14758 Victory Boulevard
Van Nuys, CA, 91411
$1,649,000
Beds
0 Baths
SqFt
0.15 Acres
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We are 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&#39'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&#39'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.

Property Details

Price:
$1,649,000
MLS #:
SR24174399
Status:
Active
Baths:
0
Address:
14758 Victory Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
vnvannuys
City:
Van Nuys
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
91411
Lot Size:
6,506 sqft / 0.15 acres (approx)
Year Built:
1964
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Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Valley
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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Tenant Pays
Electricity, Gas

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14758 Victory Boulevard
Van Nuys, CA