Seller's Agent in 2024
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
92 Total Sales
15047 Victory Blvd van Nuys, CA 91411
Estimated Value: $845,000 - $1,103,126
4
Beds
2
Baths
2,184
Sq Ft
$432/Sq Ft
Est. Value
Highlights
- Gated Parking
- City Lights View
- Living Room
- Van Nuys High School Rated A
- No HOA
- Laundry Room
About This Home
As of September 202415047 Victory is a charming 1940's duplex delivered 50% vacant and located within walking distance of Sepulveda & Victory's shops, businesses, and restaurants. Each unit is over 1,000 sq ft and features beautiful design elements and well-designed floor plans, making them perfect candidates for a cosmetic fix + flip or hold + cash flow. Situated on a 6,301 sq ft LAR3 lot, the property also offers potential for an ADU in the rear or new construction, providing tremendous upside potential.
This two-story duplex boasts incredible curb appeal, lush landscaping, and a private gate. It includes two spacious 2-bedroom, 1-bathroom units: one upstairs (vacant) and one downstairs leased for $2,300, eligible for a rent increase as of February 2024. The renovated upstairs unit is projected to rent for $2,500, bringing the cap rate to 4.34%. Recent improvements since 2019 include new exterior painting, re-piping, roof insulation, rodent proofing, foundation repair, electrical rewiring, washer sewage line replacement, and various system updates. Each unit has its own laundry room, and there is ample parking with a 2-car garage, a 1-car garage, and about 6 exterior spots.
Located near Sherman Oaks and Balboa Park, this property is ideal for a new apartment building, condos, or a small lot subdivision. It is perfect for fix-and-flip investors, with nearby renovated duplexes selling at a premium and the current unit achieving an impressive rent of $2,300. This well-priced deal offers a rare investment opportunity in LA without numerous tenant buyouts. Act quickly on this duplex/land opportunity before it's gone!
Last Agent to Sell the Property
Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 07/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,783
Year Built
- Built in 1948
Lot Details
- 6,301 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Level Lot
- Value in Land
Parking
- 3 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Gated Parking
- Off-Site Parking
Home Design
- Duplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
Interior Spaces
- 2,184 Sq Ft Home
- 2-Story Property
- Living Room
- City Lights Views
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Standard Electricity
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 266
- Tax Tract Number 1000
- Assessor Parcel Number 2235020021
- $476 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,529
- Maintenance Expense $2,000
- Water Sewer Expense $1,200
- New Taxes Expense $10,783
- Operating Expense $16,711
- Gross Income $57,600
- Net Operating Income $38,585
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2024
Closed on
Jul 23, 2024
Sold by
Bought by
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Leo Esparza
WE SELL HOMES REALTY
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,532
Avg. Annual Appreciation
2.77%
Original Mortgage
$810,000
Outstanding Balance
$799,929
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$143,603
Purchase Details
Listed on
Jun 5, 2019
Closed on
May 31, 2019
Sold by
Bought by
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.01%
Purchase Details
Closed on
Dec 26, 2012
Sold by
Bought by
Purchase Details
Closed on
Dec 31, 2007
Sold by
Bought by
Purchase Details
Closed on
May 2, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
4.94%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Apr 25, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
4.94%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Mar 14, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $900,000 | Monarch Title | ||
| $770,000 | Stewart Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| $590,000 | Security Union Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $810,000 | ||
| Previous Owner | $442,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $900,000 | +0.1% | $412 / Sq Ft | |
| 08/04/2024 08/04/24 | Pending | -- | -- | -- | |
| 08/01/2024 08/01/24 | For Sale | $899,000 | -0.1% | $412 / Sq Ft | |
| 07/31/2024 07/31/24 | Off Market | $900,000 | -- | -- | |
| 07/10/2024 07/10/24 | For Sale | $899,000 | +16.8% | $412 / Sq Ft | |
| 06/05/2019 06/05/19 | Sold | $770,000 | +2.7% | $353 / Sq Ft | View Prior Sale |
| 06/05/2019 06/05/19 | Pending | -- | -- | -- | |
| 06/05/2019 06/05/19 | For Sale | $750,000 | -- | $343 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,180 | $900,000 | $540,000 | $360,000 |
| 2024 | $10,578 | $842,104 | $505,263 | $336,841 |
| 2023 | $10,378 | $825,593 | $495,356 | $330,237 |
| 2022 | $9,903 | $809,406 | $485,644 | $323,762 |
| 2021 | $9,778 | $793,536 | $476,122 | $317,414 |
| 2019 | $849 | $699,000 | $451,400 | $247,600 |
| 2018 | $8,023 | $640,000 | $413,300 | $226,700 |
| 2016 | $7,960 | $640,000 | $413,300 | $226,700 |
| 2015 | $6,054 | $480,000 | $310,000 | $170,000 |
| 2014 | $6,198 | $480,000 | $310,000 | $170,000 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Leo Esparza
Buyer's Agent in 2024
Leo Esparza
WE SELL HOMES REALTY
(909) 437-1789
1 in this area
97 Total Sales
-
HASINA HASON
Buyer Co-Listing Agent in 2024
HASINA HASON
WE SELL HOMES REALTY
(951) 347-3906
1 in this area
102 Total Sales
-
Ian Maddox
I
Seller Co-Listing Agent in 2019
Ian Maddox
Myunits.com Inc.
(818) 859-7242
55 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24115647
APN: 2235-020-021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. 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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