1623 Victory Boulevard

Glendale CA 91201

13786 sq. ft.

11765 sq. ft.

Other

Last sold for $4,950,000

Michael Sterman, last sold this property on 23 May 2025 after 101 days on market.

Overview

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.

Features

22 bedrooms

22 bathrooms

18 carspaces

13786 sq. ft. floor area

11765 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 22 bedroom other properties sold in Glendale over the last 12 months.

Property history for 1623 Victory Boulevard

2025

Sold

$4,950,000

23 May 2025 by Michael Sterman, of Marcus & Millichap

Happy sellers in Glendale

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