CA > Van Nuys
Van Nuys, CA 91406,16021 Victory Blvd
Van Nuys, CA 91406,16021 Victory Blvd
Van Nuys, CA 91406,16021 Victory Blvd
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,625,000
Est. payment /mo
8 Beds
6 Baths
3,842 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,842 sqft

Price per Sqft $422

MLS Listing ID 25583469

Bedrooms 8

Year Built 1954

Lot Size 5,914 Sqft

Acres 0.1358

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Wall/Window, Other

Equipment Microwave, Refrigerator, Range/Oven, Washer, Dryer, Dishwasher

Laundry Inside

Exterior

Parking Features None

Garage Spaces 4.0

Pool None

Building

Story 2

Sewer In Connected and Paid

Water Public

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Beverly Hills Estates

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Kirshner Elkin Properties

+1(424) 214-0133

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