8710 Kester Avenue

Panorama City, CA 91402

$4,499,000
Price
26
Beds
38
Baths
18,255 Sq. Ft.
$246 / Sq. Ft.
18,255
Sq. Ft.
$246
per Sq. Ft.

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...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!
  1. Listed by Steven Gutierrez-Kovner • DRE #01441197 • Brokerage DRE #01873088 • JohnHart Real Estate • 818-749-5910

Property Details for 8710 Kester Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
15.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet

Location

Listing Courtesy of JohnHart Real Estate, Steven Gutierrez-Kovner, DRE #01441197
Add your commute
LISTING UPDATED: 03/26/2024 03:20 AM

Property Details for 8710 Kester Avenue

StatusActive
MLS #GD24059268
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.50 AC / 21,659 SF
CountyLos Angeles County

Location

Listing Courtesy of JohnHart Real Estate, Steven Gutierrez-Kovner, DRE #01441197
Add your commute

Building Information for 8710 Kester Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.50 AC / 21,659 SF

Payment Calculator

$25,536 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,553

Property Taxes

$983

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8710 Kester Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $280,836
  • Gross Scheduled Income: $280,836
  • Net Operating Income: $195,658
  • Cap Rate: 4.35
Expense Details
  • Operating Expense: $76,753
  • Gardener Expense: $1,680
  • Fuel Expense: $343
  • Electric Expense: $1,858
  • Insurance Expense: $5,028
  • Maintenance Expense: $35,230
  • Professional Management Expense: $0
  • Trash Expense: $7,028
  • Water Sewer Expense: $9,532
  • Total Expenses: $76,753
Tax / Assessment Info
  • Tax Tract Number: 26421
  • Tax Census Tract: 1201.08
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Electric Range, Free-Standing Range
  • Interior Features: Balcony, Granite Counters, Storage
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: Living Room
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Door Features: Sliding Doors
  • Entry Location: Front of the building
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,849
  • Unit Type Total Rent: $1,849
  • Unit Type Pro Forma: 3355
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,493
  • Unit Type Total Rent: $1,493
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2017
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,142
  • Unit Type Total Rent: $1,142
  • Unit Type Pro Forma: 2017
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,941
  • Unit Type Total Rent: $1,941
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,564
  • Unit Type Total Rent: $1,564
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,563
  • Unit Type Total Rent: $1,563
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,487
  • Unit Type Total Rent: $1,487
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,664
  • Unit Type Total Rent: $1,664
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,456
  • Unit Type Total Rent: $1,456
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,839
  • Unit Type Total Rent: $1,839
  • Unit Type Pro Forma: 3355
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,567
  • Unit Type Total Rent: $1,567
  • Unit Type Pro Forma: 2518
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2

Property History for 8710 Kester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8710 Kester Avenue

Taxable ValueLand$310,399Additions$455,989Total$766,388
Tax Record2023$11,792 ($983 / month)
Home Facts
Total Finished SqFt18,255 SqFtAbove Grade Finished SqFt18,255 SqFtLot Size21,652 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD1.5CountyLOS ANGELESAPN2653-005-032

Schools near 8710 Kester Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alta California Elementary School
PublicK to 5

Vista Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8710 Kester Avenue is a multi-family home for sale in Panorama City, CA 91402. This property was listed for sale on March 26, 2024 by JohnHart Real Estate, it's currently listed at $4,499,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta California Elementary School, Vista Middle School and Valley Academy Of Arts And Sciences. 8710 Kester Avenue is a 26-bed, 38-bath, 18,255 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JohnHart Real Estate, Steven Gutierrez-Kovner, DRE #01441197

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.