6956 Kester Avenue, Van Nuys, CA 91405
List Price: $4.59M
Listing Status: Active
Original List Price: $4.8M
0Days on Market: 72
37 Bedrooms · 37 Bathrooms · 20,880 sq ft
Property Type: ResidentialIncome
Year Built: 1965
Lot Size: 23,586 sq ft
MLS Number: 26859211
About This Property
INCREDIBLE AND HARD TO FIND ASSUMABLE LOAN FOR 65% OF THE PURCHASE PRICE!!!!!!!!!!!!!!!!!!! 3.75% FIXED- $3,000,000 - VALID FOR 4 MORE YEARS UNTIL 6/1/2030; Corner Lot measuring 23,586 square feet; Ideal unit mix of Fourteen (2+2) and Nine ( 1+1), and one (1) SIngle existing ADU almost complete; Bright units with private balconies or patios; Strong in-place rents with current cap rate of 7.57%; GIM equal to 8.3; Spacious Floorplans with average unit size of 908 square feet; Copper plumbing; Plans and permits for 2 additional attached ADU apartments which when completed will satisfy the Seismic Retrofit requirement (Buyer to Verify); On-Site Laundry Facilities; Ample parking spaces. Marketing package attached under DOCS.
Listing provided by: Jeanette Monfared DRE #00765098 818-212-2700 Janette.Monfared@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26859211
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.