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Description
14758 Victory Boulevard, Van Nuys, CA 91411
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, and 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 ***
This is an Active listing.
Broker Office Phone Number: 818-475-3575
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 818-475-3575
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Wall or Window Air Conditioner(s)
Price History
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Date | Price | Variance | Type |
---|---|---|---|
8/22/2024 | $1,750,000 | - | Listed |
Listing By: Keller Williams Encino/Sherman Oaks via Data Source: California Regional Multiple Listing Service, Inc