16021 Victory Blvd
Van Nuys, CA 91406
8 Beds
6 Baths
4,889 Sq Ft
72 Days on Market
For Sale $1,799,990
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Courtesy of Park Regency Realty

Listing Agent & Comments

Greg ChermakyanPark Regency Realty
818-381-2143gregchermakyan@hotmail.com License #01232572
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!

MLS# SR24212101 • Data provided by CRMLS
Additional home details
Living Area4,889 Sq.Ft.
Lot Size5,915 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms6
Stories2
Year Built1954
Property TypeMultifamily
ZoningLARD1.5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$20,260
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$1,753,346
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
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HouseCanary, Inc. Brokerage

16021 Victory Blvd., Van Nuys, CA 91406

Multifamily
8 Beds
6 Baths
4,889 Sq Ft
72 Days on Market

Listing Agent & Comments

Greg ChermakyanPark Regency Realty
818-381-2143gregchermakyan@hotmail.com License #01232572
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!

MLS# SR24212101 • Data provided by CRMLS
Additional home details
Living Area4,889 Sq.Ft.
Lot Size5,915 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms6
Stories2
Year Built1954
Property TypeMultifamily
ZoningLARD1.5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$20,260
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,799,990
Request tour
Save
Courtesy of Park Regency Realty
16021 Victory Blvd
Van Nuys, CA 91406
8 Beds
6 Baths
4,889 Sq Ft
72 Days on Market

Listing Agent & Comments

Greg ChermakyanPark Regency Realty
818-381-2143gregchermakyan@hotmail.com License #01232572
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!

MLS# SR24212101 • Data provided by CRMLS
Additional home details
Living Area4,889 Sq.Ft.
Lot Size5,915 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms6
Stories2
Year Built1954
Property TypeMultifamily
ZoningLARD1.5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$20,260
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,753,346
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,799,990
Request tour
Save
Courtesy of Park Regency Realty