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$ 1,950,000
Est. payment | /mo
0.25 Acres Lot
$ 1,950,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25017186
HOA Y/N No
Lot Size 0.255 Acres
Acres 0.2548
Property Sub-Type Lots/Land
Property Description
***RTI received. All plans have been approved.***Listed $100K below appraised value! Priced to sell.***We proudly present 6640 Kester Ave, a corner lot in the heart of Van Nuys, centrally located and close to retail, government offices, schools, and businesses. 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 areas high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metros 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.
***RTI received. All plans have been approved.***Listed $100K below appraised value! Priced to sell.***We proudly present 6640 Kester Ave, a corner lot in the heart of Van Nuys, centrally located and close to retail, government offices, schools, and businesses. 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 areas high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metros 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.
***RTI received. All plans have been approved.***Listed $100K below appraised value! Priced to sell.***We proudly present 6640 Kester Ave, a corner lot in the heart of Van Nuys, centrally located and close to retail, government offices, schools, and businesses. 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 areas high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metros 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.
Location
State CA
County Los Angeles
Area Van Nuys (91405)
Building
Lot Description Curbs
Others
Monthly Total Fees $16
Listed by Ani Acevedo • Lincoln Estates Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "