6840 Kester AveLos Angeles, CA 91405

This exceptional 20-unit apartment building presents a compelling investment opportunity in the desirable Van Nuys neighborhood of Los Angeles, California. Located at 6840 Kester Ave, this two-story building boasts 18,333 square feet on a 23,351 square foot corner lot at the intersection of Kester Ave and Hartland St, just north of Vanowen St. Built in 1961 and meticulously maintained, the property features a desirable unit mix, with 75% of the units being two and three-bedroom apartments, each equipped with private patios or balconies. Residents enjoy a refreshing swimming pool and the convenience of secure, gated covered parking. The building has undergone a complete seismic retrofitting, ensuring structural integrity and peace of mind. The property benefits from a 100% occupancy rate, generating a strong net operating income (NOI) of $193,492, resulting in a 4.21% cap rate. The asking price is $4,600,000, or $230,000 per unit. This prime location offers excellent access to major freeways (101, 405, 170, and 118) and public transportation, including the upcoming East San Fernando Valley Light Rail Transit project. The property is zoned LAR1.5. This well-maintained asset represents a rare opportunity to acquire a high-performing multifamily property in a thriving Los Angeles market. The APN is 2219-018-018.