Sold
16021 Victory
16021 Victory Blvd, Van Nuys, CA 91406Description
ONE OF A KIND: Los Angeles residential 4-Plex multifamily sale turned into a 6 Unit commercial sale!
SOLD FOR $1,610,000
• Tiao Properties helped client purchase this residential income property right before COVID-19 pandemic for $910K as a 4-plex
• Buyer doubled gross income after converting garage space into 2 ADUs
• Sold fully occupied with 4 below market tenants in place under rent control
• Tiao Properties facilitated a sale at a 4.99 cap rate in a difficult, changing market by identifying a 1031 exchange buyer
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 4812 Sq Ft
- Lot Size: 5912 Sq Ft
- Bedrooms: 9
- Bathrooms: 6
- Year Built: 1954
- Price: $1,610,000
- Number of Units: 6
- Price/Unit: $268,333
- GRM: 16.36
- Price/SqFt: $335
- CAP: 4.87
Address
Open on Google Maps- Address 16021 Victory Blvd
- City Van Nuys
- State/county California
- Zip/Postal Code 91406
- Area Lake Balboa
