7239 Kester AVE Van Nuys, CA 91405

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.