6638 Kester Avenue Active

Van Nuys (los Angeles),CA 91405

$ 2299000

- Bed

- Bath

11098 SqFt


Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 11,098 sqft

Price per Sqft $207

MLS Listing ID CRSR24158536

Lot Size 0.255 Acres

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 area�??s high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metro�??s 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

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