6638 Kester, Van Nuys, CA 91405 - MLS#SR24158536

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Nicole Hazelton

[email protected] +1(619) 206-1892

$2,299,000

Est. payment - /mo

0.25 Acres Lot

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UPDATED:

08/02/2024 02:18 AM

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24158536

HOA Y/N No

Lot Size 0.255 Acres

Acres 0.2548

Property Description

We proudly present 6638 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 6640 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 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.
We proudly present 6638 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 6640 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 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 $14

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Listed by Ani Acevedo • Lincoln Estates Inc.

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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