11341 Victory Boulevard

North Hollywood, CA 91606

$3,360,000
Price
11
Beds
11
Baths
7,030 Sq. Ft.
$478 / Sq. Ft.
7,030
Sq. Ft.
$478
per Sq. Ft.

Description

We are pleased to present an 11-unit apartment building nestled in North Hollywood. The property boasts a gated entrance, an inviting courtyard for its residents, community laundry facilities, and ample parking, ensuring convenience for all. Moreover, there's significant potential for increased rental income, as current rents are below market rates. Constructed in 1977, this 7,030 square foot, 11-unit building occupies an 11,988 square foot lot zoned R3. It's ideally situated on Victory Blvd in the...We are pleased to present an 11-unit apartment building nestled in North Hollywood. The property boasts a gated entrance, an inviting courtyard for its residents, community laundry facilities, and ample parking, ensuring convenience for all. Moreover, there's significant potential for increased rental income, as current rents are below market rates. Constructed in 1977, this 7,030 square foot, 11-unit building occupies an 11,988 square foot lot zoned R3. It's ideally situated on Victory Blvd in the North Hollywood neighborhood, offering easy access to shopping, dining, and public transportation. The Red Line is just over a mile away, granting residents seamless connectivity to the 170, 5, and 101 freeways. The property is also close to the vibrant NOHO Arts District, Burbank Airport, University City, Victory-Vineland Recreation Center, Valley Plaza Park, and North Hollywood Park.
  1. Listed by Archie Robb • DRE #02002291 • Brokerage DRE #00686739 • Keller Williams Realty La Canada Flintridge
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01458187 • KW Commercial Studio City

Property Details for 11341 Victory Boulevard

Zoning
LAR3
Parcel Number
2336014009
Total Units
11.0
Living Area
7030
Source Living Area
Vendor Enhanced
Area
North Hollywood (NHO)
Vacancy Rate
0
Lot Size Area
11988

Location

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215
Add your commute
LISTING UPDATED: 04/16/2024 03:46 PM

Property Details for 11341 Victory Boulevard

StatusActive
MLS #23-330713
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.28 AC / 11,988 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215
Add your commute

Building Information for 11341 Victory Boulevard

Stories2Residences-Year Built1977Building Size-Lot Size0.28 AC / 11,988 SF

Payment Calculator

$19,812 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,337

Property Taxes

$1,475

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11341 Victory Boulevard

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $186,241
  • Net Operating Income: $119,266.00
  • Gross Income: $190,042
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $17.68
  • Total Annual Expense: 66975
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2752
  • Lot Size Square Feet: 11988
  • Lot Size Dimensions: 100x120
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Uncovered, Carport Attached
  • Total Parking: 11
  • Parking Features: Covered, Uncovered, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-29-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,080.00
  • Unit Actual Rent: $2,080.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,090.00
  • Unit Actual Rent: $1,090.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,054.00
  • Unit Actual Rent: $1,054.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,115.00
  • Unit Actual Rent: $1,115.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,690.00
  • Unit Actual Rent: $1,690.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,355.00
  • Unit Actual Rent: $1,355.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $953.00
  • Unit Actual Rent: $953.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $677,280.00
  • Assessed Improvement Percent: 50.0
  • Assessed Land Value: $677,280.00
  • Assessed Land Percent: 50
  • Assessed Total Value: $1,354,560.00

Property History for 11341 Victory Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11341 Victory Boulevard

Taxable ValueLand$677,280Additions$682,680Total$1,359,960
Tax Record2023$17,696 ($1,475 / month)
Home Facts
Total Finished SqFt7,030 SqFtAbove Grade Finished SqFt7,030 SqFtLot Size11,984 SqFtStyleMulti-Family Res (5+ Units)Year Built1977ZoningLAR3CountyLOS ANGELESAPN2336-014-009

Schools near 11341 Victory Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Fair Avenue Elementary School
PublicK to 5

Roy Romer Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

New Horizons Charter Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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11341 Victory Boulevard is a multi-family home for sale in North Hollywood, CA 91606. This property was listed for sale on November 29, 2023 by Keller Williams Realty La Canada Flintridge, it's currently listed at $3,360,000. It has been on the market for a total of 152 days and was last sold on September 29, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Fair Avenue Elementary School, Roy Romer Middle School and North Hollywood Senior High School. 11341 Victory Boulevard is a 11-bed, 11-bath, 7,030 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty La Canada Flintridge, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.