13724 Victory Blvd Multifamily
  • Asking Price
    $22.9MAsking Price
  • Property Type
    MultifamilyProperty Type
  • NOI
    $1.3MNOI
  • GRM
    11.65GRM
  • Cap Rate
    5.50%Cap Rate
  • Total Units
    68Total Units

Description

V on Victory at 13724 Victory Boulevard is a 68-unit apartment community in Valley Glen, completed in 2022. The elevator-served building has four residential floors above a gated podium garage, with 66,796 gross square feet on a 24,749-square-foot lot. Its 40 one-bedroom, 16 two-bedroom and 12 three-bedroom residences average 832 rentable square feet.

Residents have in-unit laundry, a rooftop deck, lounge, fitness center, coworking space and controlled access. The property has professional on-site management and a RUBS utility recovery program. Vacant units are offered at the manager's posted market rents. The broker identifies an Opportunity Zone location and exemptions from Los Angeles RSO and AB 1482 rent caps, with the latter reported through February 2037 for 64 units. Buyers should verify the scope and duration of all exemptions, unit restrictions and reassessment assumptions before underwriting.

Offering Summary

  • Asking Price
    $22,900,000
  • Price PSF
    $342.83
  • Price/Unit
    $336,765
  • Property Type
    Multifamily
  • Built
    2022
  • Total Acres
    ~0.57 ac

Sale Details

  • Cap Rate
    5.50%
  • NOI
    $1,259,402
  • GRM
    11.65
  • Cash-on-Cash
    2.96%

Documents

Property Address

13724 Victory Blvd
Van Nuys, CA 91401

Property Details

  • Property Type
    Multifamily
  • Total Units
    68
  • Year Built
    2022
  • Acres
    0.57

Deal Team

Filip Niculete profile image

Filip Niculete

Senior Managing Director, Investments
Marcus & Millichap
CA RE Lic. 01905352