16643 Victory Boulevard, Lake Balboa, CA 91406

$899,000 Asking Price

3 beds
2 baths
1,216  sqft
Built in 1953

Attention developers and first-time homebuyers! This 3 bedroom, 1 and 3/4 bathroom home, located in a rapidly growing neighborhood, presents an excellent opportunity. For developers looking to expand or rebuild on the large lot, per LA city, the LARD2 zoning can accommodate a total of 4 units. 16647 Victory was sold RTI in July 2023 for $1.075M and is currently being developed into a two-story, four-unit project. For first-time homebuyers, this is a perfect starter home with ADU potential. This rare property offers something for everyone! The expansive backyard provides plenty of space for outdoor living or future expansions. With the neighborhood experiencing growth and increased demand, its a perfect chance for first-time buyers to secure a home in an up-and-coming area. Located near Lake Balboa Park, the Sepulveda Dam Recreation Area, Balboa Orange Line Station, Van Nuys Airport, the Van Nuys Golf Course, and LA Valley College, the neighborhood is also easily accessible to major highways like the 101 and 405. Whether youre looking to invest or settle into your first home, dont miss out on the endless possibilities this property provides!

Features & Amenities

Interior

General:
Granite Counters,Recessed Lighting
Laundry:
Kitchen
Flooring:
Laminate,Tile
A/C:
Central Forced Air
Heating:
Forced Air Unit
Fireplace:
N/K

Exterior

Pool:
None
Parking:
Parking spaces: 5

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
LARD2, 2231010026
View:
N/K

Utilities

Utilities:
Sewer Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Equity Union

About Van Nuys, CA

Housing

Number of Units
62,033
Median Home Value
$629,101
Median Rent
$1,371

67.32% of housing units are renter occupied.

3.95% are vacant.

Commute

Car
63.21%
Public Transportation
5.34%
Walk to Work
1.64%
Work from Home
28.33%
Other
0.75%

The median travel time to work is 27 minutes.

People

Population
171,714
Median Age
36.00
Median Household Size
2.88

Education

High School
21.14%
Associate’s Degree
7.27%
Bachelor’s Degree
22.22%
Graduate Degree
8.86%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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