14758 Victory Boulevard

Van Nuys, CA 91411

$1,750,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1964

calendar_month Built

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 ***

Listing Information

List Price $1,750,000
Status Active
MLS SR24174399
Type Residential Income
Subtype Apartment
Year Built 1964
Lot Size 6,506
Structure Size N/A
Courtesy Of Keller Williams Encino/Sherman Oaks
Listing Agent Akash Saini DRE#02010158

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Akash Saini, Keller Williams Encino/Sherman Oaks . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 8:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.