NOT LISTED FOR SALE

16011 Victory Blvd van Nuys, CA 91406

Van Nuys Area

Estimated Value: $1,260,000 - $1,390,893

3 Beds
2 Baths
4,036 Sq Ft
$332/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2025

Last sale price $1,395,000 $346 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,757 / mo

18 Days on Market

About This Home

As of April 2025

We are proud to represent this 4-unit apartment building in Lake Balboa area of Van Nuys. The property has an excellent unit mix, consisting of (2) 1+1 units and (2) 2+1 units. With a lot size of 5,999 square feet, the property has a total of 4,036 rentable square feet. Two units have been completed renovated. The property features enclosed garages, an on-site laundry room, and new windows in the renovated units. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for water and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 02/10/2025

Equity Union

Last Buyer's Agent

Ivonne Navarro

Real Brokerage Technologies License #02187208

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,001 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,036 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 12712
  • Assessor Parcel Number 2233023015

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $4,200
  • Insurance Expense $3,823
  • Operating Expense $31,458
  • Gross Income $94,872
  • Net Operating Income $60,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

6,001 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2233023015
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 345.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1378

Multi Family

  • Electric Expense: 4200.00
  • Gross Income: 94872.00
  • Gross Scheduled Income: 94872.00
  • Insurance Expense: 3823.00
  • Lot Size Area: 6001.0000 Square Feet
  • Net Operating Income: 60568.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 31458.00
  • Rent Control: Yes
  • Total Expenses: 31458.00

Tax Info

  • Tax Census Tract: 1276.05
  • Tax Lot: 15
  • Tax Tract Number: 12712

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
Feb 10, 2025
Closed on
Apr 3, 2025
Sold by
Bought by
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Ivonne Navarro
Real Brokerage Technologies
List Price
$1,395,000
Sold Price
$1,395,000
Views
2
Current Estimated Value
$1,338,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,027
Avg. Annual Appreciation
-3.13%
Original Mortgage
$1,363,087
Outstanding Balance
$1,344,808
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$5,835

Purchase Details

Listed on
Aug 9, 2022
Closed on
Aug 9, 2022
Sold by
Bought by
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,395,000
Sold Price
$1,295,000
Premium/Discount to List
-$100,000
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$780,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 1999
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
$230,400
Interest Rate
7.95%

Purchase Details

Closed on
Jan 1, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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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
$1,395,000 Wfg National Title
$1,295,000 Lawyers Title
$288,000 Progressive Title Company
-- --
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 $1,363,087
Previous Owner $780,000
Previous Owner $600,000
Previous Owner $561,000
Previous Owner $561,000
Previous Owner $489,200
Previous Owner $431,000
Previous Owner $100,000
Previous Owner $65,000
Previous Owner $315,000
Previous Owner $264,000
Previous Owner $33,000
Previous Owner $230,400
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
04/17/2025 04/17/25 Sold $1,395,000 0.0% $346 / Sq Ft
02/28/2025 02/28/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $1,395,000 +7.7% $346 / Sq Ft
09/14/2022 09/14/22 Sold $1,295,000 -7.2% $321 / Sq Ft View Prior Sale
08/09/2022 08/09/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $1,395,000 -- $346 / 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 $16,596 $1,347,318 $624,240 $723,078
2024 $16,410 $1,320,900 $612,000 $708,900
2023 $16,095 $1,295,000 $600,000 $695,000
2022 $5,415 $417,101 $121,650 $295,451
2021 $5,329 $408,923 $119,265 $289,658
2019 $5,178 $397,816 $115,729 $282,087
2018 $5,063 $390,036 $113,460 $276,576
2016 $4,802 $373,911 $109,055 $264,856
2015 $4,736 $368,295 $107,417 $260,878
2014 $4,776 $361,081 $105,313 $255,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25029909

California Regional Multiple Listing Service (CRMLS)

APN: 2233-023-015

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