Description
15047 Victory Boulevard, Van Nuys, CA 91411
The 2-4 Unit Specialists are pleased to present 15047 Victory, 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!
This is an Active listing.
Broker Office Phone Number: 818-859-7242
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 818-859-7242
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Dishwasher
- Refrigerator
- Washer / Dryer
- Garage
Price History
View all +
Date | Price | Variance | Type |
---|---|---|---|
7/10/2024 | $899,000 | - | Listed |
Listing By: Myunits.com Inc. via Data Source: California Regional Multiple Listing Service, Inc