14827 W Victory Blvd - Apartments FOR SALE


Van Nuys, CA 91411
$4,950,000 USD
310-466-0888
14827 W Victory Blvd, Van Nuys, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/36
null | 5% Cap Rate

14827 W Victory Blvd
Van Nuys, CA 91411


HIGHLIGHTS

  • NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley
  • conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs
  • Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot.
  • Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each
  • This is a low maintenance and easy management property creating stable cash flow.
  • Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand.

OVERVIEW

NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs including Sherman Oaks, Encino, Burbank, Warner Center and North Hollywood. Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot. Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each. This is a low maintenance and easy management property creating stable cash flow. Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand. The East San Fernando Valley Light Rain Transit Project along Van Nuys Blvd is expected to connect the area to the broader Metro system, increasing long term accessibility and property values. Continued Investment in the area and along Van Nuys Blvd aims at improving walkability and commercial activity. The nearby Van Nuys airport is one of the busiest general aviation airports in the world and supports thousands of aviation and aerospace jobs.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

9

PRICE/UNIT

$550,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAR3

APN/PARCEL ID

2236-020-029

ASK ABOUT THIS PROPERTY

Alex GaluzKW CommercialMore Info
310-466-0888

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Alex GaluzKW CommercialMore Info
310-466-0888

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