15047 Victory Boulevard, Van Nuys

$899,000

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4

Beds

2

Baths

0.14

Acres

About 15047 Victory Boulevard

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!

Features of 15047 Victory Boulevard

MLS® # BB24115647
Price $899,000
Bedrooms 4
Bathrooms 2.00
Acres 0.14
Year Built 1948
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 15047 Victory Boulevard
Area VN - Van Nuys
City Van Nuys
County Los Angeles
Zip Code 91411

Amenities

Parking Spaces 7
Parking Garage, Gated, Off Site
# of Garages 3
Garages Garage, Gated, Off Site
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Appliances Dishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Lot Description Landscaped, Street Level, Value In Land

Additional Information

Date Listed July 10th, 2024
Days on Market 6
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentElizabeth Maddox
OfficeMyunits.com Inc.

Listing Map

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