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Townhomes 14218 Victory Blvd 8 Unit Apartment Building $4,646,279 CAD ($580,785 CAD/Unit) 5.44% 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 two-story Townhome 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 |
$334,792
|
$42.06
|
| Other Income |
$30,017
|
$3.77
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$364,808
|
$45.83
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$112,164
|
$14.09
|
| Net Operating Income |
$252,645
|
$31.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $334,792 |
| Annual Per SF | $42.06 |
| Other Income (CAD) | |
|---|---|
| Annual | $30,017 |
| Annual Per SF | $3.77 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $364,808 |
| Annual Per SF | $45.83 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $112,164 |
| Annual Per SF | $14.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $252,645 |
| Annual Per SF | $31.74 |
Property Facts
| Price | $4,646,279 CAD | Building Class | C |
| Price Per Unit | $580,785 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,960 SF |
| Cap Rate | 5.44% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.74 | 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 | $4,646,279 CAD |
| Price Per Unit | $580,785 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 12.74 |
| 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 | $9,238 CAD | - |
| 2+2.5 | 5 | $18,661 CAD | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2240-013-008 | Improvements Assessment | $3,369,348 CAD |
| Land Assessment | $1,604,450 CAD | Total Assessment | $4,973,798 CAD |
Property Taxes
Parcel Number
2240-013-008
Land Assessment
$1,604,450 CAD
Improvements Assessment
$3,369,348 CAD
Total Assessment
$4,973,798 CAD
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Presented by
PWR Property Group Inc
Townhomes | 14218 Victory Blvd
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