We are pleased to present 13850 Victory Boulevard, containing 34 apartment units, the property sits within the desirable Valley Glen neighborhood of Van Nuys on a large 26,350 square foot corner lot. With excellent visibility along Victory Boulevard, the property provides a new owner the opportunity to steadily improve cash flow by eventually capturing the approximately 37% rent upside.Situated in the desirable Valley Glen neighborhood of Van Nuys, the property benefits from the area's continued rent growth. Average effective rents have continued their positive trajectory, increasing by 2.4% during 2017. During the same period, vacancy rates have remained well below the Los Angeles Metro average, with Van Nuys only reaching a 2.5% vacancy rate, compared to 3.6% for Greater Los Angeles.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
