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$ 4,650,000
Est. payment | /mo
14,279 SqFt
$ 4,650,000
Est. payment | /mo
14,279 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,279 sqft
Price per Sqft $325
MLS Listing ID CL26664759
HOA Y/N No
Year Built 2021
Lot Size 6,449 Sqft
Acres 0.148
Property Sub-Type Other
Property Description
NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs including Sherman Oaks, Encino, Burbank, Warner Center and North Hollywood. Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot. Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each. This is a low maintenance and easy management property creating stable cash flow. Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand. The East San Fernando Valley Light Rain Transit Project along Van Nuys Blvd is expected to connect the area to the broader Metro system, increasing long term accessibility and property values. Continued Investment in the area and along Van Nuys Blvd aims at improving walkability and commercial activity. The nearby Van Nuys airport is one of the busiest general aviation airports in the world and supports thousands of aviation and aerospace jobs.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Washer
Building
New Construction No
Others
Tax ID 2236020029
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Listed by Alex Galuz • Keller Williams Realty Calabasas
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