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13850 Victory Blvd
Van Nuys, CA 91401
Copper Plumbing | Low Price/Unit | 37% Upside · Multifamily Property For Sale
·
34 Units
Property Facts
| No. Units | 34 | Lot Size | 0.60 AC |
| Property Type | Multifamily | Building Size | 23,275 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Zoning | R3-1, Van Nuys | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 23,275 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R3-1, Van Nuys |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
About 13850 VICTORY BLVD , VAN NUYS, CA 91401
Marcus & Millichap is pleased to present 13850 Victory Boulevard, containing 34 apartment units, the property sits within the desirable Valley Glen neighborhood of Van Nuys on a large 26,350 square foot corner lot. With excellent visibility along Victory Boulevard, the property provides a new owner the opportunity to steadily improve cash flow by eventually capturing the approximately 37% rent upside. Situated in the desirable Valley Glen neighborhood of Van Nuys, the property benefits from the area’s continued rent growth. Average effective rents have continued their positive trajectory, increasing by 2.4% during 2017. During the same period, vacancy rates have remained well below the Los Angeles Metro average, with Van Nuys only reaching a 2.5% vacancy rate, compared to 3.6% for Greater Los Angeles. With its high visibility along Victory Boulevard and its central location in relation to major retailers and freeways, this property is in prime position to capitalize on these promising market trends.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $924.50 | 400 |
| 1+1 | 31 | $1,159 | 650 |
| 2+1 | 1 | $1,650 | 900 |
Property Taxes
| Parcel Number | 2239-005-076 | Improvements Assessment | $3,982,401 |
| Land Assessment | $2,639,763 | Total Assessment | $6,622,164 |
Property Taxes
