$ 1,750,000
14758 Victory Boulevard Van Nuys, CA 91411
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$ 1,750,000
Est. payment | /mo
5 Beds
4 Baths
6,506 Sqft Lot
$ 1,750,000
Est. payment | /mo
5 Beds
4 Baths
6,506 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24174399
Bedrooms 5
HOA Y/N No
Lot Size 6,506 Sqft
Property Description
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 ***
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 ***
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 ***
Location
State CA
County Los Angeles
Area Van Nuys (91411)
Zoning Assessor
Interior
Cooling Wall/Window
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Conventional, Exchange
Space Rent $1,471
Listing Terms Conventional, Exchange
Listed by Akash Saini • Keller Williams Encino/Sherman Oaks
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States