Panorama City, CA 91402 8710 Kester Avenue

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Presented By: Steven Gutierrez-Kovner with JohnHart Real Estate; 818-749-5910
  • MLS# GD24059268
  • 03/26/2024
  • Request Tour
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  • BedBeds • 30
  • BathBaths • 34
  • FootageSQFT • 18,255

Home Details

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!
Presented By: Steven Gutierrez-Kovner with JohnHart Real Estate; 818-749-5910

Interior Features for 8710 Kester Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringCarpet, Laminate, Tile
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 8710 Kester Avenue

Additional Parcels Y/NNo
AppliancesElectricRange, FreeStandingRange
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.35
Carport Y/NYes
CityPanorama City
Community FeaturesSidewalks
ContingencySale is subject to seller completing a 1031 exchange.
CountyLos Angeles
Days on Market
DirectionsIn between: Parthenia Street and Rayen Street
Electric Expense1858.0
Entry LocationFront of the building
Fuel Expense343.0
Garage Spaces0.0
Garage Y/NNo
Gross Income280836.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5028.0
Interior FeaturesBalcony, GraniteCounters, Storage
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet21659.0
MLS AreaPC - Panorama City
MaintenanceExpense35230.0
MobileHomeRemainsYNNo
Net Operating Income195658.0
New ConstructionNo
Operating Expense76753.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameKester
Tax Lot1
Total Units15
Trash Expense7028.0
View Y/NNo
Water Sewer Expense9532.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 8710 Kester Avenue

Building Area Total18255.0
Crops Included Y/NNo
Door FeaturesSlidingDoors
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.4972
Lot Size Area21659.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters16
Number of Separate Gas Meters1
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,499,000
MLS#GD24059268
List Date 03/26/2024
Property Type Multi-Family
Phone 714.964.3311
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