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$2,299,000

Est. payment - /mo

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0.25 Acres Lot

Active

6638 Kester AVE Van Nuys, CA 91405

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24158536

HOA Y/N No

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

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 2236005011

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Listed by Ani Acevedo • Lincoln Estates Inc. • 818-516-1154

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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