15047 Victory Boulevard

Van Nuys, CA 91411

$900,000

Sold Price
N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1948

calendar_month Built

Property Description

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!

Listing Information

Close Price $900,000
Close Date Friday, September 6th, 2024
Status Closed
MLS BB24115647
HOA $0
Type Residential Income
Subtype Duplex
Year Built 1948
Lot Size 6,301
Structure Size N/A
DOM 24
Courtesy Of Myunits.com Inc.
Listing Agent Elizabeth Maddox DRE#01921425

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup, Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None

Exterior Information

Maps

Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 6th, 2024 at 10:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.