510.759.3800
Home ›
(more Expand breadcrumb navigation)
California ›
Van Nuys, Ca ›
91406 ›
16021 Victory Boulevard

16021 Victory Boulevard Van Nuys, CA 91406

Multi-Family (2-4 Units) MLS #: SR24212101 Courtesy Of Management Systems, Corporation

$1,799,990

8 beds | 6 baths | 4,889 sq ft
Print property details Share
Estimated monthly payments: $7,868/mo.* (recalculate)
Contact Contact Agent

Property InformationDescription

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!
MORTGAGE CALCULATOR

Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: New Traditional
  • Cooling System: Window Unit(s) A/C
  • Rooms: Living Room

MAP & DIRECTIONS

MAP & DIRECTIONS

Get Directions
16021 Victory Boulevard, Van Nuys, CA 91406
View Directions

School Information

16021 Victory Boulevard, Van Nuys, CA 91406

Elementary School
Grades KG-5 | Public School
BASSETT STREET ELEMENTARY SCHOOL
Van Nuys, CA 91406
15756 Bassett St
818.­782.1340
Distance: 0.6 mi
School Rating
B-
Student:Teacher Ratio
21:1
Total Students
610
Middle School
Grades 6-8 | Public School
MULHOLLAND MIDDLE SCHOOL
Van Nuys, CA 91406
17120 Vanowen St
818.­609.2500
Distance: 1.4 mi
School Rating
C+
Student:Teacher Ratio
21:1
Total Students
1246
High School
Grades 9-12 | Public School
BIRMINGHAM HIGH SCHOOL
Van Nuys, CA 91406
Distance: 0.9 mi
Other Nearby Schools Distance Type Grades School Rating
Valley School 1.0 mi Private PK-8
Sunflower Montessori School 1.1 mi Private PK-TKG
Columbus Avenue Elementary School 1.1 mi Public KG-5 D
Independence Continuation 1.1 mi Public 9-12 D-
Daniel Pearl Journalism & Communications Magnet 1.2 mi Public 9-12 B+
Sylvan Park Elementary 1.2 mi Public KG-5 D
Lake Balboa College Preparatory Magnet K-12 1.2 mi Public KG-12 B
St Bridget Of Sweden 1.3 mi Private KG-8
Birmingham Community Charter High School 1.3 mi Public 9-12 A
High Tech La 1.4 mi Public 9-12 A+
Magnolia Science Academy 2 1.4 mi Public 6-12 B+
Cohasset Elementary School 1.5 mi Public KG-5 C
Gault Street Elementary School 1.5 mi Public PK-5 B+
Will Rogers Continuation 1.6 mi Public 9-12 D-
Van Nuys Senior High School 1.6 mi Public 9-12 B+
Childrens Community School 1.6 mi Private KG-6
Emek Hebrew Academy Teichman Family Torah Center 1.7 mi Private PK-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Van Nuys, CA 91406

Median Age: 36
Married: 41%
Number of Households: 17,730
Households with Children: 34.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
An Equal Opportunity Company
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.