16021 Victory Boulevard, Van Nuys, CA 91406 (MLS # SR24212101)

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PRICE $1,799,990 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 4,889 sqft
LOT SIZE 5,916 sqft

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!

DAYS ON MARKET 18 LAST UPDATED 10/12/2024
YEAR BUILT 1954 COMMUNITY Van Nuys
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air, Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dryer, Washer
AREA Van Nuys
GARAGE None
HOA DUES 0
LOT 5914 sq ft
LOT DESCRIPTION Near Park
PARKING None
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Traditional
UTILITIES Natural Gas Connected,Sewer Available,Water Connected
WATER Public
ZONING LARD1.5
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Park Regency Realty

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/24 8:20 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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