19604 Victory Boulevard, Tarzana, California 91335, Tarzana, 91335 - 7 bed, 5 bath
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Tarzana, California 91335
This Dual-Unit Income Property represents a Strong Value Opportunity, listed at $1,450,000—positioned above the $1,274,451 Fair Market Value. While priced at a premium, the asset provides immediate stability with 100% occupancy and a 5.24% Cap Rate. Featuring a 4-bed main house and a 3-bed ADU, the property offers significant rental upside in a high-demand Tarzana location. With a Condition Rating of 3, this is a reliable, income-generating asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 19604 Victory Boulevard Subject | $1,450,000* List Price | 7 | 5 | 2,780 | $458 | - |
A 6830 Bothwell Road Sold | $1,135,000 | 0 | 0 | 2,340 | $485 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a main house and a secondary ADU, both of which are fully occupied and income-producing. Exterior images show updated dual-pane windows and artificial turf, suggesting recent capital improvements. While the original structures are older, the significant price increase since the 2019 sale and the 'move-in ready' tenant status indicate the kitchens, baths, and systems have likely been renovated or well-maintained within the last 5-15 years.
The property features two separate legal dwellings on a single lot—a 4-bedroom main house and a 3-bedroom ADU—offering a versatile investment for multi-generational living or high-yield rental income.
With 100% occupancy and a current 5.24% cap rate, the property generates a reliable net operating income of $75,930 from day one, with a projected pro forma upside of 5.86%.
Situated in a high-demand Tarzana neighborhood near the Warner Center and 101 Freeway, the property benefits from strong professional demographics and proximity to major employment and retail hubs.
Being located on Victory Boulevard, a major thoroughfare, the property is subject to significant street noise and traffic, which may detract from the residential quietude preferred by some tenants.
With two substantial buildings totaling nearly 2,800 square feet on a 6,839 square foot lot, there is minimal private yard or recreational space available for the occupants of either unit.
For Sale!19604 + 19606 Victory Blvd, Tarzana, CA 91335 Excellent opportunity to own a fully occupied, income-producing property in a highly desirable Tarzana location! Property Overview: Two separate buildings on one lot: 19604 Victory Blvd: 4 Beds | 3 Baths | 1,584 sq ft19606 Victory Blvd: 3 Beds | 2 Baths | 1,196 sq ftTotal: 1 Main House + 1 ADU HouseFinancials (Current):Gross Annual Rental Income: $88,200Operating Expenses: $12,270Net Operating Income (NOI): $75,930 Current Cap Rate: 5.24% Vacancy: 0% (both units occupied with stable tenants) Upside Potential: Rental Upside: +10.2%Pro Forma Cap Rate: 5.86% Located in a mature, high-demand neighborhood with excellent access to the 101 Freeway, Warner Center, Ventura Blvd, shopping, parks, and top schools. Strong rental demand and professional demographics make this a solid long-term investment. Ready to generate reliable cash flow from day one! We are open to reasonable offers. Make us your best proposal
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.5 |
| Baths | 5.0 | 4.0 |
| Square foot | 2,780 | 2,853.5 |
| Lot Size | 6,839 | 8,376 |
| Price | $1.45M | $1.81M |
| Price per sq ft | $522 | $668 |
| Built year | 0 | 1962 |
| HOA | $0 | $0 |
| Days on market | 14 | 61 |
Jul 8, 2026
$1,450,000
Initial Listing
Dec 13, 2019
$625,000
Public Record
Jan 12, 2009
$450,000
Public Record
Feb 22, 2008
$354,500
Public Record
Feb 25, 2004
$365,000
Public Record