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13440 Victory Blvd
Van Nuys, CA 91401
12 GRM and 5% CAP | 5 Vacancies | 83% Upside · Multifamily Property For Sale · 13 Units

Investment Highlights

  • Rare Repositioning Opportunity -- Five Units Delivered Vacant with Some Vacancies Partially Remodeled for Near-Immediate Income Boost
  • Attractive 5.09% Stabilized CAP Rate and 12.51 Stabilized GIM Compared to Recent Sales of Comparable Properties
  • Spacious Floorplans -- 12,483 Square Feet Spread Over 13 Apartments
  • Approximately 83% Rent Upside Among Occupied Units Allowing for Impressive Long-Term Income Growth
  • Desirable Unit Mix -- Mostly Two-Bedroom Units
  • Select Upgraded Units Feature Central Air/Heat, Bamboo Flooring, Vinyl Windows, and Granite Countertops

Property Facts

No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 12,483 SF
No. Stories 2
Year Built 1964
Zoning LAR3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $1,209 640
2+1 9 $1,514 1,000

Property Taxes

Property Taxes

Parcel Number
2330-002-034
Land Assessment
$1,872,720
Improvements Assessment
$1,248,480
Total Assessment
$3,121,200
  • Listing ID: 26671690

  • Date on Market: 9/20/2022

  • Last Updated:

  • Address: 13440 Victory Blvd, Van Nuys, CA 91401

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