13350 Victory Blvd - Apartments FOR SALE


Van Nuys, CA 91401
$1,299,995 USD
818-219-6146
13350 Victory Blvd, Van Nuys, CA for Sale
$1,299,995 USD
Apartments - FOR SALE
1/12
null | 4.49% Cap Rate

13350 Victory Blvd
Van Nuys, CA 91401


HIGHLIGHTS

  • Superb Unit Mix – Mostly Two Bedroom Units
  • Excellent Value-Add Opportunity – Current Rents Approximately 30% Below Market
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)
  • Garage Parking Space for All Units
  • Partial Copper Plumbing
  • Two Miles to NoHo West Shopping Center, Featuring Nordstrom Rack, LA Fitness, Paris Baguette, Regal Cinemas, and Trader Joe’s

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 13350 Victory Boulevard, a five-unit multifamily property in the desirable Valley Glen neighborhood of Van Nuys, CA. With excellent visibility along one of the San Fernando Valley’s main thoroughfares, the property offers an investor the opportunity to add significant value by recapturing approximately 30% in rent upside. Five garage parking spaces in the rear of the property provide a unique amenity for this neighborhood, as well as a supplemental revenue stream. Portions of the plumbing system have already been upgraded with copper pipes. The building is not on the Los Angeles Department of Building and Safety’s seismic retrofit list, saving an owner from an otherwise costly renovation (Buyer to verify). Located near the intersection of Fulton Avenue and Victory Boulevard, the property allows tenant convenient access to the 170 and 101 Freeways. NoHo West, a newer mixed-use development, is only two miles from the building and offers residents a variety of dining and entertainment options, including Regal Cinemas, Trader Joe’s, LA Fitness, Starbucks, Nordstrom Rack, and Paris Baguette.

FOR SALE DETAILS

PRICE

$1,299,995 USD

PRICE/SF

$241 USD /SF

# OF UNITS

5

PRICE/UNIT

$259,999

CAP RATE

4.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mostly 2 BR Units | Approx. 30% Rental Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,120 SF

ZONING

LAR3

APN/PARCEL ID

2330-002-015

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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