Mostly 2 BR Units | Approx. 30% Rental Upside 13350 Victory Blvd 5 Unit Apartment Building $1,299,995 ($259,999/Unit) 4.49% Cap Rate Van Nuys, CA 91401

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.