16021 Victory Boulevard

Van Nuys, CA 91406

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,889 Sqft
  • 5914
    Sqft(Lot)
$1,799,990

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 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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Traditional

  • AD ID

    47168026

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Property Appliances: Dryer,Washer
    • Fireplace: None

    Cooling Features

    • Central Air,Wall/Window Unit(s)
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1954
    • Building Area Total: 4,889

    Security Features

    • Gated Community

    Pool Features

    • None

    Laundry Features

    • In Kitchen

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1358
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5914

  • Listing Price Information

    • Original List Price: 1,799,990
    • Listing Contract Date: 2024-10-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2233023017

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VN - Van Nuys
    • Postal Code Plus 4: 6469
    • Directions: Between Woodley and Haskel. West of 405 Freeway
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: VN - Van Nuys
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 70
    • Common Walls: 1 Common Wall
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Street
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 17:54

  • MLS: SR24212101
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,889 sqft, 5,914 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Van Nuys , in zip code 91406, this Los Angeles County Home are nearby neighborhoods.