14153 Victory Boulevard, Van Nuys, CA 91401

32 Units
Sale Price $9,095,000

Property Highlights

High Returns - Low Maintenance

  • 13.52 GRM

  • 5.02% Cap Rate

  • 4% Cash On Cash (Current)

 

Excellent opportunity to purchase a 32 unit exquisitely rehabbed building in a location where rents have gone up 10% in one year likely due to the coming transit line.

Near the Upcoming Light-Rail Metro Line

Did you know that neighborhoods around Los Angeles are rejuvenating and achieving higher rents due to the newly built Metro Transit Stops? According to The Source, “some neighborhoods near Metro stations have changed considerably.” In fact, the value of properties as well as rents in the Valley are increasing rapidly. For instance, rents within a half mile from the recently approved light-rail metro stop at Victory/Van Nuys Blvd. have increased 10% over the last 12 months. This neighborhood is growing quickly, with a low year to date vacancy rate of 1.9% compared to Los Angeles' 3.6% and "the area’s population and number of jobs are expected to rise in the coming years."

CO-LISTED WITH

David J. Harrington

EVP & National Director | Matthews Multifamily Advisors
Direct +1 310 295 1170 | Mobile +1 310 497 5590

Main +1 866 889 0550 | Fax +1 310 388 0788

david.harrington@matthews.com

License No. BRE 01320460

John N. Boyett 

Associate – Multifamily Specialist | Matthews Multifamily Advisors
Direct +1 818 923 6226 | Mobile +1 707 815 7472

Fax +1 818 337 2216
john.boyett@matthews.com

License No. BRE 02056759

Daniel W. Withers 

Senior Vice President | Matthews Multifamily Advisors
Direct +1 818 923 6107 | Mobile +1 310 365 5054
Main +1 866 889 0550 | Fax +1 818 337 2216
daniel.withers@matthews.com

License No. BRE 01325901

Julia Dardick

Sales Operations | Matthews Real Estate Investment Services
Direct +1 310 955 1775 | Mobile +1 818 268 3933

Main +1 866 889 0550 | Fax +1 310 388 0788 
julia.dardick@matthews.com

License No. BRE 01944942

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