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15047 Victory Boulevard
Van Nuys, CA 91411
Sold
15047 Victory Boulevard
Van Nuys, CA 91411
Sold
15047 Victory is a charming 1940's duplex delivered 50% vacant and located within walking distance of Sepulveda & Victory's shops, businesses, and restaurants. Each unit is over 1,000 sq ft and features beautiful design elements and well-designed floor plans, making them perfect candidates for a cosmetic fix + flip or hold + cash flow. Situated on a 6,301 sq ft LAR3 lot, the property also offers potential for an ADU in the rear or new construction, providing tremendous upside potential. This two-story duplex boasts incredible curb appeal, lush landscaping, and a private gate. It includes two spacious 2-bedroom, 1-bathroom units: one upstairs (vacant) and one downstairs leased for $2,300, eligible for a rent increase as of February 2024. The renovated upstairs unit is projected to rent for $2,500, bringing the cap rate to 4.34%. Recent improvements since 2019 include new exterior painting, re-piping, roof insulation, rodent proofing, foundation repair, electrical rewiring, washer sewage line replacement, and various system updates. Each unit has its own laundry room, and there is ample parking with a 2-car garage, a 1-car garage, and about 6 exterior spots. Located near Sherman Oaks and Balboa Park, this property is ideal for a new apartment building, condos, or a small lot subdivision. It is perfect for fix-and-flip investors, with nearby renovated duplexes selling at a premium and the current unit achieving an impressive rent of $2,300. This well-priced deal offers a rare investment opportunity in LA without numerous tenant buyouts. Act quickly on this duplex/land opportunity before it's gone!
PROPERTY INFORMATION
| MLS # | BB24115647 | Lot Size | 6,301 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 899,000
Price Per SqFt: $ 412 |
DOM | 295 Days |
| Address | 15047 Victory Boulevard | Type | Residential Income |
| City | Van Nuys | Sq.Ft. | 2,184 Sq. Ft. |
| Postal Code | 91411 | Garage | 3 |
| County | Los Angeles | Year Built | 1948 |
| Bed / Bath | 4 / 0 | Parking | 7 |
| Built In | 1948 | Status | Closed |
| Sold Date | 2024-09-06 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven, Gas Range, Refrigerator |
| Room Information | Kitchen, Living Room |
| EntryLocation | 1&2 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $959
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/14/2024 | Pending | $899,000 |
| 08/01/2024 | Relisted | $899,000 |
| 07/10/2024 | Listed | $899,000 |
Topfind Realty
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
