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14827 W Victory Blvd 9 Unit Apartment Building $6,799,914 CAD ($755,546 CAD/Unit) 5% Cap Rate Van Nuys, CA 91411
Investment Highlights
- NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley
- Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot.
- This is a low maintenance and easy management property creating stable cash flow.
- conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs
- Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each
- Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand.
Executive Summary
NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs including Sherman Oaks, Encino, Burbank, Warner Center and North Hollywood. Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot. Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each. This is a low maintenance and easy management property creating stable cash flow.
Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand.
The East San Fernando Valley Light Rain Transit Project along Van Nuys Blvd is expected to connect the area to the broader Metro system, increasing long term accessibility and property values.
Continued Investment in the area and along Van Nuys Blvd aims at improving walkability and commercial activity.
The nearby Van Nuys airport is one of the busiest general aviation airports in the world and supports thousands of aviation and aerospace jobs.
Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand.
The East San Fernando Valley Light Rain Transit Project along Van Nuys Blvd is expected to connect the area to the broader Metro system, increasing long term accessibility and property values.
Continued Investment in the area and along Van Nuys Blvd aims at improving walkability and commercial activity.
The nearby Van Nuys airport is one of the busiest general aviation airports in the world and supports thousands of aviation and aerospace jobs.
Property Facts
| Price | $6,799,914 CAD | Building Class | B |
| Price Per Unit | $755,546 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 14,279 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 4 |
| No. Units | 9 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | LAR3 - LAR3 | ||
| Price | $6,799,914 CAD |
| Price Per Unit | $755,546 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 14,279 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.77/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Security System
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Dining Room
- Double Pane Windows
- Handrails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 3 | - | 1,133 - 1,587 |
| 3+3.5 | 2 | - | 1,508 |
| 4+2.5 | 1 | - | 1,434 |
| 4+3 | 1 | - | 1,857 |
| 4+3.5 | 2 | - | 1,624 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2236-020-029 | Improvements Assessment | $4,065,355 CAD |
| Land Assessment | $2,710,237 CAD | Total Assessment | $6,775,592 CAD |
Property Taxes
Parcel Number
2236-020-029
Land Assessment
$2,710,237 CAD
Improvements Assessment
$4,065,355 CAD
Total Assessment
$6,775,592 CAD
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14827 W Victory Blvd
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