14 Unit Apartment Building $2,450,000 ($175,000/Unit) Van Nuys, CA 91411
Investment Highlights
Amazing Van Nuys Location
Below Market Rent w/ Upside
12.86 GRM
Executive Summary
Major Price Reduction 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.
