$1,750,000
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14758 Victory Boulevard Van Nuys, CA 91411
Apartment
Residence
Beds
Baths
5,789
Sq. Ft.
0.15
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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A eight-unit apartment building located at 14758 Victory Blvd. in Van Nuys, CA, built in 1965 and offers a living area of 5,789 square feet on a 6,506 square foot lot. The unit mix comprises 5 one-bedroom one bath, 1 two-bedroom one bath, and 2 two-bedroom two baths. Some units have been upgraded, a...nd there is an on-site laundry facility. Additionally, there is storage space above the parking area, which creates an opportunity for additional income.
UPSIDE POTENTIAL: There is over 23% upside potential in current rents. Additionally, there is an opportunity to construct an ADU and Jr. ADU. Upon completion, the property could achieve a 8.36% cap rate and a 8.87 gross rent multiplier (GRM). This presents a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to do its own investigation regarding the ADU ***
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MLS#
SR24174399
Property Type
Apartment
Status
Year Built
1964
Square Feet
5,789
sq. ft
Lot Size
0.15
Stories
2.0
Sewer
Public Sewer
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