$1,625,000

16021 Victory Blvd Van Nuys, CA 91406

Van Nuys Neighborhood

Estimated payment $10,411/month

Total Views 209
8 Beds
6 Baths
3,842 Sq Ft
$423 Price per Sq Ft

About This Home

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.

Listing Agent

Mackenzie Stone

The Beverly Hills Estates License #02063535 Listed on: 09/02/2025

The Beverly Hills Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,914 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,842 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2233-023-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3842
  • Lot Acreage: 0.1358
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Inside
  • Total Bathrooms: 6.00
  • Equipment: Microwave, Refrigerator, Range/Oven, Washer, Dryer, Dishwasher
  • Price Per S Q F T: 422.96

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Sewer: In Connected and Paid
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 59.63
  • Assessed Improvement Value: 979200
  • Assessed Land Percent: 40.37
  • Assessed Land Value: 663000
  • Total Assessed Value: 1642200
  • Assessor Parcel Number: 2233-023-017
  • Lot Size Area: 5914

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 6
  • Total Annual Expense: 20474
  • Type Of Units: Unit 1
  • Vacancy Rate: none

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $1,625,000 +0.9% $423 / Sq Ft
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
12/23/2019 12/23/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $900,000 -- $234 / Sq Ft
Source: The MLS

Similar Homes in the area

  • 5722 Kester Ave, Los Angeles, CA 91411

    $1,599,000

    • 7 Beds
    • 4,014 Sq Ft
    • 5722 Kester Ave
    • Los Angeles, CA

    Beautifully Maintained Five-Unit Apartment Building This well-cared-for five-unit apartment building offers an excellent opportunity for both investors and owner-operators. The property features a desirable mix of three spacious 1-bedroom/1-bath units and two large 2-bedroom/1-bath units, each with its own private garage — a rare and highly attractive amenity.The building has

    Mitchell Kaufman Kaufman Realty

    Section Image
  • 5707 Tilden Ave, Van Nuys, CA 91401

    $1,615,000

    • 8 Beds
    • 6 Baths
    • 4,618 Sq Ft
    • 5707 Tilden Ave
    • Van Nuys, CA

    With its high in-place CAP Rate of 6.22%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by

    Rick Raymundo Marcus & Millichap

    Section Image
  • 14310 Tiara St, Van Nuys, CA 91401

    $1,620,000

    • 7 Beds
    • 7 Baths
    • 3,890 Sq Ft
    • 14310 Tiara St
    • Van Nuys, CA

    With its low in-place GRM of 10.99, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. All seismic retrofit repairs have already been completed by the current owner, allowing a new investor to benefit by saving on an otherwise costly expense (Buyer to verify). Located near the intersection of Van Nuys Boulevard and Burbank

    Rick Raymundo Marcus & Millichap

    Section Image
  • 6851 Woodman Ave, Van Nuys, CA 91405

    $1,675,000

    • 7 Beds
    • 4 Baths
    • 2,908 Sq Ft
    • 6851 Woodman Ave
    • Van Nuys, CA

    CALLING ALL INVESTORS!!! Fourplex, fully occupied under market. Property is prime for development. Comes with completed plans to build 8 town homes. Please call for more details.

    Al Kao Provenio Realty and Investment

    Section Image
  • 7346 Ventura Canyon Ave, Los Angeles, CA 91405

    $1,700,000

    • 10 Beds
    • 8 Baths
    • 5,514 Sq Ft
    • 7346 Ventura Canyon Ave
    • Los Angeles, CA

    Matthews is pleased to present 7344-46 Ventura Canyon Ave, an 8-unit multifamily investment opportunity located in the strong rental market of Van Nuys, CA. Built in 1962, the property features a desirable mix of one-bedroom and two-bedroom floorplans designed to appeal to a broad tenant base. Spanning 5,514 square feet across a 0.26-acre lot, this well-maintained asset offers a rare combination

    Daniel Withers Matthews Real Estate Investment Services

    Section Image
  • 7348 Ventura Canyon Ave, Los Angeles, CA 91405

    $1,500,000

    • 8 Beds
    • 7 Baths
    • 4,695 Sq Ft
    • 7348 Ventura Canyon Ave
    • Los Angeles, CA

    Matthews is pleased to present 7348 Ventura Canyon Ave, a 7-unit multifamily property located in the desirable Van Nuys neighborhood of Los Angeles, CA. Constructed in 1962, this well-kept asset consists of a unit mix of one-bedroom and two-bedroom layouts, ideal for attracting a broad range of tenants from working professionals to small families. The building encompasses 4,695 square feet and is

    Daniel Withers Matthews Real Estate Investment Services

    Section Image
  • 6828 Fulton Ave, Los Angeles, CA 91605

    $2,100,000

    • 7 Beds
    • 5 Baths
    • 7,885 Sq Ft
    • 6828 Fulton Ave
    • Los Angeles, CA

    Located in the heart of North Hollywood, 6828 Fulton Ave presents a rare opportunity to acquire a well-maintained, high-demand rental property in one of the most sought-after submarkets of Los Angeles. This 10-unit building offers a diverse unit mix consisting of one single, five 1-bedroom, 1-bath units, one 2-bedroom, 2-bath unit, and three 3-bedroom, 2-bath units, making it an ideal option for

    James Antonucci Keller Williams Realty-Studio City

    Section Image
See All Homes in Van Nuys

Source: The MLS

MLS Number: 25583469

The MLS

APN: 2233-023-017

California Los Angeles County Van Nuys 91406 Van Nuys

16021 Victory Blvd, Van Nuys, CA

This home is located at 16021 Victory Blvd, Van Nuys, CA 91406 and is currently priced at $1,625,000, approximately $422 per square foot. This property was built in 1954. 16021 Victory Blvd is a home located in Los Angeles County with nearby schools including Bassett Street Elementary, William Mulholland Middle, and High Tech Los Angeles.

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 MLS © 2025 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Mackenzie Stone
Listing Agent
Mackenzie Stone
Section Image
The Beverly Hills Estates
(747) 349-8903