$9,095,000
$9,200,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 09/27/2019
Key Details
Sold Price $9,095,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19453080
Sold Date 09/27/19
HOA Y/N No
Year Built 1977
Lot Size 0.445 Acres
Property Description
The Victory presents a rare opportunity to own a completely remodeled 32-unit apartment building in Van Nuys, CA. The property offers an excellent unit mix of 29 one-bedroom, one-bath, 2 two-bedroom, one-bath and 1 three-bedroom, two-bath. 24 units have been remodeled to provide a high-end mid-century modern appeal.There is an additional 42% rent upside in the remaining 7 units that yet to be remodeled. Key unit features include stainless steel appliances, quartz countertops, recessed lighting, brass fixtures, central Quiet Split system air conditioning, ceiling fans, and vinyl wood flooring. Additionally, the community provides tenants with a central courtyard, controlled gated access, parking, and an on-site laundry facility. Situated in one of the highest density rental markets in Los Angeles, the property offers an excellent walk score of 81. Tenants can enjoy an easy lifestyle with nearby restaurants, coffee shops, shopping, and entertainment.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Parking Features Community Structure
Building
Story 2
Others
Tax ID 2237019028
Special Listing Condition Standard
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Bought with Glenn Brander • Miller & Desatnik Realty Co.