8-Unit Townhome-Style Apartment
14218 Victory Boulevard, Van Nuys, CA 91401
For Sale
$3,295,000
Updated interiors, in-unit laundry, individual utility meters, and gated parking serve each residence.
Property Size7,960 SF
Lot Size0.15 Acres
Price / SF$413.94
Days on Market245
Property Features for 14218 Victory Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
modernized kitchens
modernized bathrooms
new appliances
updated flooring
in-unit washer and dryer
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
PWR Properties
Listed By:
Norair Aprahamian · License #01874887
(818) 624-3383
Source:
Truthrealty
Added: Mar 10
Changed: Nov 9
Last Checked: Nov 7 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PWR Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1988, this eight-unit apartment property is arranged as two-story, townhome-style residences. Recent renovations include kitchens, bathrooms, appliances, and flooring, with a washer and dryer in each unit. The mix comprises three one-bedroom, one-and-a-half-bath units and five two-bedroom, two-and-a-half-bath units. The building contains 7,960 square feet on a 6,504-square-foot lot.
Residents have access to a gated parking area with 16 spaces. Each unit has separate gas and electric meters, and the property uses a Ratio Utility Billing System (RUBS). The property is not subject to LA City RSO regulations.
Residents have access to a gated parking area with 16 spaces. Each unit has separate gas and electric meters, and the property uses a Ratio Utility Billing System (RUBS). The property is not subject to LA City RSO regulations.
Key Highlights
- Eight two‑story townhome‑style apartments, renovated in recent months
- Three one‑bedroom, one‑and‑a‑half‑bath units and five two‑bedroom, two‑and‑a‑half‑bath units
- 7,960 square feet of building area on a 6,504‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,083
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,660
$2.6M
Cap Rate 7%
$1,829,757
$1.8M
Cap Rate 9%
$1,423,144
$1.4M
Market Conditions
NOI Build-Up for 7,960 SF
Gross rent
$253.1K $31.80/SF
− Vacancy
−$20.3K −$2.54/SF
EGI
$232.9K $29.26/SF
− OpEx
−$104.8K −$13.17/SF
NOI
$128.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,660
Cap Rate 7%
$1,829,757
Cap Rate 9%
$1,423,144
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,083 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,323 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Van Nuys, CA
Properties on Market for Apartment buildings in Van Nuys
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, in-unit laundry, individual utility meters, and gated parking serve each residence.
Where is this apartment building located?
The property is located at 14218 Victory Boulevard Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Eight two‑story townhome‑style apartments, renovated in recent months; Three one‑bedroom, one‑and‑a‑half‑bath units and five two‑bedroom, two‑and‑a‑half‑bath units; 7,960 square feet of building area on a 6,504‑square‑foot lot
