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5625 Kester Ave Van Nuys, CA 91411

$3,110,000.00

Description

We are is pleased to announce the sale of 5625 Kester Avenue, an 11-unit (plus one non-conforming unit) multifamily property located in the affluent community of Sherman Oaks, California. Both immediate and future cash flows can be dramatically strengthened through the assumption of the first trust deed, which allows for interest-only payments at an interest rate of only 3.35 percent. A courtyard property situated on a corner lot near the intersection of Burbank Boulevard and Kester Avenue, the building benefits from its high visibility and ease of access. Constructed in 1961, the 11+1 units feature large floorplans, spanning a total of 11,380 square feet.Select units within the property have undergone extensive renovations, effectively creating a blueprint for additional upgrades to the remaining units. Included in these improvements are luxury vinyl plank flooring, remodeled bathrooms, new ceiling fans, and new quartz countertops. The on-site laundry facilities are landlord-owned

Alison G. Turner (310) 776-6419

Address

  • Address: 5625 Kester Ave Van Nuys
  • City: Los Angeles
  • State/county: California CA
  • Zip/Postal Code: 91411
  • Country: United States

Detail

Updated on November 14, 2018 at 1:04 pm

  • Property ID: 8187
  • Price: $3,110,000.00
  • Property Size: 11 Sq Ft
  • Bedrooms: 18
  • Bathrooms: 16
  • Garage: 18
  • Property Type: Multi Family
  • Property Status: For Sale

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