13060 Victory Blvd - Apartments FOR SALE


Van Nuys, CA 91401
$2,740,000 USD
213-866-9801
13060 Victory Blvd, Van Nuys, CA for Sale
$2,740,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

13060 Victory Blvd
Van Nuys, CA 91401


HIGHLIGHTS

  • First time on the market in market in more than 30 years
  • Below market rents - over 40% upside
  • Low Cost Per Unit
  • On site parking
  • Individually metered for gas and electricity
  • New electrical panels

OVERVIEW

20 units in Valley Glen. Long term owner - 1st time on the market in more than 30 years. The property consists of 18 - singles and 2 - 1 bedroom + 1 bath units. The square footage is 8,699 and it sits on a 17,092 square foot lot. The property was built in 1962. The rents are significantly below market. HUGE UPSIDE - RENTS ARE OVER 40% BELOW MARKET. The property is individually metered for gas and electricity. There are 20 parking spaces. Onsite laundry. Parking area has been repaved. New electrical panels. Close to shops, restaurants, NoHo Arts District, Warner Brothers Studios, Universal Studios, Burbank Airport and easy freeway access.

FOR SALE DETAILS

PRICE

$2,740,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

20

PRICE/UNIT

$137,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,093 SF

ZONING

LAR3

APN/PARCEL ID

2331-009-001

ASK ABOUT THIS PROPERTY

Michael SalernoLee & AssociatesMore Info
213-866-9801

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Michael SalernoLee & AssociatesMore Info
213-866-9801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.