16021 Victory Boulevard, Van Nuys, CA 91406

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
16021 Victory Boulevard,Van Nuys, CA 91406
$1,625,000
  • 8 Beds
  • 6 Baths
  • 3,842 sq. ft.
  • Multi-family
  • Active
Listed by:mackenzie stone
Office:the beverly hills estates
MLS#:25583469
Source:CRMLS

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$422.96

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

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Home facts

  • Year built:1954
  • Listing ID #:25583469
  • Added:1 day(s) ago
  • Updated:September 02, 2025 at 07:25 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Living area:3,842 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Year built:1954
  • Building area:3,842 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$422.96
Based on information from California Regional Multiple Listing Service, Inc. as of September 3, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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