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$ 2,299,000
Est. payment | /mo
0.25 Acres Lot
$ 2,299,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24156369
HOA Y/N No
Lot Size 0.255 Acres
Property Description
We proudly present 6640 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 6638 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
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Curbs, Valley
View Y/N Yes
View City Lights
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 2236005010
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by Ani Acevedo • Lincoln Estates Inc. • 818-516-1154