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PRICE REDUCTION!!! Motivated Sellers 14703 Victory Blvd 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 6.56% Cap Rate Van Nuys, CA 91411
INVESTMENT HIGHLIGHTS
- 6-unit apartment building
- Centrally Located to 405 & 101 freeways
- Gated Parking
- Vacancy is rare
EXECUTIVE SUMMARY
All offers will be considered. Value ADD!
Don’t miss this rare chance to own a 6-unit apartment building in the heart of Van Nuys. Nestled in a charming residential neighborhood, this property offers access to nearby shops, restaurants, and is ideally situated near the 405 and 101 freeways. With its prime location and unique appeal, vacancies are uncommon. Sellers are motivated—bring your best offer today!
DRIVE BY ONLY, please do not disturb the tenants. Any questions, please contact Andy at 818-492-4781. RENT CONTROL BUILDING. Write the LOI or offer subject to interior inspection with Buyer's proof of funds.
Don’t miss this rare chance to own a 6-unit apartment building in the heart of Van Nuys. Nestled in a charming residential neighborhood, this property offers access to nearby shops, restaurants, and is ideally situated near the 405 and 101 freeways. With its prime location and unique appeal, vacancies are uncommon. Sellers are motivated—bring your best offer today!
DRIVE BY ONLY, please do not disturb the tenants. Any questions, please contact Andy at 818-492-4781. RENT CONTROL BUILDING. Write the LOI or offer subject to interior inspection with Buyer's proof of funds.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$129,072
|
$21.83
|
| Other Income |
$4,600
|
$0.78
|
| Vacancy Loss |
$6,453
|
$1.09
|
| Effective Gross Income |
$127,219
|
$21.52
|
| Taxes |
$12,728
|
$2.15
|
| Operating Expenses |
$22,600
|
$3.82
|
| Total Expenses |
$35,328
|
$5.98
|
| Net Operating Income |
$91,891
|
$15.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $129,072 |
| Annual Per SF | $21.83 |
| Other Income | |
|---|---|
| Annual | $4,600 |
| Annual Per SF | $0.78 |
| Vacancy Loss | |
|---|---|
| Annual | $6,453 |
| Annual Per SF | $1.09 |
| Effective Gross Income | |
|---|---|
| Annual | $127,219 |
| Annual Per SF | $21.52 |
| Taxes | |
|---|---|
| Annual | $12,728 |
| Annual Per SF | $2.15 |
| Operating Expenses | |
|---|---|
| Annual | $22,600 |
| Annual Per SF | $3.82 |
| Total Expenses | |
|---|---|
| Annual | $35,328 |
| Annual Per SF | $5.98 |
| Net Operating Income | |
|---|---|
| Annual | $91,891 |
| Annual Per SF | $15.54 |
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,759 | 985 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 2236-021-014 | Total Assessment | $981,025 (2025) |
| Land Assessment | $568,711 (2025) | Annual Taxes | $12,728 ($2.15/SF) |
| Improvements Assessment | $412,314 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2236-021-014
Land Assessment
$568,711 (2025)
Improvements Assessment
$412,314 (2025)
Total Assessment
$981,025 (2025)
Annual Taxes
$12,728 ($2.15/SF)
Tax Year
2024
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PRICE REDUCTION!!! Motivated Sellers | 14703 Victory Blvd
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