14005 Victory Boulevard, Van Nuys, California 91401, Van Nuys, 91401 - bed, bath
ACTIVE$1,999,999
14005 Victory Boulevard, Van Nuys, California 91401
0Bed
0Bath
2,060Sqft
6,913Lot
Price Vs. Estimate
The estimated value ($1,999,999) is $0 (0%) lower than the list price ($1,999,999). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Development Potential: The property consists of two contiguous RD1.5 lots, offering excellent potential for multi-unit residential development in a desirable area.
Top Cons:
Age and Condition of Structures: The existing buildings, constructed in 1945 and 1942, are very old and likely require significant capital investment for renovation or demolition, as the property is sold for land value.
Compared to the nearby listings
Price:$2.00M vs avg $1.30M (+$699,999)83%
Size:2,060 sqft vs avg 1,959 sqft55%
Price/sqft:$971 vs avg $70091%
More Insights
Built in 1945 (80 years old).
Condition: The properties were built in 1945 and 1942, making them over 75 years old. The MLS description explicitly states they are 'being sold for land value,' indicating the existing structures hold minimal worth. The AI-generated analysis further confirms that the buildings are 'very old and likely require significant capital investment for renovation or demolition' and are 'not immediately suitable for modern living.' The exterior images show neglected landscaping and older homes, with no interior photos to suggest any recent significant renovations. All these factors strongly suggest the structures are beyond repair and the property's value is based solely on the land for redevelopment.
Year Built
1945
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$971
HOA
-
Days on market
-
Sold On
-
MLS number
SR25220541
Home ConditionTear down
Features
Good View:
View-
About this home
We are proud to represent these two contiguous RD1.5 Lots in Valley Glen. They are being sold for land value. The property was built in 1945 and consists of 3 bedrooms and 1 bathroom. With a lot size of 6,913 square feet, the property has a total of 1,132 rentable square feet. The other, built in 1942, consists of 2 bedrooms and 1 bathroom. Together, they sit on an 11,913 square foot lot and have a total of 2,060 rentable square feet. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
Condition Rating
Tear down
The properties were built in 1945 and 1942, making them over 75 years old. The MLS description explicitly states they are 'being sold for land value,' indicating the existing structures hold minimal worth. The AI-generated analysis further confirms that the buildings are 'very old and likely require significant capital investment for renovation or demolition' and are 'not immediately suitable for modern living.' The exterior images show neglected landscaping and older homes, with no interior photos to suggest any recent significant renovations. All these factors strongly suggest the structures are beyond repair and the property's value is based solely on the land for redevelopment.
Pros & Cons
Pros
Significant Development Potential: The property consists of two contiguous RD1.5 lots, offering excellent potential for multi-unit residential development in a desirable area.
Large Combined Lot Size: With a total of 11,913 square feet, the combined lots provide ample space for a substantial redevelopment project.
Prime Location & Accessibility: Strategically located in Van Nuys with close access to major freeways (405, 101, 170), Ventura Blvd amenities, and Metro Link transportation, enhancing future property value and tenant appeal.
Existing Structures for Interim Use: Two separate residential units (3 bed/1 bath and 2 bed/1 bath) could potentially generate interim rental income while development plans are being finalized.
Recent Price Adjustment: The recent price reduction from $2.1M to $1,999,999 may present a more attractive entry point for investors and developers.
Cons
Age and Condition of Structures: The existing buildings, constructed in 1945 and 1942, are very old and likely require significant capital investment for renovation or demolition, as the property is sold for land value.
Sold for Land Value: The explicit marketing as 'sold for land value' indicates that the existing improvements contribute minimally to the property's overall worth, necessitating a development-focused approach.
Immediate Livability Concerns: Given the age and 'land value' focus, the current structures may not be immediately suitable for modern living or long-term tenancy without substantial upgrades, impacting immediate cash flow if not redeveloped.