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$2,220,000

Beds
3
Baths
3.0
sq ft
2,624

15477 Victory Blvd, Van Nuys, CA 91406

15477 Victory Blvd

Van Nuys, CA 91406

  • 1 day on market
Exceptional Investment Opportunity: Two Adjacent Properties in Prime Van Nuys Location.Presenting a rare opportunity to acquire two adjacent properties in the heart of Van Nuys, offering approximately 15,000 square feet of land each, for a combined total of 30,000 square feet. Located at 15477 Victory Blvd, Van Nuys, CA 91406, these properties are perfectly positioned for developers, builders, and investors looking to capitalize on a rapidly growing area.The larger of the two parcels is already approved for a state-licensed 99-child school, providing immediate development potential for educational facilities. Alternatively, these properties are ideally suited for multi-family residential developmentperfect for apartment complexes, townhomes, or other commercial ventures. With existing structures totaling 2,624 square feet, there is plenty of room for creative development.This prime location offers unparalleled convenience, with easy access to major highways, public transit, and a wealth of nearby shopping centers and dining options. Its high-demand position makes it an ideal spot for future residents or businesses, ensuring strong potential for long-term growth and profitability.Opportunities like this don't come around often in Van Nuys, a community that continues to appreciate in value. Whether you're interested in building a school, developing residential units, or pursuing other commercial projects, this is a prime investment in one of Los Angeles' most sought-after areas.Contact us today to learn more about this exceptional opportunitythis rare investment won't last long!

Details

Property type

Single Family Residence

Est. home value

$1,418,854

Lot size

0.3426 acres

Price per sq ft

$847

Year built

1948

HOA

No

Price History

11/08/2024
CLAW

CLAW #24462037

Listed
$2,220,000
+73.44%
08/27/2021
CRMLS

CRMLS #CV21149323

Sold
$1,280,000

Schools & Community

Neighborhood: 

Van Nuys

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,328,653
Asking price
$2,220,000
Closing costs (~8% of asking)
-$177,600
Est. remaining loan balance
-$713,747
Cash to seller
$1,328,653

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Equity Prime Mortgage Llc

Loan start date

July 2021

Original loan amount

$768,000

Est. remaining balance

$713,747

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Astghik Harutyunyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 8:10 AM

Listing updated: 11/12/2024 at 8:35 PM

Listed by: Gevorg Sahakyan, Keller Williams Studio City Phone #: (818) 432-1500

MLS: CLAW #24462037

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