5640 Kester Ave
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5640 Kester Ave
6 Unit Apartment Building $1,650,000 ($275,000/Unit) 4.79% Cap Rate Van Nuys, CA 91411
Investment Highlights
- An application for 2 ADU units has been submitted.
- Each unit of this building features air conditioning and heating, along with copper plumbing and individual water heaters.
- This multi-family property is located within walking distance to various retail, restaurant, and recreational amenities.
- The property is in close proximity to the 405 and 101 freeways, providing easy access to the greater Los Angeles area.
Executive Summary
Presenting a unique opportunity for investors looking to acquire a multi-unit residential property in the sought-after neighborhood of Van Nuys, just bordering Sherman Oaks. This six-unit property, is a balanced mix of four one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Each unit is equipped with central air conditioning and heating, copper plumbing, and individual water heaters, providing essential comforts to tenants and enhancing the property's value. As a key value-added opportunity, the owner will provide RTI (Ready-to-Issue) plans for a two-unit accessory dwelling unit (ADU) on the property. These plans would add an additional 1,498 square feet of rentable space, offering immediate upside potential for increased income. With its prime location near major freeways, recreational facilities, and amenities, this property is a rare opportunity to acquire a strong, income-producing asset with significant future growth potential.
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,520 SF |
| Cap Rate | 4.79% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low Rise | Parking Ratio | 1.33/1,000 SF |
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Tenancy | Single |
| Parking Ratio | 1.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $6,635 | - |
| 2+1 | 2 | $3,538 | - |
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PROPERTY TAXES
| Parcel Number | 2244-014-026 | Improvements Assessment | $779,489 |
| Land Assessment | $1,169,770 | Total Assessment | $1,949,259 |
PROPERTY TAXES
Parcel Number
2244-014-026
Land Assessment
$1,169,770
Improvements Assessment
$779,489
Total Assessment
$1,949,259
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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5640 Kester Ave
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