$550,000 7239 Kester Avenue Van Nuys, CA

MLS: SR20264685   Type: Land   County: Los Angeles   City: Van Nuys   Zip: 91405  

Mortgage $2,582 /mo



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We are pleased to represent 7239 Kester which is located in Van Nuys. Kester is an excellent property for an owner/builder/developer. Per the city of LA zoning, a new Junior ADU potentially can be added on the lot and the garage potentially can be converted to an ADU as well for additional revenue. Potential rental income after ADU additions can be $60,000 annually. Proforma GRM will be 9.1 and proforma CAP will be 8.1. In addition, the property is located in an opportunity zone area providing investors tax benefits. The front house currently has two bedrooms and one bath. The home features an updated kitchen, bath, side by side laundry, large fenced yard with 2 car garage spaces and a security gated lot. The subject is located within walking distance to restaurants and shopping with easy access to freeways and schools. Listing agent does not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size/dimensions, permitted or unpermitted spaces, zoning, rent control status or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information through personal inspections & with appropriate professionals.

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Price History

1/4/2021 Listed $550,000

Additional Parcels Y/N No
Association Y/N No
Community Features Street Lights, Sidewalks
HOA Fee 0
Land Lease Y/N No
MLS Area VN - Van Nuys
Property Type Land
Senior Community Y/N No
Terms Cash to New Loan
View Neighborhood
Zoning LARD1.5

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.1
Lot Size Area 4350
Lot Size Source Assessor
Lot Size Square Feet 4350
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Property Schools

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Property vs Zip Code Avg (91405)

Price 550K Avg 550K

Acres 0.1 Avg 0.1

Visits 55 Avg 48

Days on Site 109 Avg 109

Walkscore® 69 Avg 69

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Anie Mayelian with Keller Williams Encino-Sherman Oaks.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA