Building Details

Year Built 2021

Listing Agency: Keller Williams Studio City

Listed By: Alex Galuz · License #01291486 Show Phone

Source: Sevengables

Added: Mar 11 Changed: Oct 16 Last Checked: Oct 16 at 9:02AM

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Investment Insights

Based on property information with market context.

Built in 2021, this 9-unit apartment property features modern construction and a townhouse-style residential layout. Individual residences range from 1,350 to 1,650 square feet, with a unit mix centered on spacious three- and four-bedroom homes. Full subterranean parking is included within the building improvements.

The property is located at 14827 Victory Boulevard in Van Nuys, near Kester Avenue and Victory Boulevard, between Van Nuys Boulevard and the 405 freeway. Its San Fernando Valley setting provides access to Sherman Oaks, Encino, Burbank, Warner Center, and North Hollywood. Van Nuys Airport is also nearby and supports aviation and aerospace employment in the area.

Key Highlights

• 9‑unit apartment building constructed in 2021
• Unit sizes range from 1,350 to 1,650 square feet
• Three- and four‑bedroom townhouse‑style unit mix

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$229,761

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,595,220 $4.6M

Cap Rate 7%

$3,282,300 $3.3M

Cap Rate 9%

$2,552,900 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,279 SF

Gross rent

$454.1K $31.80/SF

− Vacancy

−$36.3K −$2.54/SF

EGI

$417.7K $29.26/SF

− OpEx

−$188.0K −$13.17/SF

NOI

$229.8K $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%

$4,595,220

Cap Rate 7%

$3,282,300

Cap Rate 9%

$2,552,900

Alternative Uses

Best Use

Apartment 5plus

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,761 @ 7.0% cap · market cap 5.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.64M

$6.69M – $8.92M (±1% cap)

NOI $535,144 @ 7.0% cap · market cap 11.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Victory Nine Apartment Complex

Suggested Use

Top Pick Food Market Butcher Restaurant (Bike/Boat/Book/etc) Store Bar & Pub Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,470

Businesses Nearby

Explore this area Business Placement

Demographics for 91411, CA

24,984

Population

10,003

Households

2.5

Avg Household Size

36

Median Age

37%

College-Educated

80%

High-School Grad

2.0 sq mi

ZIP Area

12,492

Density / Sq Mi

$77,582

Median Household Income

$42,096

Median Earnings

$1,850

Median Rent

$973,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Modern townhouse-style residences offer three- and four-bedroom layouts with full subterranean parking.

Where is this apartment building located?

The property is located at 14827 Victory Boulevard Van Nuys, CA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: 9‑unit apartment building constructed in 2021; Unit sizes range from 1,350 to 1,650 square feet; Three- and four‑bedroom townhouse‑style unit mix