. 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...This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. 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.
  1. Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman

Property Details for 6840 Kester Avenue

Zoning
LARD1.5
Parcel Number
2219018018
Total Units
20.0
Living Area
18333
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
0
Lot Size Area
23351
LISTING UPDATED: 10/29/2024 02:02 PM

Property Details for 6840 Kester Avenue

StatusActive
MLS #24-428723
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.54 AC / 23,351 SF
CountyLos Angeles County

Building Information for 6840 Kester Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.54 AC / 23,351 SF

Property Information for 6840 Kester Avenue

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1 2+1 3+2
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $395,879
  • Net Operating Income: $193,492.00
  • Gross Income: $403,958
  • Cap Rate: 4.21%
  • Gross Rent Multiplier: $11.39
  • Total Annual Expense: 202387
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5361
  • Lot Size Square Feet: 23351
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 20
  • Covered Parking: 20
  • Parking Features: Covered, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator, Microwave
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground
  • Pool Features: In Ground
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,326.00
  • Unit Actual Rent: $6,634.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,616.00
  • Unit Actual Rent: $14,551.00
  • Unit Projected Rent: $19,800.00
  • Like Units: 9
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,635.00
  • Unit Actual Rent: $1,635.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,019.00
  • Unit Actual Rent: $11,729.00
  • Unit Projected Rent: $12,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $654,352.00
  • Assessed Improvement Percent: 67.64
  • Assessed Land Value: $313,079.00
  • Assessed Land Percent: 32.36
  • Assessed Total Value: $967,431.00

Property History for 6840 Kester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6840 Kester Avenue

Taxable ValueLand$319,340Additions$672,439Total$991,779
Tax Record2024$15,184 ($1,265 / month)
Home Facts
Total Finished SqFt18,333 SqFtAbove Grade Finished SqFt18,333 SqFtLot Size23,294 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLARD1.5CountyLOS ANGELESAPN2219-018-018

Schools near 6840 Kester Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Robert Fulton College Preparatory School
Public6 to 12

Van Nuys Senior High School
Public9 to 12

Valley Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6840 Kester Avenue is a multi-family home for sale in Van Nuys, CA 91405. This property was listed for sale on August 16, 2024 by David Ballin Kaufman, it's currently listed at $4,600,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Andres And Maria Cardenas Elementary School, Robert Fulton College Preparatory School and Van Nuys Senior High School. 6840 Kester Avenue is a 41-bed, 26-bath, 18,333 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.