8710 Kester Avenue , Panorama City, CA - 91402 is For Sale

  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
  • GD24059268
$4,499,000· Income property

Description

An amazing investment opportunity with significant upside potential, 8710 Kester in Panorama City is within a half mile of the Primestor-planned Panorama City Center, whose approx. 5 million square feet “redevelopment project brings a dynamic mixed-use environment including shopping, sit-down restaurants, health and wellness services, event gathering destinations, a range of housing options, and remote working areas.” Kester will be equally close to the planned East San Fernando Valley Light Rail Line, with a planned Metro stop at the City Center. With a diversified mix of two – 3/3 and eight – 2/3 unique townhome-style, plus three – 2/2, and two – 1/1 single level apartments, these well-maintained 15 units built in 1962 offer exceptional roominess (averaging 1217sf per unit) over 18,255sf GLA on a 21,622sf lot. Boasting 15 covered parking spots, newer roof, central AC and all-copper plumbing, these fully-occupied, all-electric units sit in the heart of this local redevelopment boom, with hundreds of apartments recently built (Panorama Tower) or slated for development … along with another nearby proposed mixed use “Icon at Panorama” project (adjacent to the Panorama City Center). whose almost-600,000sf residential/retail combination will make 8710 Kester a highly-coveted SF Valley address for decades to come!

Features

MLS#: GD24059268
List Price : $4,499,000
Total Units : 15
CAP rate : $4.35
Net Operating Income : $195,658
Sq M : 2,012 M2
Year Built : 1962
Days on market : 36 Days
Gross taxes : N/A
Address : 8710 Kester Avenue
City : Panorama City
State : CA
Zip Code : 91402
Neighborhood : N/A
Appliances : Electric Range, Free-Standing Range
Fireplace Features : Living Room
Stories : 2
Laundry : Community
Parking Features : Assigned, Carport
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $4,499,000
Acres : 0.4972
Lot Size (Acres) : 0.4972
Water : Public
Sewer : Public Sewer
Parking Features : Assigned, Carport
Pool Desc : None
Interior Features : Balcony, Granite Counters, Storage
Flooring : Carpet, Laminate, Tile
Rooms : Kitchen, Living Room
Driving Directions : In between: Parthenia Street and Rayen Street
Lot Features : 0-1 Unit/Acre
 
Courtesy of : Steven Gutierrez-Kovner , JohnHart Real Estate

Location

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