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$1,649,000
Est. payment /mo
6,506 Sqft Lot
UPDATED:
11/22/2024 04:27 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24174399
Originating Board California Regional MLS
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 N
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 2241002014
Special Listing Condition Not Applicable
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Listed by Akash Saini • Keller Williams Realty Calabasas
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Sharad Gupta
Broker | License ID: 02213637
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