16021 Victory Boulevard
Van Nuys, CA 91406
- – beds
- – baths
- – sqft
- 5,914 sqft lot
- 1954 build
- – on site
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 CRMLS_CA / Greg Chermakyan / Park Regency Realty / 818-381-2143
Last checked:
Checking…
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Last updated Oct 13, 2024
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MLS# SR24212101 —
The Building
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Year Built:1954
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:Traditional
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:4889.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:6
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Stories Total:2
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# of Separate Gas Meters:6
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# of Separate Water Meters:2
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:Street
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Room Type:Living Room
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, In Kitchen, Washer Included
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Laundry:1
Location
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Directions:Between Woodley and Haskel. West of 405 Freeway
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Latitude:34.18694500
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Longitude:-118.48230500
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LARD1.5
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Lot Features:Park Nearby
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Lot Size Area:5914.0000
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Lot Size Acres:0.1358
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Lot Size SqFt:5914.00
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Lot Size Source:Assessor
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Security Features:Gated Community
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1276.05
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Tax Tract:12712
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Tax Lot:17
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2233023017
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air, Wall/Window Unit(s)
Utilities
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Utilities:Natural Gas Connected, Sewer Available, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Park, Sidewalks, Street Lights, Urban
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Pool:None
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Private Pool:No
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Association:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/12/24
Oct 12, 2024
|
Listed / Active | CRMLS_CA | $1,799,990 | 11.8% (5.7% / YR) |
9/23/22
Sep 23, 2022
|
CRMLS_CA | $1,610,000 | -2.4% | |
8/17/22
Aug 17, 2022
|
CRMLS_CA | $1,650,000 |