The Growth Investment Group is proud to present this 1985 Construction property on Victory Boulevard in the Valley Glen area of the San Fernando Valley. The building has large units some of which are townhouse style, a great unit mix of 6- 1’s, and 5- 2’s, and adequate parking. It’s individually metered for gas and electricity and has Central air/ heat providing a home style feel for its tenants. This property provides the next owner tremendous upside in rents creating the opportunity to add value to the asset. Based on the year built, the building is not subject to the Los Angeles RSO and is only subject to the California AB 1482 statewide mandate. The property is near shops, restaurants, and all that the SFV has to offer. This value-add asset will fit nicely in all sized portfolios.
13409 Victory Boulevard is centrally located in the San Fernando Valley, in the Valley Glen area of Van Nuys, bordered by North Hills, Panorama City, Valley Glen, Sherman Oaks, Lake Balboa, Northridge and the Sepulveda Basin. It’s also home to Van Nuys Airport and is known as the most populous neighborhood in the San Fernando Valley. Surrounded by nearby new construction homes in the flourishing city of Van Nuys, the property is located just minutes from Los Angeles Valley College, West Coast University Los Angeles, and the NoHo West Shopping Center, along with the other numerous amenities the San Fernando Valley has to offer its residents.
Investment Highlights
• Prime Value Add Opportunity: Priced below replacement cost
• Great Valley Glen Location on Victory Blvd
• 1985 Construction with great unit mix of 1’s and 2’s
• Includes some Townhouse style units
• Large Units • Individually Metered for Gas/ Electricity
• Central HVAC’s in every unit
• Tremendous Rental Upside +/-64% Upside
• Not Subject to LA Rent Control, only subject to AB 1482
• 22 Parking Spaces, mostly tandem