Homes for sale - 14758 Victory BLVD, Van Nuys, CA 91411

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,649,000

Est. payment - /mo

6,507 Sqft Lot

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UPDATED:

11/22/2024 05:25 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24174399

HOA Y/N No

Year Built 1964

Lot Size 6,507 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 Nuys real estate. Schedule your private showing to explore the potential of this impressive apartment building.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 8

Pool None

Community Features Valley

Total Parking Spaces 8

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2241002014

Acceptable Financing Conventional, 1031 Exchange, Owner Will Carry

Listing Terms Conventional, 1031 Exchange, Owner Will Carry

Special Listing Condition Standard

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Listed by Akash Saini • Keller Williams Realty Calabasas • 916-704-4184

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

14758 Victory BLVD Van Nuys, CA 91411

Jessica Panzica

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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