8710 Kester Avenue Panorama City, CA $ 4,499,000
8710 Kester Avenue
$ 4,499,000
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8710 Kester Avenue

Panorama City, CA, 91402
$ 4,499,000
Bedrooms30 Baths34.0 Sq 18,255

Monthly Estimate*

$ 31,427

Listed by JohnHart Real Estate
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Multi-Family Home for sale in Panorama City, CA

for $4,499,000 with 30 bedrooms and 34 full baths. This 18,255 square foot home was built in 1962 on a lot size of 0.4972.

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!

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Multi-Family Active

Price

$ 4,499,000

Bedrooms

30

Full Bath

34

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.4972

Year Built

1962

Town/City

Panorama City

County/Region

Los Angeles

MLS | Web ID

GD24059268

Days on Market

33

Features
General
Interior Features Balcony GraniteCounters Storage
Sewer PublicSewer
Appliances ElectricRange FreeStandingRange
Zoning LARD1.5
Garage Spaces 0.0
Pool Features None
Year Built 1962
Stories 2
Levels Two
Property SubType Apartment
Gross Income 280836.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 195658.0
Operating Expense 76753.0
Insurance Expense 5028.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Sale is subject to seller completing a 1031 exchange.
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions In between: Parthenia Street and Rayen Street
City Panorama City
Entry Location Front of the building
View Y/N N
Senior Community Y/N N
Total Units 15
MLS Area PC - Panorama City
Lot Size Square Feet 21659.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Kester
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 1858.0
Home Warranty Y/N N
Fuel Expense 343.0
Trash Expense 7028.0
Water Sewer Expense 9532.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Apartment
Cap Rate 4.35
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Interior
Flooring Carpet Laminate Tile
Fireplace Features LivingRoom
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N Y
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned Carport
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 21659.0
Number of Buildings 2
Spa N
Building Area Total 18255.0
Lot Size Acres 0.4972
Lot Size Units SquareFeet
Lot Size Source Assessor
Door Features SlidingDoors
Number of Separate Water Meters 2
Number of Separate Gas Meters 1
Number of Separate Electric Meters 16
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8710
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* Excluded Features
List By
Johnhart Real Estate

Broker

(818) 275-7015

Phone

Affordability Calculator

$31,427
Per Month
100%
0%
0%
Monthly Principal & Interest
$31,427
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$4,499,000 Listed Price

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8710 Kester Avenue, Panorama City, CA, 91402 is a Multi-Family Home for sale at $4,499,000 with 18,255 sqft and a lot size of 0.4972. 8710 Kester Avenue has 30 bedrooms, 34.0 baths, and was built in 1962. The property's zip code is 91402 which is in Panorama City, CA