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Multifamily

16751 Victory Blvd

16751 Victory Blvd, Los Angeles, CA 91406

Listing Price: $1,895,000

Cap Rate
3.80%
Number of Units
4
Price/Unit
$473,750
Price/Gross SF
$398.78
Gross SF
4,752

Investment Overview

16751 Victory Blvd is in the Lake Balboa neighborhood of Van Nuys, located on the main thoroughfare between Balboa Blvd and Hayvenhurst Ave, a central Valley location with easy access to both the 405 & 101 Freeways. With soaring single-family residence prices in the immediate area, this is an ideal owner-user or investment opportunity totaling four units with strong in-place cash flow; the front of the building with Victory Blvd frontage is a three-bedroom two-bathroom unit with two two-bedrooms and one three-bedroom unit at the rear of the property. Ample parking for the units with four tandem, gated spaces (8 parking spaces total); the soft-story retrofit work has been completed by the ownership. The units are spacious (two-bedrooms approximately 950 SF and three-bedrooms approximately 1,100 SF) with in-unit laundry; additional 11% rental upside with further interior renovations. The building is low maintenance for a user or investor as gas, electricity, and water are all separately metered. The subject property has been well-maintained throughout the years with minimal deferred maintenance required. Located across the street from the Woodley Lakes Golf Course as well as the Sepulveda Basin Sports Complex; additionally, one block from both Birmingham Community High School and Mullholland Middle School. 16751 Victory Blvd is directly across the street from the Balboa Orange Line Station, convenient for residents to utilize a commute from North Hollywood to Chatsworth and everywhere in between

Investment Highlights

  • Located on the main thoroughfare between Balboa Blvd and Hayvenhurst Ave, a central Valley location with easy access to both the 405 & 101 Freeways
  • An ideal owner-user or investment opportunity totaling 4-units with strong in-place cash flow; the front of the building with Victory Blvd frontage is a 3+2 unit with two 2+2 and one 3+2 in the rear
  • Ample parking for the units with four tandem, gated spaces (8 parking spaces total); the soft-story retrofit work has been completed by the ownership
  • The units are spacious (two-bedrooms approximately 950 SF and three-bedrooms approximately 1,100 SF) with in-unit laundry; additional 11% rental upside with further interior renovations
  • The building is low maintenance for a user or investor as gas, electricity, and water are all separately metered. The subject property has been well-maintained throughout the years with minimal deferred maintenance required
  • Located across the street from the Woodley Lakes Golf Course as well as the Sepulveda Basin Sports Complex; additionally, one block from both Birmingham Community High School and Mullholland Middle School
  • 16751 Victory Blvd is directly across the street from the Balboa Orange Line Station, convenient for residents to utilize a commute from North Hollywood to Chatsworth and everywhere in between

Exclusively Listed By

Multifamily

16751 Victory Blvd

Listing Price: $1,895,000

Cap Rate
3.80%
Number of Units
4
Price/Unit
$473,750
Price/Gross SF
$398.78
Gross SF
4,752

Investment Highlights

  • Located on the main thoroughfare between Balboa Blvd and Hayvenhurst Ave, a central Valley location with easy access to both the 405 & 101 Freeways
  • An ideal owner-user or investment opportunity totaling 4-units with strong in-place cash flow; the front of the building with Victory Blvd frontage is a 3+2 unit with two 2+2 and one 3+2 in the rear
  • Ample parking for the units with four tandem, gated spaces (8 parking spaces total); the soft-story retrofit work has been completed by the ownership
  • The units are spacious (two-bedrooms approximately 950 SF and three-bedrooms approximately 1,100 SF) with in-unit laundry; additional 11% rental upside with further interior renovations
  • The building is low maintenance for a user or investor as gas, electricity, and water are all separately metered. The subject property has been well-maintained throughout the years with minimal deferred maintenance required
  • Located across the street from the Woodley Lakes Golf Course as well as the Sepulveda Basin Sports Complex; additionally, one block from both Birmingham Community High School and Mullholland Middle School
  • 16751 Victory Blvd is directly across the street from the Balboa Orange Line Station, convenient for residents to utilize a commute from North Hollywood to Chatsworth and everywhere in between

Investment Overview

16751 Victory Blvd is in the Lake Balboa neighborhood of Van Nuys, located on the main thoroughfare between Balboa Blvd and Hayvenhurst Ave, a central Valley location with easy access to both the 405 & 101 Freeways. With soaring single-family residence prices in the immediate area, this is an ideal owner-user or investment opportunity totaling four units with strong in-place cash flow; the front of the building with Victory Blvd frontage is a three-bedroom two-bathroom unit with two two-bedrooms and one three-bedroom unit at the rear of the property. Ample parking for the units with four tandem, gated spaces (8 parking spaces total); the soft-story retrofit work has been completed by the ownership. The units are spacious (two-bedrooms approximately 950 SF and three-bedrooms approximately 1,100 SF) with in-unit laundry; additional 11% rental upside with further interior renovations. The building is low maintenance for a user or investor as gas, electricity, and water are all separately metered. The subject property has been well-maintained throughout the years with minimal deferred maintenance required. Located across the street from the Woodley Lakes Golf Course as well as the Sepulveda Basin Sports Complex; additionally, one block from both Birmingham Community High School and Mullholland Middle School. 16751 Victory Blvd is directly across the street from the Balboa Orange Line Station, convenient for residents to utilize a commute from North Hollywood to Chatsworth and everywhere in between

Exclusively Listed By

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