15115 Victory Boulevard, Van Nuys, CA 91411

Property Description

We are proud to present 15115 & 15125 Victory Blvd, a rare 32-unit multifamily investment opportunity spanning two contiguous parcels in the heart of Van Nuys. This well-maintained portfolio is being offered at a compelling 6.01% CAP rate and 9.53GRM on current rents, with significant upside potential to a 9.58% CAP and 6.98 GRM on pro forma rents. Offered at just $140k per unit, this portfolio presents an excellent opportunity for investors to acquire a high-performing, cash-flowing asset with over 30% rental upside. Both buildings have undergone extensive capital improvements, including, 1) New roof at 15115 Victory Blvd in 2024, 2), major roof maintenance at 15125 Victory Blvd in 2024, 3) water heater replacements in both buildings, 4) full copper plumbing replacement in 2015, 5) soft-story seismic retrofit completed, 6) SB721 compliance completed, 7) new dual-pane windows on market units, 8) updated landscaping and exterior lighting, 9) fresh parking lot slurry and striping, and 10) numerous interior unit renovations. This offering includes 12 units at 15115 Victory Blvd and 20 units at 15125 Victory Blvd, totaling approximately 13,621 SF of building area on 22,845 SF of LAR3-zoned land. The unit mix is ideal for the submarket, featuring 23 Studios, 5 One-Bedroom Units, 3 Two-Bedroom Units, and 1 Three-Bedroom Unit with 40+ on-site parking spaces and on-site laundry facilities for both buildings. Centrally located, this asset is just minutes from major employment and lifestyle amenities including Costco, LA Fitness, Target, the 405 Freeway, Orange Line Busway, Woodley Lakes Golf Course, Sepulveda Basin Wildlife Reserve, and SuihoEn Japanese Garden. 15115 & 15125 Victory Blvd offer investors the rare chance to acquire a stabilized, income-producing asset with proven operational history, strong in-place cash flow, and meaningful upside potential, all in a rapidly evolving submarket with continued development and tenant demand. Contact the Listing Broker for additional information.