Homes for sale - 1623 Victory BLVD, Glendale, CA 91201

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$6,150,000

Est. payment - /mo

22 Beds

22 Baths

13,786 SqFt

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UPDATED:

02/18/2025 01:32 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,786 sqft

Price per Sqft $446

MLS Listing ID 25496797

Bedrooms 22

HOA Y/N No

Year Built 1963

Lot Size 0.270 Acres

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

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

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Listed by Michael Sterman • Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

1623 Victory BLVD Glendale, CA 91201