6956 Kester Avenue - Assumable Loan at 3.75% -… — Sale in Van Nuys, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Van Nuys, CA 91405
Photos
Investment Figures
- Cap rate
- 7.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Kester Avenue Apartments are Located in a High-Demand Rental Market: • Strong Local Tenant Pool: Van Nuys serves as a high-density, high-demand rental pocket within the San Fernando Valley. The local demographic features an active workforce seeking stable, mid-tier multi-family housing. • Unbeatable Transit Logistics: 6956 Kester Avenue sits just minutes from major local commercial arteries like Van Nuys Boulevard and Sepulveda Boulevard. • Property location offers quick access to the Van Nuys Metrolink/Amtrak station, the Metro G Line, and the 405 freeway, making it a highly practical address for commuters traveling anywhere across Los Angeles. • Proximity to Neighborhood Anchors: Tenants are a short distance away from key employment and recreation hubs, including the Sepulveda Basin Recreation Area, Valley Presbyterian Hospital, and local schools like Cohasset Street Elementary. Investment Highlights: • ASSUMABLE LOAN- 3.75% FIXED- $2,800,000 - VALID FOR 4 YEARS UNTIL 6/1/2030 • Corner Lot measuring 23,586 square feet • Hard-to-find unit mix of Fourteen (2+2), Nine (1+1), and one single apartment • Bright units with private balconies or patios • Strong in-place rents with current cap rate of 7.5% • Spacious Floorplans with average unit size of 908 square feet • Copper plumbing • New Electrical Panels Plans and permits for 2 other attached ADU apartments in addition to existing ADU unit Addition of 2 additional ADU apartments satisfies the LADBS Seismic Retrofit requirement (Buyer to Verify) On-Site Laundry Facilities Ample parking spaces
Market Context
This multifamily in Van Nuys, CA is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Van Nuys, CA — view the full market.
Contact
- Janette Monfared · (818) 212-2752 · janette.monfared@marcusmillichap.com
- Danny Abergel · (818) 212-2715 · danny.abergel@marcusmillichap.com
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