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14218 Victory Blvd 8 Unit Apartment Building $4,863,861 CAD ($607,983 CAD/Unit) 5.01% Cap Rate Van Nuys, CA 91401
Investment Highlights
- Townhome style apartments
- 1988 Vintage Property
- RUBS Income (Ratio Utility Billing System)
Executive Summary
Eight fully renovated units, featuring modernized kitchens and bathrooms, new appliances, updated flooring, and in-unit washers and dryers. Originally constructed in 1988, the building is not subject to LA City RSO regulations. The unit mix includes three one-bedroom, one-and-a-half bathroom townhouse-style units and five two-bedroom, two-and-a-half-bathroom townhouse-style units. The total building area is 7,960 square feet, situated on a 6,504 square foot lot. Additional features include individual gas and electric metering for each unit, a secure 16-space gated parking area, and RUBS (Ratio Utility Billing System). Significant capital improvements have been completed in recent months. Immediate upside through rental rate increases.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$322,659
|
$40.54
|
| Other Income |
$28,929
|
$3.63
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$351,588
|
$44.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$108,099
|
$13.58
|
| Net Operating Income |
$243,489
|
$30.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $322,659 |
| Annual Per SF | $40.54 |
| Other Income (CAD) | |
|---|---|
| Annual | $28,929 |
| Annual Per SF | $3.63 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $351,588 |
| Annual Per SF | $44.17 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $108,099 |
| Annual Per SF | $13.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $243,489 |
| Annual Per SF | $30.59 |
Property Facts
| Price | $4,863,861 CAD | Building Class | C |
| Price Per Unit | $607,983 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,960 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.83 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1988 |
| Property Type | Multifamily | Parking Ratio | 2.01/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | LAR3 | ||
| Price | $4,863,861 CAD |
| Price Per Unit | $607,983 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 13.83 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Oven
- Stainless Steel Appliances
- Range
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 3 | $8,903 CAD | - |
| 2+2.5 | 5 | $17,985 CAD | - |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 2240-013-008 | Improvements Assessment | $3,247,248 CAD |
| Land Assessment | $1,546,307 CAD | Total Assessment | $4,793,554 CAD |
Property Taxes
Parcel Number
2240-013-008
Land Assessment
$1,546,307 CAD
Improvements Assessment
$3,247,248 CAD
Total Assessment
$4,793,554 CAD
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Presented by
PWR Property Group Inc
14218 Victory Blvd
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