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7359 Kester Ave

6 Unit Block of Flats £2,965,070 (£494,178/Unit) 4.45% Net Initial Yield Van Nuys, CA 91405

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Investment Highlights

Six large, spacious townhouse style units with fireplaces.
Prime Van Nuys location!
Individual private garage with direct access.

Excellent unit mix.
Laundry in unit area.
Separate meter for gas, electric and water.

Executive Summary

Newer six-units townhouse style construction apartment building in the heart of Van Nuys. Each unit features a thoughtfully designed three level floor plan, including three spacious bedrooms, two full bathrooms and a guest bathroom. The open-concept kitchen, dinning and living area is complemented by a cozy fire place and in unit laundry area for added convenience. Individual private 2 car garages offers secure easy parking. Each unit is separated for all utilities.

7359 KESTER AVE - Brochure

Property Facts

Price	£2,965,070	Apartment Style	Low Rise
Price Per Unit	£494,178	Building Class	B
Sale Type	Investment	Lot Size	0.22 AC
Net Initial Yield	4.45%	Building Size	10,052 SF
Gross Rent Multiplier	15	Number of Floors	2
No. Units	6	Year Built	2017
Property Type	Residential	Parking Ratio	1.19/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,965,070
Price Per Unit	£494,178
Sale Type	Investment
Net Initial Yield	4.45%
Gross Rent Multiplier	15
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.22 AC
Building Size	10,052 SF
Number of Floors	2
Year Built	2017
Parking Ratio	1.19/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.