$2,299,000
For Sale

6640 Kester Avenue

Van Nuys, CA 91405
0.25 acres | #SR24156369
Listing OfficeLincoln Estates Inc.
Browse 4 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

We proudly present 6640 Kester Ave in Van Nuys, CA, a corner lot in the heart of Van Nuys, centrally located and close to retail, government offices, schools, and businesses. This property is sold together with 6638 Kester, which have been joined in a lot tie for development purposes. The property is shovel ready and RTI (Ready-To-Issue) permits will be provided at close. The plans for this development feature 12 state of the art apartments, designed for easy condo conversion. Residential units total 21,512 square feet, and consist of 9 3-bedroom + 3-bathroom units, and 3 2-bedroom + 2-bathroom units, with an average unit size of 1,330 square feet. On grade parking garage is 4,320 square feet, and features 19 parking spaces. Additionally, there is a 550 square foot recreation room with a bathroom, opening out to the outdoor common open space at the rear yard. This property is attractive for investors and developers eager to take advantage of this area’s high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metro’s projected plans for the construction of new rail lines connecting multiple parts of the City, makes this a desirable hub for renters or buyers alike.

  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • CountyLos Angeles
      • ViewCityLights
      • Original List Price$2,299,000
      • MLS #SR24156369
      • MLS #SR24156369
      • Property TypePurchase
      • Cost2299000
      • Acres0.2548
      • Utility SourcePublic
      • Property SubtypeLand

Location

Amber RomoReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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