• Asking Price $899,000
  • Estimated Value: $1,011,005

  • 15047 VICTORY BLVD VAN NUYS, CA 91411

  • 4 Beds 2 Baths
  • Townhouse or Condo / Resale (MLS)
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Property Details for 15047 VICTORY BLVD, VAN NUYS, CA 91411

Features

  • Lot Size: 0.1447 acres
  • Total Units: 2
  • Total Rooms: 8
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Kitchen, Living Room
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1948
  • Property ID: 897965726
  • MLS Number: BB24115647
  • Parcel Number: 2235-020-021
  • Property Type: Townhouse or Condo
  • County: Los Angeles
  • Legal Description: TRACT # 1000 E 60 FT OF W 191 FT OF S 105 FT OF N 284.10 FT OF LOT/SEC 266
  • Zoning: LAR3
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 15047 Victory is a charming 1940's duplex delivered 50% vacant and located within walking distance of Sepulveda & Victory's shops, businesses, and restaurants. Each unit is over 1,000 sq ft and features beautiful design elements and well-designed floor plans, making them perfect candidates for a cosmetic fix + flip or hold + cash flow. Situated on a 6,301 sq ft LAR3 lot, the property also offers potential for an ADU in the rear or new construction, providing tremendous upside potential. This two-story duplex boasts incredible curb appeal, lush landscaping, and a private gate. It includes two spacious 2-bedroom, 1-bathroom units: one upstairs (vacant) and one downstairs leased for $2,300, eligible for a rent increase as of February 2024. The renovated upstairs unit is projected to rent for $2,500, bringing the cap rate to 4.34%. Recent improvements since 2019 include new exterior painting, re-piping, roof insulation, rodent proofing, foundation repair, electrical rewiring, washer sewage line replacement, and various system updates. Each unit has its own laundry room, and there is ample parking with a 2-car garage, a 1-car garage, and about 6 exterior spots. Located near Sherman Oaks and Balboa Park, this property is ideal for a new apartment building, condos, or a small lot subdivision. It is perfect for fix-and-flip investors, with nearby renovated duplexes selling at a premium and the current unit achieving an impressive rent of $2,300. This well-priced deal offers a rare investment opportunity in LA without numerous tenant buyouts. Act quickly on this duplex/land opportunity before it's gone!

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Property Brokerage: Myunits.com 630 N. Glenoaks Burbank CA 91501
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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