5-Unit Apartment Building with
For Sale
$1,560,000
15149 Victory Boulevard, Van Nuys, CA 91411
Two-bedroom, two-bath units with balconies in an LAR3 zone, with potential for additional condo development.
Property Size4,370 SF
Days on Market102
Property Features for 15149 Victory Boulevard
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Apartment
Zoning
LAR3
Units
Unit Mix
5 x 2BR/2BA
Multifamily Units
5
Amenities
balcony
Building Details
Building Size
4,370 SF
Year Built
1978
Listing Agency:
First Banker Real Estate 818-903-8789 Overview Additional information MLS R ID SR26128702 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.22 Acres Other property details 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Albert Foulad CA DRE# 00856747 with First Banker Real Estate 818-903-8789
Listed By:
Albert Foulad CA DRE# 00856747 · License #00856747
(818) 903-8789
Source:
Archetyperealty
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 30 at 9:56PM
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 First Banker Real Estate 818-903-8789 Overview Additional information MLS R ID SR26128702 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.22 Acres Other property details 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Albert Foulad CA DRE# 00856747 with First Banker Real Estate 818-903-8789
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.
This apartment building offers five units, built in 1978, with a consistent layout: all units are two-bedroom, two-bath homes and each includes a balcony. The front unit has the look of a one-story single-family home, with a large patio/yard. That front unit also features central air/heating and high ceilings, and its roof is described as not flat.
The property sits on a large lot and is described as having potential to build 12+ condos. It is zoned LAR3. The sellers indicate they will do a 1031 exchange at no cost to the buyer, and the buyer is responsible for verifying and investigating all aspects of the property and any development potential.
This configuration can suit an owner-occupant, an investor seeking rental income from a small multifamily asset, or a builder evaluating the site for possible additional condo development under the existing zoning. Buyer should confirm feasibility and all requirements during due diligence.
The property sits on a large lot and is described as having potential to build 12+ condos. It is zoned LAR3. The sellers indicate they will do a 1031 exchange at no cost to the buyer, and the buyer is responsible for verifying and investigating all aspects of the property and any development potential.
This configuration can suit an owner-occupant, an investor seeking rental income from a small multifamily asset, or a builder evaluating the site for possible additional condo development under the existing zoning. Buyer should confirm feasibility and all requirements during due diligence.
Key Highlights
- 5 apartment units built in 1978
- All units are 2‑bedroom, 2‑bath with balconies
- Front unit features central air/heating, high ceilings, and a patio/yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,317
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,340
$1.4M
Cap Rate 7%
$1,004,529
$1.0M
Cap Rate 9%
$781,300
$781.3K
Market Conditions
NOI Build-Up for 4,370 SF
Gross rent
$139.0K $31.80/SF
− Vacancy
−$11.1K −$2.54/SF
EGI
$127.8K $29.26/SF
− OpEx
−$57.5K −$13.17/SF
NOI
$70.3K $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%
$1,406,340
Cap Rate 7%
$1,004,529
Cap Rate 9%
$781,300
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$879.0K – $1.17M
NOI $70,317 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,778 @ 7.0% cap · market cap 10.50%
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
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,158
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom, two-bath units with balconies in an LAR3 zone, with potential for additional condo development.
Where is this apartment building located?
The property is located at 15149 Victory Boulevard Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: 5 apartment units built in 1978; All units are 2‑bedroom, 2‑bath with balconies; Front unit features central air/heating, high ceilings, and a patio/yard
