Back to Search
1623 Victory Blvd
Off-Market Call for Pricing
Call for Pricing
- 20 Units
- 13,786 Sq Ft
- 11,765 Sq Ft
- Unknown Cap Rate
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.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,175,000 |
| Property Type | Multi-Family |
| Usable Sqft | 13,786 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | May 23, 2025 |
| Sold Price | 4,950,000 |
| APN # | 5626017034 |
| MLS # | 25496797 |
| Property ID | 292815608 |
| Lot Sqft | 11,765 |
| Zoning | GLC3YY |
| Total Units | 20 |
| Date Updated | May 25, 2025 |
| Date Created | February 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,924 | $37,800 |
| Unit #2 | 2 | 2.00 | $2,650 | $5,300 |
| Gross Income (Yr) | $ 504,312 |
| Operating Expenses | $ 178,080 |
| Net Income (Yr) | $ 311,103 |
| Cap Rate | 6.01% |
Listing Provided By
Michael Sterman an agent of . Lic #01911703
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of May 25, 2025 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT