16021 Victory Boulevard
$1,799,990
8
6
4,889
4,889
$368
Description
Great opportunity to own 6 units with potential residential investment adjacent to Lake Balboa in Van Nuys west of the 405. This property has four units (two 2BR/1BA and two 1BR/1BA units) plus a 2BR/1BA ADU and Studio Junior ADU. ADU's are completed in 2021 and include central air, washer/dryer, and stainless appliances. Original fourplex has potential for 40 to 50% increase in income at market rates. 2BRs in the fourplex have an extra bonus room, which could be converted to a 3rd bedroom for additional...Great opportunity to own 6 units with potential residential investment adjacent to Lake Balboa in Van Nuys west of the 405. This property has four units (two 2BR/1BA and two 1BR/1BA units) plus a 2BR/1BA ADU and Studio Junior ADU. ADU's are completed in 2021 and include central air, washer/dryer, and stainless appliances. Original fourplex has potential for 40 to 50% increase in income at market rates. 2BRs in the fourplex have an extra bonus room, which could be converted to a 3rd bedroom for additional income. In a prime location, this property is close to the Woodley Lakes Golf Course, Van Nuys Golf Course, Sepulveda Basin, The Japanese Garden, and Balboa Lake. Easy access to the 405 and 101 freeway. Current GRM is 17.4 with a cap of 4.38% with an unheard of full market GRM of 13.5 and 6% cap. Because the property is a four-plex plus ADU and Junior, buyers should check with lenders and potentially be able to get 1-4 unit residential financing. This is a unique opportunity to own 6 units at residential financing rate and terms, with long term potential at market rates. Priced at $299K/unit, this will sell quickly, so bring your offers!
- Listed by Greg Chermakyan • DRE #01232572 • Brokerage DRE #01231306 • Park Regency Realty • 818-381-2143
Property Details for 16021 Victory Boulevard
Architectural Style
Traditional
Parking Spaces Total0
Private PoolNo
Cooling TypeCentral, Wall/Window Unit(s)
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4889
LISTING UPDATED: 10/12/2024 06:33 AM
Property Details for 16021 Victory Boulevard
Status | Active |
---|---|
MLS # | SR24212101 |
Days on Market | 78 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.14 AC / 5,914 SF |
County | Los Angeles County |
Building Information for 16021 Victory Boulevard
Stories2Residences-Year Built1954Building Size-Lot Size0.14 AC / 5,914 SF
Property Information for 16021 Victory Boulevard
Property History for 16021 Victory Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 16021 Victory Boulevard
Taxable ValueLand$663,000Additions$980,080Total$1,643,080
Tax Record2024$20,260 ($1,688 / month)
Home Facts
Total Finished SqFt4,889 SqFtAbove Grade Finished SqFt4,889 SqFtLot Size5,912 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLARD1.5CountyLOS ANGELESAPN2233-023-017
Schools near 16021 Victory Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bassett Street Elementary School PublicK to 5 | ||
William Mulholland Middle School Public6 to 8 | ||
Birmingham Community Charter High School Charter9 to 12 | ||
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.
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