Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

9

Building size

14,279 sqft

Lot size

6,449 sqft

Year built

2021

Stories

4

Heating

Central

Cooling

Central Air

Status

Active

Days on market

211

MLS #

239704157

About this property

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.

Location

14827 Victory Boulevard

Van Nuys, Los Angeles, CA, 91411