Seller's Agent in 2025
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
1 in this area
55 Total Sales
15115 Victory Blvd Van Nuys, CA 91411
14
Beds
36
Baths
13,621
Sq Ft
0.52
Acres
About This Home
As of September 2025We 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.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01902650 Listed on: 06/24/2025
Co-Listed By
Vincent Cook
Kidder Mathews of California, Inc License #02012324
Last Buyer's Agent
Kidder Mathews of California, Inc. License #01902650 Listed on: 06/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 0.52 Acre Lot
Home Design
- Entry on the 1st floor
Interior Spaces
- 13,621 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 36 Bathrooms
Parking
- 40 Parking Spaces
- Carport
Listing and Financial Details
- Assessor Parcel Number 2235-020-027
Community Details
Overview
- 2 Buildings
- 32 Units
Building Details
- Rent Control
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/24/2025 09/24/25 | Sold | $4,250,000 | -5.5% | $312 / Sq Ft | |
| 07/16/2025 07/16/25 | Pending | -- | -- | -- | |
| 06/24/2025 06/24/25 | For Sale | $4,495,000 | +13.8% | $330 / Sq Ft | |
| 07/25/2017 07/25/17 | Sold | $3,950,000 | 0.0% | $290 / Sq Ft | View Prior Sale |
| 05/20/2017 05/20/17 | For Sale | $3,950,000 | +35.7% | $290 / Sq Ft | |
| 01/16/2013 01/16/13 | Sold | $2,910,000 | -8.9% | $206 / Sq Ft | View Prior Sale |
| 10/31/2012 10/31/12 | Pending | -- | -- | -- | |
| 06/01/2012 06/01/12 | For Sale | $3,195,000 | -- | $226 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Casey Lins
-
V
Seller Co-Listing Agent in 2025
Vincent Cook
Kidder Mathews of California, Inc
-
Jason Flashman
J
Seller's Agent in 2017
Jason Flashman
Keller Williams Encino/Sherman Oaks
(310) 974-8033
1 in this area
5 Total Sales
-
Adrienne Barr
Seller's Agent in 2013
Adrienne Barr
Berkadia
(310) 909-0198
11 Total Sales
Map
Source: The MLS
MLS Number: 25556481
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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