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$6,150,000
Est. payment /mo
13,786 SqFt
UPDATED:
02/18/2025 02:00 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,786 sqft
Price per Sqft $446
MLS Listing ID CL25496797
HOA Y/N No
Year Built 1963
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Other
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 4.86% with the ability to improve to a 5.31%CAP rate once units turnover.
Location
State CA
County Los Angeles
Zoning GLC3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5626017034
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Listed by Michael Sterman • Marcus & Millichap
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