Conventional Restaurant with Kitchen
For Sale
$2,780,000
14429 Victory Boulevard, Van Nuys, CA 91401
C2 tier 4 zoning supports restaurant operations and potential multifamily development, with furnishings and commercial kitchen assets in place.
Property Size3,789 SF
Lot Size0.30 Acres
Price / SF$733.70
Days on Market37
Property Features for 14429 Victory Boulevard
General Information
Standard status
Active
Size
3,789 SF
Lot size
0.30 Acres
Zoning
C2 tier 4
Additional Details
Furnished
Yes
Equipment Included
Yes
Listing Agency:
Maxwell Realty Inc
Listed By:
Aykui Zakarian · License #01366339
Source:
Myfabuloushome
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 29 at 5:32PM
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 Maxwell Realty Inc
Investment Insights
Based on property information with market context.
This conventional restaurant property at 14429 Victory Boulevard includes a 3,789-square-foot building on a 13,000-square-foot lot. The restaurant is not currently operating, but furniture and kitchen equipment remain in place. The property is zoned C2 tier 4, and blueprints are available for review.
The site is in the Van Nuys Business District. Existing studies include a completed Phase 1 and soil report. The property information also identifies potential for multifamily development of up to 50 units, subject to applicable approvals. The restaurant’s prior operation and retained equipment provide a defined commercial configuration for continued restaurant use.
The site is in the Van Nuys Business District. Existing studies include a completed Phase 1 and soil report. The property information also identifies potential for multifamily development of up to 50 units, subject to applicable approvals. The restaurant’s prior operation and retained equipment provide a defined commercial configuration for continued restaurant use.
Key Highlights
- 3,789 sq ft building on a 13,000 sqft lot
- C2 tier 4 zoning
- Furniture and kitchen equipment remain in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,818
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,796,360
$1.8M
Cap Rate 7%
$1,283,114
$1.3M
Cap Rate 9%
$997,978
$998.0K
Market Conditions
NOI Build-Up for 3,789 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.2K $33.84/SF
− Vacancy
−$8.5K −$2.23/SF
EGI
$119.8K $31.61/SF
− OpEx
−$29.9K −$7.90/SF
NOI
$89.8K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,796,360
Cap Rate 7%
$1,283,114
Cap Rate 9%
$997,978
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,818 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,003 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,774
Businesses Nearby
137k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 25%
Dining 15%
Apparel 9%
Jons Marketplace
Groceries
34,248 visits/mo
0.5 miles
Bank of America
Shops & Services
16,469 visits/mo
0.3 miles
AutoZone
Shops & Services
10,942 visits/mo
0.4 miles
El Pollo Loco
Dining
9,594 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,783 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C2 tier 4 zoning supports restaurant operations and potential multifamily development, with furnishings and commercial kitchen assets in place.
Where is this conventional restaurant located?
The property is located at 14429 Victory Boulevard Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,780,000.
What are key features of this property?
This property features: 3,789 sq ft building on a 13,000 sqft lot; C2 tier 4 zoning; Furniture and kitchen equipment remain in place
