NOT LISTED FOR SALE
28 Beds
29 Baths
14,279 Sq Ft
6,496 Sq Ft Lot

Last Sold December 01, 2022

Last sale price $4,750,000 $333 Per Sq Ft

15 Days on Market

Highlights

  • New Construction
  • City Lights View
  • Laundry Room
  • Van Nuys High School Rated A
  • No HOA
  • Central Heating and Cooling System

About This Home

As of December 2022

MAJOR PRICE REDUCTION! 5.93 CAP / 12.52 GRM!!! PRICED FOR QUICK SALE! CERTIFICATE OF OCCUPANCY to be issued by December 1, 2022. Victory Nine (V9): V9 is a luxury nine-unit apartment building in Van Nuys, CA Eight of the nine luxury units offer townhouse style floor plans with 3 & 4 bedrooms and between 2.5 and 3.5 baths and one 1 bedroom, 1 bath. All the units are outfitted with modern fashionable finishes to attract tenants with upscale needs. The units feature premium wood laminate flooring and stylish tiles throughout. Kitchens feature custom wood cabinets and countertops, fully equipped with stainless steel appliances. There are separate washer and dryer utility areas in all units. Units have 1 to 3 private balconies and plenty of windows to maximize the natural light. Each unit has a high-tech visual security system, built-in speakers and is cable ready. The fully gated and secure subterranean parking garage services tenants with car and bicycle parking and is wired for a future electric car charging station. Tenants also have access to an expansive rooftop deck overlooking the skyline of the beautiful San Fernando Valley. Note: All units are individually metered for water, electric and gas, which will be the responsibility of each tenant.

V9 is in Van Nuys, CA, Sherman Oaks adjacent, and is 8 miles northwest of Hollywood and 18 miles to downtown Los Angeles. Walking distance to Van Metro Orange Line Station which takes you downtown to connect to the other lines or to Chatsworth, CA. Conveniently located north of the 101 freeway and in between the 405 and 170 freeways, it is a growing neighborhood for families and young professionals.

LOCATION HIGHLIGHTS: In the San Fernando Valley, Lake Balboa Park serves the Victory Nine community with an open park, a playground, boat and bike rentals, and a Japanese garden among other outdoor activities. Van Nuys Blvd. stretches with shops, dining, and entertainment.

NEIGHBORING CITIES: Include Sherman Oaks, Studio City, North Hollywood, Burbank, and Encino.

Last Agent to Sell the Property

Ed Koenig

Ed Koenig IRE License #00831815 Listed on: 11/01/2022

Co-Listed By

Gina Uzunyan

Koenig Properties License #00984953

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 6,496 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 14,279 Sq Ft Home
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 29 Bathrooms

Parking

  • 11 Parking Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 18 / G
  • Tax Tract Number 1200
  • Assessor Parcel Number 2236020017

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Gross Income $337,200
  • Net Operating Income $296,282

Property Details

Home Type

Multi-Family

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.93
  • Price Per Unit: 555556
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR3
  • New Construction: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2236020017
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 332.66

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Subterranean
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6496.00
  • Lot Size Acres: 0.1491

Rental Info

  • Tenant Pays: Other

Multi Family

  • Gross Income: 337200.00
  • Gross Multiplier: 12.52
  • Gross Scheduled Income: 399480.00
  • Lot Size Area: 6496.0000 Square Feet
  • Net Operating Income: 296282.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 9
  • Other Expense Description: SEE OM
  • Other Income Description: INCOME/EXPENSE PROJECTED - OM
  • Rent Control: No

Tax Info

  • Tax Block: G
  • Tax Census Tract: 1278.06
  • Tax Lot: 18
  • Tax Tract Number: 1200

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $4,750,000 -5.0% $333 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/11/2022 11/11/22 Price Changed $5,000,000 -10.6% $350 / Sq Ft
11/01/2022 11/01/22 For Sale $5,592,000 +1333.8% $392 / Sq Ft
09/10/2014 09/10/14 Sold $390,000 +2.6% $260 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
08/19/2014 08/19/14 For Sale $379,950 -- $253 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22233737

California Regional Multiple Listing Service (CRMLS)

APN: 2236-020-017