Active
1623 Victory Boulevard
Glendale CA, 91201
$6,150,000
$446.10 per sqft
Active
22 Beds
22 Baths
13,786 sqft
Residential
Built in 1963
Listed by Michael Sterman with Marcus & Millichap 818-212-2784
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.
25496797
MLSⓇ ID
February 10, 2025
Listed
February 19, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
22
Total Bathrooms
22
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.27 Acres
Other Property Details
Area Name
626 - Glendale-Northwest
Days on Market
8
Garage
No
Parking
Covered
Parking Total
18
View
No
County
Los Angeles
Pool
No
Zoning
GLC3YY
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/19/2025 at 10:44 AM UTC