CA > Van Nuys
Van Nuys, CA 91406,16021 Victory BLVD
Van Nuys, CA 91406,16021 Victory BLVD
Van Nuys, CA 91406,16021 Victory BLVD
Van Nuys, CA 91406,16021 Victory BLVD
Van Nuys, CA 91406,16021 Victory BLVD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
22
Sep
Tue
23
Sep
Wed
24
Sep
Thelma Evelyn Wacasey

Thelma Evelyn Wacasey

+1(323) 479-4592
$ 1,625,000
Est. payment | /mo

8 Beds

6 Baths

3,842 SqFt

Save
$ 1,625,000
Est. payment | /mo
Save

8 Beds

6 Baths

3,842 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,842 sqft

Price per Sqft $422

MLS Listing ID 25583469

Bedrooms 8

HOA Y/N No

Year Built 1954

Lot Size 5,915 Sqft

Property Description

A Trophy Investment in Lake Balboa. This fully occupied six-unit property combines an original fourplex with two brand-new ADUs designed for today's renter, offering central air, in-unit laundry, and premium finishes. Priced at approximately $270K per unit, the asset is aligned with the best comps while delivering far greater upside. With a current GRM of ~15.2 and a clear path to ~10.2 at market rents, investors gain both immediate stability and significant future growth. The unit mix includes two 2BR/1BA and two 1BR/1BA residences in the original fourplex, along with a full 2BR/1BA ADU and a junior studio ADU. Ownership has implemented consistent rent growth and meaningful upgrades, while also leaving additional opportunity through the potential conversion of bonus rooms in the 2BR units into third bedrooms. Current operations reflect a cap rate just under 5%, with the ability to reach 7%+ as rents continue to align with market. Lake Balboa is trending upward fast, with consistent appreciation and increasing demand solidifying its place as one of Los Angeles's most promising submarkets. This property offers the rare balance of reliable cash flow and meaningful equity growth, set within a thriving neighborhood surrounded by Woodley Lakes Golf Course, the Sepulveda Basin, The Japanese Garden, and Balboa Lake, with effortless access to the 405 and 101.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LARD1.5

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features None

Pool None

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2233023017

Special Listing Condition Standard

CRMLS – RECore
Listed by Mackenzie Stone The Beverly Hills Estates
Thelma Evelyn Wacasey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(323) 479-4592

thelmatherealtor@gmail.com

1420 Kettner Blvd, San Diego, California, 92101, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Thelma Evelyn Wacasey, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

16021 Victory BLVD