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16021 Victory Boulevard, Van Nuys, CA 91406

Local realty services provided by:CENTURY 21 Allstars
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:102 day(s) ago
  • Updated:December 12, 2025 at 11:41 AM

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
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