14758 Victory Blvd
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14758 Victory Blvd
8 Unit Apartment Building $1,649,000 ($206,125/Unit) 5.66% Cap Rate Van Nuys, CA 91411
Investment Highlights
- Seller Carry Available - Inquire Agent
- 23% + Upside Potential
- Copper Plumbing
- Great Unit Mix ( 1 Bed's & 2 Bed's )
- ADU Potential
- Laundry Facility On-Site, Storage (Potential for additional income)
Executive Summary
Keller Williams is pleased to present an eight-unit apartment building at 14758 Victory Blvd. in Van Nuys. Built in 1965, this property offers 5,789 square feet of living space on a 6,506-square-foot lot. The unit mix includes 5 (1 +1) , 1 (2+1) , 2 (2+2). Several units have been upgraded, and there is an on-site laundry facility. Additionally, storage space above the parking area creates an opportunity for added income.
Upside Potential:
Current rents have over 23% upside potential. Additionally, there is the potential to add ADU's, which could yield a cap rate of 7.78% and a GRM of 8.81 upon completion. This is a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to verify all ADU details independently.
***Seller carry financing may be available. Inquire from agent. ***
Located in Van Nuys, this property benefits from close proximity to local amenities, schools, parks, and major transportation routes, making it an appealing choice for both renters and investors. Whether you're expanding your investment portfolio or seeking a stable income-generating property, 14758 Victory Blvd. offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don’t miss out on owning a valuable piece of Van Nuys real estate. Schedule your private showing to explore the potential of this impressive apartment building.
Upside Potential:
Current rents have over 23% upside potential. Additionally, there is the potential to add ADU's, which could yield a cap rate of 7.78% and a GRM of 8.81 upon completion. This is a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to verify all ADU details independently.
***Seller carry financing may be available. Inquire from agent. ***
Located in Van Nuys, this property benefits from close proximity to local amenities, schools, parks, and major transportation routes, making it an appealing choice for both renters and investors. Whether you're expanding your investment portfolio or seeking a stable income-generating property, 14758 Victory Blvd. offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don’t miss out on owning a valuable piece of Van Nuys real estate. Schedule your private showing to explore the potential of this impressive apartment building.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,649,000 | Building Class | C |
| Price Per Unit | $206,125 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,789 SF |
| Cap Rate | 5.66% | Average Occupancy | 100% |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.38/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,649,000 |
| Price Per Unit | $206,125 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,789 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.38/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 2 | - | - |
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2241-002-014 | Improvements Assessment | $508,769 (2024) |
| Land Assessment | $432,106 (2024) | Total Assessment | $940,875 (2024) |
PROPERTY TAXES
Parcel Number
2241-002-014
Land Assessment
$432,106 (2024)
Improvements Assessment
$508,769 (2024)
Total Assessment
$940,875 (2024)
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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14758 Victory Blvd
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