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14218 Victory Blvd 8 Unit Apartment Building $3,579,000 ($447,375/Unit) 5.01% Cap Rate Van Nuys, CA 91401
Investment Highlights
- Townhome style apartments
- 1988 Vintage Property
- RUBS Income (Ratio Utility Billing System)
Executive Summary
Eight fully renovated units, featuring modernized kitchens and bathrooms, new appliances, updated flooring, and in-unit washers and dryers. Originally constructed in 1988, the building is not subject to LA City RSO regulations. The unit mix includes three one-bedroom, one-and-a-half bathroom townhouse-style units and five two-bedroom, two-and-a-half-bathroom townhouse-style units. The total building area is 7,960 square feet, situated on a 6,504 square foot lot. Additional features include individual gas and electric metering for each unit, a secure 16-space gated parking area, and RUBS (Ratio Utility Billing System). Significant capital improvements have been completed in recent months. Immediate upside through rental rate increases.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$237,424
|
$29.83
|
| Other Income |
$21,287
|
$2.67
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$258,711
|
$32.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$79,543
|
$9.99
|
| Net Operating Income |
$179,168
|
$22.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $237,424 |
| Annual Per SF | $29.83 |
| Other Income | |
|---|---|
| Annual | $21,287 |
| Annual Per SF | $2.67 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $258,711 |
| Annual Per SF | $32.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $79,543 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $179,168 |
| Annual Per SF | $22.51 |
Property Facts
| Price | $3,579,000 | Building Class | C |
| Price Per Unit | $447,375 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,960 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.83 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1988 |
| Property Type | Multifamily | Parking Ratio | 2.01/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | LAR3 | ||
| Price | $3,579,000 |
| Price Per Unit | $447,375 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 13.83 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Oven
- Stainless Steel Appliances
- Range
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 3 | $6,551 | - |
| 2+2.5 | 5 | $13,234 | - |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 2240-013-008 | Improvements Assessment | $2,389,439 |
| Land Assessment | $1,137,827 | Total Assessment | $3,527,266 |
Property Taxes
Parcel Number
2240-013-008
Land Assessment
$1,137,827
Improvements Assessment
$2,389,439
Total Assessment
$3,527,266
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Presented by
PWR Property Group Inc
14218 Victory Blvd
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