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$ 4,950,000
$ 5,175,000 4.3%
Est. payment | /mo
22 Beds
22 Baths
13,786 SqFt
$ 4,950,000
$ 5,175,000 4.3%
Est. payment | /mo
22 Beds
22 Baths
13,786 SqFt
Key Details
Sold Price $4,950,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 13,786 sqft
Price per Sqft $359
MLS Listing ID 25496797
Sold Date 05/23/25
Bedrooms 22
HOA Y/N No
Year Built 1963
Property Description
We are pleased to present 1623 Victory Blvd, a 20 + 1unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1963,the property consists of (18) one-bedroom + one bathroom units, (1) one-bedroom + one-and-a-half bathroom units and (2) two-bedroom + two-bathroom units. The building is 13,786 gross square feet and sits on a 11,765 square foot lot. 1623 Victory Blvd is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away. Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.1623 Victory Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 6.01% with the ability to improve to a 6.51%CAP rate once units turnover.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLC3YY
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 18
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5626017034
Special Listing Condition Standard
Listed by Michael Sterman Marcus & Millichap
Bought with Michael Sterman Marcus & Millichap
Bought with Michael Sterman Marcus & Millichap