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15047 Victory Blvd, Van Nuys

50% Vacant Duplex on a 6,301 sq ft LAR3 Lot

50% vacant duplex located within walking distance of Sepulveda & Victory's trendy hot spots! These large units (over 1,000 sqft each) are 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.

The Important
Details

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# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

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$899,000

Duplex

Pre-Market

2

1948

4.34%

15.61

$57,600/Year

2,184 sqft

6,301 sqft

$411.63

$449,500

2x 2b/1b

Yes

8 Exterior Spaces

50% Vacant, ADU Potential

The Highlights

  • One unit delivered VACANT (owners unit) at close. Ideal a light"fix and flip" or hold and cash flow investment!

  • Amazing development opportunity!!! LAR3 6,301 sqft lot.

  • Victory Blvd is experiencing a huge development boom. If you drive down Victory you’ll see new constructions everywhere you look!

  • Excellent location a few blocks from Target, Costco, Wells Fargo, LA Fitness, Petco, Staples, and countless other local conveniences on Sepulveda Blvd.

  • The existing duplex has a phenomenal current cap rate of 4.34%.

  • Tenants are paying close to market rent.

  • This would be an excellent buy and hold or fix and flip opportunity! The property has 2 very spacious, 2b/1b units with ample parking.

  • The curb appeal is outstanding. Tucked behind lush landscaping, this impressive duplex looks beautiful as is!

  • Best price per SF of any duplex on market in the area!

  • Both units have private laundry rooms.

The Neighborhood

<15-Minute Walk

Sepulveda Basin Recreation Area, Target, Sherman Oaks Castle Park, Los Amigos Grill, Crème Caramel LA, El Katracho, La Fogata, Sherman Oaks Adult Center, Sherman Oaks Hospital, Los Angeles Fire Dept

<15-Minute Drive

Blu Jam Cafe, Pavilions,Marmalade Cafe, Tipsy Cow, Anejo Cantina, The City Golf,Buffalo Wild Wings,Starbucks, Mr. Furley's Bar, House of Billiards, Mr. Furley's Bar, Anajak Thai Cuisine, Ultrazone Laser Tag

<$15 Uber Ride

Blu Jam Cafe, Pavilions,Marmalade Cafe, Tipsy Cow, Anejo Cantina, The City Golf,Buffalo Wild Wings,Starbucks, Mr. Furley's Bar, House of Billiards, Mr. Furley's Bar, Anajak Thai Cuisine, Ultrazone Laser Tag

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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