8710 Kester Avenue
Los Angeles, CA 91402
Active for $4,499,000
| MLS | GD24059268 |
| Year Built | 1962 |
| Property Type | Commercial |
| Property Subtype | Commercial |
| County | Los Angeles |
| Status | Active |
| Active | $4,499,000 |
| Structure Size | 18,255 sqft |
| Lot Size | 21,652 sqft |
| Beds | 30 |
| Baths | 38 |
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!
Listing information courtesy of: Steve Gutierrez-Kovner, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 04/26/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Location
Listed By
DRE #01873088
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