13210 Victory Boulevard

    Van Nuys, CA 91401
    • $5,600,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20560458
    $5,600,000
    • 4
      BEDS
    • 0.49
      ACRES
    • 32
      BATHS
    • 0
      1/2 BATHS
    • 16,264
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    We are pleased to present a 30 unit multifamily property located in a desirable Van Nuys Location. Built in 1960 this property recently underwent a significant exterior renovation. Furthermore, seven of the units have been completely renovated and the soft story retrofit work is complete.This well maintained two story property consists of 27 studio units, one,one bedroom/one bathroom unit, one, one bedroom/two bathroom unit, and one, two bedroom/two bathroom unit. The property features on site laundry and ample covered parking behind the building.Directly across the street, Warmington Residential recently completed 63 brand new townhomes consisting of three four bedroom units ranging from 1,950-2,200 SF. The completion of this project has enhanced the immediate area significantly. With significant upside remaining in the rents, this property presents an investor a great value add opportunity in a desirable location.

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    Based on information from CRISNet MLS as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/103829317

    13210 Victory Boulevard Van Nuys, CA 91401

    • Price: $5,600,000
    • Status: Active
    • ID#: 20560458
    4
    Beds
    32
    Baths
    0
    ½ Baths
    0.49
    Acres
    16,264
    SQFT
    $344
    $/SQFT
    1960
    Built
    Neighborhood:
    Van Nuys (Vn)
    County:
    Los Angeles
    Area:
    Van Nuys (Vn)
    Property Description
    We are pleased to present a 30 unit multifamily property located in a desirable Van Nuys Location. Built in 1960 this property recently underwent a significant exterior renovation. Furthermore, seven of the units have been completely renovated and the soft story retrofit work is complete.This well maintained two story property consists of 27 studio units, one,one bedroom/one bathroom unit, one, one bedroom/two bathroom unit, and one, two bedroom/two bathroom unit. The property features on site laundry and ample covered parking behind the building.Directly across the street, Warmington Residential recently completed 63 brand new townhomes consisting of three four bedroom units ranging from 1,950-2,200 SF. The completion of this project has enhanced the immediate area significantly. With significant upside remaining in the rents, this property presents an investor a great value add opportunity in a desirable location.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 29

    Interior Features

    Cooking Appliances Range Cooling Type Wall Unit(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 2.0 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 382356.00 Assessed Improvement Value 348554.00 Assessed Land Value 112999.00 Cap Rate 3.69 Country United States Of America Expense Total Annual 168620.00 Gross Operating Income 382356.00 Gross Rent Multiplier 14.47 Hoa YN N Legal Disclosures Rent Control Lot Size Source Public Records Net Operating Income 206900.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 28338.00 Unit Monthly Rent02 854.00 Unit Monthly Rent03 1390.00 Unit Monthly Rent04 1281.00 Unit Projected Total Monthly Rent01 40650.00 Unit Projected Total Monthly Rent02 1600.00 Unit Projected Total Monthly Rent03 1500.00 Unit Projected Total Monthly Rent04 1900.00 Unit Total Monthly Rent01 28338.00 Unit Total Monthly Rent02 854.00 Unit Total Monthly Rent03 1390.00 Unit Total Monthly Rent04 1281.00 Unit Type01 27 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 30 Zoning Lar3

    Listing provided courtesy of Brett Sanson DRE#01387480 of Marcus & Millichap and Jeffrey Louks CA DRE# 00908473 of .


    Based on information from CRISNet MLS as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-01T07:42:50.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
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