16021 Victory

  • $1,610,000
Sold Van Nuys, Lake Balboa
16021 Victory Blvd, Van Nuys, CA 91406
  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 4.87
  • Cap Rate
  • 16.36
  • GRM
  • $268,333
  • Price/Unit
Sold
16021 Victory Blvd, Van Nuys, CA 91406
  • $1,610,000

Overview

  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 4.87
  • Cap Rate
  • 16.36
  • GRM
  • $268,333
  • Price/Unit

Description

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 16021 Victory Blvd
  • City Van Nuys
  • State/county California
  • Zip/Postal Code 91406
  • Area Lake Balboa

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