13136 Victory Blvd

$1,300,000 

Price Per Unit: $185,000

13136 Victory Blvd is a 7-unit multifamily property in the Valley Glen neighborhood of Van Nuys. Built in 1958, the building offers 5,562 square feet of rentable space on a 5,825 square foot lot. The unit mix consists of six 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, aligning well with the strong rental demand in the area. Each unit has assigned parking, a valued convenience for residents.

Located on Victory Blvd—a major thoroughfare with a blend of commercial and residential properties—this property benefits from connectivity to key parts of the San Fernando Valley. Valley Glen’s unique suburban-urban vibe, along with its mix of small businesses and newer developments, attracts residents looking for both comfort and accessibility. This family-friendly neighborhood emphasizes community, safety, and boasts highly rated schools, making it a sought-after area for families and professionals alike.

The building’s layout and prime location appeal to a diverse tenant base, from working professionals to small families. Attractions such as Lake Balboa Park, the Van Nuys Recreation Center, and easy access to major highways and transit options further enhance the property’s rental appeal.

For investors, this property offers a significant income upside. Long-term ownership has kept rents approximately 40% below market, allowing for potential rent growth as units are brought up to market rates. With a price per unit and per square foot below neighborhood averages, this property represents a high-value investment in a high-demand area. Strategic improvements and rental adjustments can yield excellent returns, while Valley Glen’s continued growth trajectory ensures both immediate and long-term equity appreciation.