NOT LISTED FOR SALE

16647 Victory Blvd van Nuys, CA 91406

Lake Balboa Neighborhood

Estimated Value: $946,000 - $1,237,000

0.14 Acre
$7,613,904 Price per Acre
6,238 Sq Ft Lot

Last Sold July 11, 2023

Last sale price $1,075,000 $854 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,102/month

17 Days on Market

About This Lot

As of July 2023

We are pleased to present 16647 Victory Boulevard, a Ready to Issue "RTI", development site to build 4 units that will allow the developer to start building as soon as they close escrow. The project is well-designed and consists of (4) 3 Bed / 2 Bath units. Unlike similar projects, the design also includes an office and recreation room, which will enhance the tenant experience and generate higher rents. The building design is for 2 stories residential with the parking garage on the first floor. Plans call for 3 units on the top floor and 1 unit plus rec room and office on the bottom floor. The project also provides 4 standard, 1 compact and 1 disabled car parking spots as well as 6 bicycle parking spaces. The project is ideally located across the street from Lake Balboa Park and the Balboa Orange Line Station as well as close to the Van Nuys Airport and Van Nuys Golf Course. Van Nuys is a neighborhood in the San Fernando Valley region of Los Angeles, California. The San Fernando Valley itself has a population of around 1.862 million people. The Van Nuys neighborhood is known for its residential areas, shopping centers, and the Van Nuys Airport, which is one of the busiest general aviation airports in the world. Some of the popular attractions in Van Nuys include the Japanese Garden, the Valley Municipal Building, and the Sepulveda Dam Recreation Area. The neighborhood is also home to several schools, including Van Nuys High School and Valley College. The neighborhood is easily accessible by car, with major highways like the 101 and 405 running through the area and is also served by the Van Nuys FlyAway bus service to LAX airport.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 04/18/2023

Co-Listed By

Matthew Ziegler

Marcus & Millichap License #01280909

Last Buyer's Agent

Shira Dunn

Keller Williams Luxury License #02100807

Keller Williams Luxury

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,164

Lot Details

  • 6,238 Sq Ft Lot
  • Lot Dimensions are 52x120
  • Property is zoned LARD2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2231-010-025

Property Details

Property Type

Land

Est. Annual Taxes

$13,164

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1432
  • Lot Dimensions: 52x120
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 2231-010-025
  • Lot Size Area: 6238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2023
Sold by
Javad Valleie 2020 Revocable Trust and Valleie Javad
Bought by
Hattenbach Gina
Current Estimated Value
$1,096,688

Purchase Details

Closed on
Jan 18, 2023
Sold by
Sarange Behroz and Sarange Tahmineh
Bought by
Javad Valleie 2020 Revocable Trus

Purchase Details

Listed on
Nov 12, 2021
Closed on
Nov 29, 2021
Sold by
Gabriel Jose R and Gabriel Esther M
Bought by
Javad Valleie 2020 Revocable Trust
Seller's Agent
Raul Garcia
Pak Home Realty
Buyer's Agent
Raul Garcia
Pak Home Realty
List Price
$799,990
Sold Price
$800,000
Premium/Discount to List
$10
0.001%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$500,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 1995
Sold by
Ellman Leonard and Ellman Betty
Bought by
Gabriel Jose R and Gabriel Esther M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,878
Interest Rate
7.38%
Mortgage Type
FHA
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Hattenbach Gina $1,075,000 First American Title
Javad Valleie 2020 Revocable Trus -- Accommodation/Courtesy Recordi
Javad Valleie 2020 Revocable Trust $800,000 Usa National Title
Gabriel Jose R $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hattenbach Gina $1,500,000
Previous Owner Javad Valleie 2020 Revocable Trust $500,000
Previous Owner Gabriel Jose R $254,000
Previous Owner Gabriel Jose R $232,000
Previous Owner Gabriel Jose R $213,500
Previous Owner Gabriel Jose R $179,000
Previous Owner Gabriel Jose R $137,317
Previous Owner Gabriel Jose R $138,395
Previous Owner Gabriel Jose R $139,878
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2023 07/11/23 Sold $1,075,000 0.0% $854 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $1,075,000 +34.4% $854 / Sq Ft
01/21/2022 01/21/22 Sold $800,000 0.0% $482 / Sq Ft
12/04/2021 12/04/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $799,990 0.0% $482 / Sq Ft
11/08/2021 11/08/21 Off Market $800,000 -- --
Source: The MLS

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 $13,164 $1,096,500 $1,096,398 $102
2024 $13,164 $1,075,000 $1,074,900 $100
2023 $11,062 $900,000 $680,000 $220,000
2022 $3,072 $248,143 $78,257 $169,886
2021 $3,029 $243,278 $76,723 $166,555
2019 $2,939 $236,065 $74,449 $161,616
2018 $2,843 $231,438 $72,990 $158,448
2016 $2,704 $222,453 $70,156 $152,297
2015 $2,664 $219,113 $69,103 $150,010
2014 $2,680 $214,822 $67,750 $147,072
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2023

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    1 in this area

    105 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Matthew Ziegler

    Marcus & Millichap

    (310) 403-3325

    1 in this area

    19 Total Sales

    Section Image
  • Shira Dunn

    Buyer's Agent in 2023

    Shira Dunn

    Keller Williams Luxury

    (424) 653-0560

    2 in this area

    78 Total Sales

    Section Image

  • R

    Seller's Agent in 2022

    Raul Garcia

    Pak Home Realty

    (562) 544-5233

    1 in this area

    33 Total Sales

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-261617

The MLS

APN: 2231-010-025

California Los Angeles County Van Nuys 91406 Lake Balboa

16647 Victory Blvd, Van Nuys, CA

This home is located at 16647 Victory Blvd, van Nuys, CA 91406 since 18 April 2023 and is currently estimated at $1,090,311, approximately $866 per square foot. 16647 Victory Blvd is a home located in Los Angeles County with nearby schools including Gault Street Elementary School, William Mulholland Middle, and Magnolia Science Academy 2.

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