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15043 Victory Blvd
14 Unit Apartment Building $2,750,000 ($196,429/Unit) Van Nuys, CA 91411
INVESTMENT HIGHLIGHTS
- Amazing Van Nuys Location
- Below Market Rent w/ Upside
- 12.86 GRM
EXECUTIVE SUMMARY
Spectrum Commercial Real Estate is pleased to present the opportunity to purchase
15043 Victory Blvd, a 14-unit apartment complex in the highly desirable Van Nuys
neighborhood. Less than 1 mile from the 405 Freeway this property offers great
proximity to any commuter going back and forth to LA or anywhere on the West Side.
The property consists of 14 units. Built in 1959, the exterior of the building was recently
updated with brand new paint, gutters, security cameras, newer slurry coated
driveway and parking lot, security access gates and a new roof were all installed or
updated within the last 5 years.
The Property, located one block off Sepulveda Blvd & Victory Blvd, consists of the main
structure & parking lot, with 13 - 1 bed room/1 bath room, 1 - 2 bed room/1 bath room
apartments. There are separate onsite parking spaces and storage for each unit. 15043
Victory Blvd has perhaps one of the most convenient freeway accessible locations in
the Van Nuys/Sherman Oaks neighborhood.
15043 Victory Blvd, a 14-unit apartment complex in the highly desirable Van Nuys
neighborhood. Less than 1 mile from the 405 Freeway this property offers great
proximity to any commuter going back and forth to LA or anywhere on the West Side.
The property consists of 14 units. Built in 1959, the exterior of the building was recently
updated with brand new paint, gutters, security cameras, newer slurry coated
driveway and parking lot, security access gates and a new roof were all installed or
updated within the last 5 years.
The Property, located one block off Sepulveda Blvd & Victory Blvd, consists of the main
structure & parking lot, with 13 - 1 bed room/1 bath room, 1 - 2 bed room/1 bath room
apartments. There are separate onsite parking spaces and storage for each unit. 15043
Victory Blvd has perhaps one of the most convenient freeway accessible locations in
the Van Nuys/Sherman Oaks neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$199,214
|
$19.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$199,214
|
$19.51
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $199,214 |
| Annual Per SF | $19.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $199,214 |
| Annual Per SF | $19.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $196,429 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 10,212 SF |
| Gross Rent Multiplier | 12.86 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,750,000 |
| Price Per Unit | $196,429 |
| Sale Type | Investment |
| Gross Rent Multiplier | 12.86 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,212 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.37/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 500 - 550 |
| 2+1 | 1 | - | 650 |
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Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2235-020-020 | Improvements Assessment | $497,211 |
| Land Assessment | $205,658 | Total Assessment | $702,869 |
PROPERTY TAXES
Parcel Number
2235-020-020
Land Assessment
$205,658
Improvements Assessment
$497,211
Total Assessment
$702,869
ZONING
| Zoning Code | LAR3 |
| LAR3 |
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15043 Victory Blvd
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