$1,649,000
14758 Victory Boulevard Van Nuys (los Angeles), CA 91411
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Akash Saini • Keller Williams Realty Calabasas
$1,649,000
Est. payment /mo
5,789 SqFt
UPDATED:
11/22/2024 05:43 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,789 sqft
Price per Sqft $284
MLS Listing ID CRSR24174399
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 6,506 Sqft
Property Description
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'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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
Water Public
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