NOT LISTED FOR SALE

16419 Victory Blvd van Nuys, CA 91406

Estimated Value: $912,000 - $1,021,000

0.15 Acre
$6,555,534 Price per Acre
6,446 Sq Ft Lot

Last Sold November 15, 2024

Last sale price $1,000,000 $980 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,184/month

123 Days on Market

About This Lot

As of November 2024

Back on market, no fault of sellers. Unlock the potential of this RTI (Ready-to-Issue) development opportunity adjacent to beautiful Lake Balboa. This exceptional offering includes a full set of meticulously designed architectural plans for a 5-unit apartment building, featuring four spacious units plus an Additional Dwelling Unit (ADU). The proposed development includes a total of 6,548 square feet of modern living space on a generous 7,835 square foot lot. The plans also call for a 4-car garage for a convenient and secure parking option as well as alley access for ease of entry and exit. This opportunity is RTI ready. All permits and plans are approved and ready to build, saving you time and hassle. The land comes with detailed and professionally designed architectural plans for optimal functionality and aesthetic appeal. Investors can benefit from no rent control due to new construction. The plans appeal to tenants looking for modern, brand-new living spaces which can easily garner top rental prices. All the heavy lifting has been done, just step in and start building! Photos are renderings based off of the architectural plans.

Last Agent to Sell the Property

Amy Weber

COMPASS Brokerage Email: amyweberre@gmail.com License #01946366 Listed on: 06/20/2024

COMPASS

Co-Listed By

Maria Moreno

Regional Real Estate Brokerage Email: amyweberre@gmail.com License #02014010

Property Details

Property Type

  • Land

Lot Details

  • 6,446 Sq Ft Lot
  • No Sprinklers
  • Property is zoned LAR3

Utilities

  • Water Not Available

Listing and Financial Details

  • Assessor Parcel Number 2231005029

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Assessments: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 2231005029
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 155.13

Exterior Features

  • Fence: No

Utilities

  • Sprinklers: No
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6446.00
  • Lot Size Acres: 0.1480

Multi Family

  • Lot Size Area: 6446.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Nov 12, 2024
Sold by
Dla Investments Llc
Bought by
Shady Grove Pl Investments Llc
Seller's Agent
Amy Weber
COMPASS
List Price
$1,400,000
Sold Price
$1,000,000
Premium/Discount to List
-$400,000
-28.57%
Views
12
Current Estimated Value
$970,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,781
Avg. Annual Appreciation
-2.62%

Purchase Details

Closed on
Jul 26, 2023
Sold by
Dla-Dginger Llc
Bought by
Dla Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2021
Closed on
Jun 9, 2021
Sold by
Perpetual Properties Llc
Bought by
Dla-Dginger Llc
Seller's Agent
Raffi Soualian
JohnHart Real Estate
Buyer's Agent
Raffi Soualian
JohnHart Real Estate
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.68%
Original Mortgage
$900,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2018
Sold by
Abinda Insurance Inc
Bought by
16419 Victory Blvd Llc

Purchase Details

Listed on
Jun 17, 2015
Closed on
Jul 1, 2015
Sold by
Madrigal Henry A
Bought by
Ablinda Insurance Inc
Seller's Agent
George Kpachavi
LPT Realty, Inc
Buyer's Agent
George Kpachavi
LPT Realty, Inc
List Price
$499,999
Sold Price
$515,000
Premium/Discount to List
$15,001
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Sep 26, 2007
Sold by
Madrigal Henry A and Madrigal Joyce G
Bought by
Madrigal Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2005
Sold by
The Henry A & Joyce G Madrigal Living Tr
Bought by
Madrigal Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,694
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 29, 2004
Sold by
Madrigal Henry A and Madrigal Joyce G
Bought by
Madrigal Henry A

Purchase Details

Closed on
Jan 28, 2004
Sold by
Madrigal Joyce G and Madrigal Audrey G
Bought by
Madrigal Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.85%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shady Grove Pl Investments Llc $1,000,000 Wfg National Title
Shady Grove Pl Investments Llc $1,000,000 Wfg National Title
Dla Investments Llc $1,100,000 Provident Title Company
Dla-Dginger Llc $1,000,000 Lawyers Title
16419 Victory Blvd Llc -- None Available
Ablinda Insurance Inc $515,000 Pacific Coast Title
Madrigal Henry A -- United Title Company
Madrigal Henry A -- Lsi Title Company
Madrigal Henry A -- --
Madrigal Henry A -- Fidelity National Financial
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dla Investments Llc $1,100,000
Previous Owner Dla-Dginger Llc $900,000
Previous Owner Madrigal Henry A $208,000
Previous Owner Madrigal Henry A $197,694
Previous Owner Madrigal Henry A $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $1,000,000 0.0% $980 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,000,000 -16.7% $980 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,200,000 -14.3% $1,176 / Sq Ft
06/20/2024 06/20/24 For Sale $1,400,000 +40.0% $1,373 / Sq Ft
07/29/2021 07/29/21 Sold $1,000,000 -20.0% $980 / Sq Ft View Prior Sale
05/26/2021 05/26/21 For Sale $1,250,000 +142.7% $1,225 / Sq Ft
08/06/2015 08/06/15 Sold $515,000 +3.0% $505 / Sq Ft View Prior Sale
06/20/2015 06/20/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $499,999 -- $490 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $13,381 $1,000,000 $1,000,000 --
2024 $13,381 $1,100,000 $1,100,000 --
2023 $12,418 $1,020,000 $1,020,000 $0
2022 $8,048 $668,100 $510,000 $158,100
2021 $6,854 $561,658 $412,226 $149,432
2020 $6,923 $555,900 $408,000 $147,900
2019 $6,651 $545,000 $400,000 $145,000
2018 $6,555 $535,806 $416,160 $119,646
2016 $6,266 $515,000 $400,000 $115,000
2015 $2,125 $167,579 $82,124 $85,455
2014 -- $164,298 $80,516 $83,782
Source: Public Records

Agents Affiliated with this Home

  • Amy Weber

    Seller's Agent in 2024

    Amy Weber

    COMPASS

    (818) 568-4243

    1 in this area

    65 Total Sales

    Amy Weber
    Section Image
  • Maria Moreno

    Seller Co-Listing Agent in 2024

    Maria Moreno

    Regional Real Estate

    (562) 207-7449

    1 in this area

    11 Total Sales

    Maria Moreno
    Section Image

  • R

    Seller's Agent in 2021

    Raffi Soualian

    JohnHart Real Estate

    (818) 464-5819

    1 in this area

    109 Total Sales

    Raffi Soualian
    Section Image
  • George Kpachavi

    Seller's Agent in 2015

    George Kpachavi

    LPT Realty, Inc

    (310) 525-0528

    4 in this area

    343 Total Sales

    George Kpachavi
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-18159

Pasadena-Foothills Association of REALTORS®

APN: 2231-005-029

California Los Angeles County Van Nuys 91406

16419 Victory Blvd, Van Nuys, CA

Not Listed for Sale

Lots

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