14758 Victory Blvd, Van Nuys, California, United States

Report Listing

Home For Sale

$1,750,000

14758 Victory Blvd
Van Nuys, California, United States

11bd 10ba

Listed By: Realtyww Info

Listed On: 08/24/2024

Listing ID: GL11453340 View More Details

Description

A eight-unit apartment building located at 14758 Victory Blvd. in Van Nuys, CA, built in 1965 and offers a living area of 5, 789 square feet on a 6, 506 square foot lot. The unit mix comprises 5 one-bedroom one bath, 1 two-bedroom one bath, and 2 two-bedroom two baths. Some units have been upgraded, and there is an on-site laundry facility. Additionally, there is storage space above the parking area, which creates an opportunity for additional income. UPSIDE POTENTIAL: There is over 23% upside potential in current rents. Additionally, there is an opportunity to construct an ADU and Jr. ADU. Upon completion, the property could achieve a 8.36% cap rate and a 8.87 gross rent multiplier (GRM). This presents a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to do its own investigation regarding the ADU

For more details:

Listed by: Akash D. Saini