Seller's Agent in 2022
Will Tiao
The Collective Realty
(323) 438-9494
1 in this area
30 Total Sales
16021 Victory Blvd Van Nuys, CA 91406
9
Beds
6
Baths
4,812
Sq Ft
5,911
Sq Ft Lot
Highlights
- City View
- Living Room
- Gated Home
- Engineered Wood Flooring
- Bungalow
- South Facing Home
About This Home
As of September 2022PRICE ADJUSTMENT TO $1,650,000! Unique opportunity to own 6 units with potential residential financing in Lake Balboa in Van Nuys west of the 405. This property has four units (two 2BR/1BA and two 1BR/1BA units) plus a newly completed 2BR/1BA ADU and Studio Junior ADU. ADU's are all new construction and include central air, washer/dryer, and stainless appliances. Original fourplex has potential for 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 16.36 with a cap of 4.87% with an unheard of full market GRM of 10.7 and 7.4% cap. Because the property is still listed as a four-plex, 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 $275K/unit, this will sell quickly, so bring your offers!
Last Agent to Sell the Property
The Collective Realty License #01918965 Listed on: 04/12/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 5,912 Sq Ft Lot
- South Facing Home
- Gated Home
- Front Yard
Home Design
- Bungalow
- Stucco
Interior Spaces
- 4,812 Sq Ft Home
- 2-Story Property
- Living Room
- Engineered Wood Flooring
- City Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Central Water Heater
Additional Features
- Accessory Dwelling Unit (ADU)
- City Lot
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for gardener
- Assessor Parcel Number 2233-023-017
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Rent Control
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $1,610,000 | -2.4% | $335 / Sq Ft | |
| 08/10/2022 08/10/22 | Pending | -- | -- | -- | |
| 06/30/2022 06/30/22 | Price Changed | $1,650,000 | -2.7% | $343 / Sq Ft | |
| 06/03/2022 06/03/22 | For Sale | $1,695,000 | 0.0% | $352 / Sq Ft | |
| 05/18/2022 05/18/22 | Pending | -- | -- | -- | |
| 05/11/2022 05/11/22 | Price Changed | $1,695,000 | -3.1% | $352 / Sq Ft | |
| 04/12/2022 04/12/22 | For Sale | $1,750,000 | +92.3% | $364 / Sq Ft | |
| 02/20/2020 02/20/20 | Sold | $910,000 | +1.1% | $237 / Sq Ft | View Prior Sale |
| 12/23/2019 12/23/19 | Pending | -- | -- | -- | |
| 12/03/2019 12/03/19 | For Sale | $900,000 | -- | $234 / Sq Ft |
Source: The MLS
Tax History
| 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 | $20,260 | $1,675,044 | $676,260 | $998,784 |
| 2024 | $20,260 | $1,642,200 | $663,000 | $979,200 |
| 2023 | $19,865 | $1,610,000 | $650,000 | $960,000 |
| 2022 | $11,386 | $937,814 | $376,156 | $561,658 |
| 2021 | $11,232 | $919,427 | $368,781 | $550,646 |
| 2020 | $7,096 | $557,079 | $222,477 | $334,602 |
| 2019 | $6,825 | $546,174 | $218,115 | $328,059 |
| 2018 | $6,790 | $535,483 | $213,839 | $321,644 |
| 2016 | $6,459 | $513,846 | $205,537 | $308,309 |
| 2015 | $6,368 | $506,128 | $202,450 | $303,678 |
| 2014 | $6,412 | $496,215 | $198,485 | $297,730 |
Source: Public Records
Agents Affiliated with this Home
-
Will Tiao
-
Grigor Chermakyan
Buyer's Agent in 2022
Grigor Chermakyan
Park Regency Realty
(818) 381-2143
7 in this area
41 Total Sales
-
Randy DiSimone
Seller's Agent in 2020
Randy DiSimone
Keller Williams VIP Properties
(818) 535-7700
4 in this area
85 Total Sales
Map
Source: The MLS
MLS Number: 22-144025
APN: 2233-023-017
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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