5640 Kester Ave
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5640 Kester Ave
6 Unit Apartment Building $2,369,218 CAD ($394,870 CAD/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 In Escrow
| Price | $2,369,218 CAD | Building Class | C |
| Price Per Unit | $394,870 CAD | 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 | $2,369,218 CAD |
| Price Per Unit | $394,870 CAD |
| 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 | $9,527 CAD | - |
| 2+1 | 2 | $5,080 CAD | - |
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PROPERTY TAXES
| Parcel Number | 2244-014-026 | Improvements Assessment | $1,120,126 CAD |
| Land Assessment | $1,680,960 CAD | Total Assessment | $2,801,085 CAD |
PROPERTY TAXES
Parcel Number
2244-014-026
Land Assessment
$1,680,960 CAD
Improvements Assessment
$1,120,126 CAD
Total Assessment
$2,801,085 CAD
ZONING
| Zoning Code | LARD1.5 |
| LARD1.5 |
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5640 Kester Ave
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