Listing ID23250999
Price$2,875,000
Price/SqFt$488.28
StatusActive
SqFt
5,888
Acres
0.149
CountyLos Angeles
Year Built2022
Property TypeResidential Income
14243 Victory is a new construction, cash-flow stabilized apartment building that has everything an investor can ask for! Built in 2022, the property is free of any rent control restrictions in the always strong San Fernando Valley rental market. The property has a total of 5 units (Four Units + ADU) that has an incredible unit mix consisting of: Two (4 bedroom/4 bathroom) Townhomes, One (4 bedroom/3 bathroom) Townhome, One (2 bedroom/2 bathroom) unit and One spacious (1 bedroom/1bathroom) apartment. Tenants pay for all utilities. Plenty of onsite parking. Aside from the amazing property highlights, the current loan is assumable at 3.25% fixed interest rate with three and a half years left on the term! Unheard of in today's climate of climbing rates! Located in one of the best pockets of Van Nuys, near city hall, the building is only a few minutes away from Sherman Oaks to the South. Please do not disturb tenants.
County
Los Angeles
Price Reduction Date
2023-04-19T22:05:50+00:00
Price/SqFt
488.28
Property Type
Residential Income
Year Built
2022
Zoning
LARD1.5
Appliances
yes
Appliances
Dishwasher, Microwave
Cooling
yes
Cooling Type
Central Air
Heating
yes
Heating Type
Central
Levels
Three Or More
Stories Total
3
Lot Size Area
6498
Lot Size Dimensions
50x130
Lot Size Source
Assessor
Lot Size Square Feet
6498
Number Of Buildings
1
Parking
yes
Parking Features
Assigned
Parking Total
8
Country
US
Association
no
Days On Market
209
List Agent State License
01372010
List Office State License
01508014
Lot Size Units
Square Feet
New Construction
no
Number Of Units Total
5
Parcel Number
2237020035
Senior Community
no
Year Built Source
Other
Cap Rate
4.54
Gross Multiplier
14.93
Gross Operating Income
186822
Net Operating Income
130650
Special Listing Conditions
Standard
Total Expenses
56172
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Telford Real Estate Inc or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 10:16:57 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, March 28th, 2024 10:16:57 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Contact - Listing ID 23250999
Nancy Telford
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