1623 Victory Boulevard, Glendale, CA 91201
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Listed Price :
$6,150,000
-
Beds :
22
-
Baths :
22
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Property Size :
13,786 sqft
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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 4.86% with the ability to improve to a 5.31%CAP rate once units turnover.
Interior Features
| Bedroom Information |
| Bedrooms |
22 |
| Bathroom Information |
| Bathrooms |
22 |
Listing Information
| Address |
1623 Victory Boulevard |
| City |
Glendale |
| State |
CA |
| Zip |
91201 |
| County |
Los Angeles |
| Listing Agent |
Michael Sterman DRE #01911703 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$6,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
13,786 |
| Lot Size |
11,765 |
| Year Built |
1963 |
Listing information courtesy of: Michael Sterman, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 11th, 2025 at 12:45 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
