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16021 Victory Boulevard
Van Nuys, CA 91406
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!
PROPERTY INFORMATION
| MLS # | SR24212101 | Lot Size | 5,914 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,799,990
Price Per SqFt: $ 368 |
DOM | 201 Days |
| Address | 16021 Victory Boulevard | Type | Residential Income |
| City | Van Nuys | Sq.Ft. | 4,889 Sq. Ft. |
| Postal Code | 91406 | Garage | N/A |
| County | Los Angeles | Year Built | 1954 |
| Bed / Bath | 8 / 0 | Parking | N/A |
| Built In | 1954 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, In Kitchen, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air, Wall/Window Unit(s) |
| EntryLocation | Street |
| Entry Level | 1 |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 56 (Somewhat Walkable)
Transit Score: 50 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,920
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/12/2024 | Listed | $1,799,990 |
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Listing provided courtesy of Greg Chermakyan, Park Regency Realty. 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.
