Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16611 Victory Blvd Van Nuys, CA 91406-5617

    • Apartment buildings
    • 38,317 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7791412
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Van Nuys Appliance Repair Service / Washer & Dryer Repair Service / Appliance Repair Service
    • Light It Up La / Rental
    • Two Brothers Home Services / Air Duct Cleaning Service / Air Conditioning Contractor
    • LuxeGrande / Watch Store

    Property Details for 16611 Victory Blvd

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    38,317 SF
    Zone code
    LAR4
    Property type
    Apartment buildings
    APN
    2231-010-050
    APU
    2231010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,134,000
      Market price range: $975k - $2.45M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.495
    Latitude
    34.1869
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $61,331
    $262,058
    $4,524,422
    $4,786,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      0.45 Acres

      15755 Saticoy St

      APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
      15755 Saticoy St, Van Nuys, CA 91406-3121
      View Details
    • Value Estimation
      $830,000
      38,317 SF

      16551 Victory Blvd

      APARTMENT HOUSE (5+ UNITS) • 38,317 SF
      16551 Victory Blvd, Van Nuys, CA 91406-5662
      View Details
    • Value Estimation
      $300,000
      5,058 SF

      16423 Victory Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,058 SF
      16423 Victory Blvd, Van Nuys, CA 91406-5840
      View Details
    • Value Estimation
      $270,000
      5,058 SF

      16429 Victory Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,058 SF
      16429 Victory Blvd, Van Nuys, CA 91406-5842
      View Details
    • Value Estimation
      $385,000
      9,734 SF

      6456 Woodley Ave

      APARTMENT HOUSE (5+ UNITS) • 9,734 SF
      6456 Woodley Ave, Van Nuys, CA 91406-6489
      View Details
    • Value Estimation
      $440,000
      8,094 SF

      6428 Woodley Ave

      APARTMENT HOUSE (5+ UNITS) • 8,094 SF
      6428 Woodley Ave, Van Nuys, CA 91406-6511
      View Details

    Similar Nearby for Sale

    • $5,975,000

      24-Unit Multifamily Property in Los Angeles

      24 units, upgraded electric, high traffic, easy to rent.
      15445 Vanowen St, Los Angeles, CA 91406
      View Details
    • $399,999

      Condo Near Lake Balboa

      Stylish 2 bed, 2 bath condo near Lake Balboa.
      7035 Woodley Ave, Van Nuys, CA 91406
      View Details
    • $399,000

      Lake Balboa Tri-Level Townhome

      Tri-level townhome with two primary suites and direct-access garage.
      7045 Woodley Ave, Van Nuys, CA 91406
      View Details
    • $395,000

      Updated Top-Floor Unit with Balcony

      Spacious 2 bed, 2 bath unit with modern updates.
      8020 Langdon Ave, Van Nuys, CA 91406
      View Details
    • $2,695,000
      5,858 SF

      Modern Lake Balboa Income Property

      Two-building complex featuring four units with high-end finishes.
      6845 Haskell Ave, Van Nuys, CA 91406
      View Details
    • $615,000

      Van Nuys Duplex with Upside

      Fully-leased duplex in Van Nuys with below-market rents.
      16021 Olympiad Dr, Los Angeles, CA 91406
      View Details

    Similar Nearby for Lease

    • $3,050 /Mo
      1,252 SF

      New Modern Apartments in Van Nuys

      New 4-unit apartment community with modern amenities and convenient location.
      17610 Sherman Way, Van Nuys, CA 91406
      View Details
    • $1.69 SF/Yr
      15,365 SF

      Warehouse/Distribution Space Available

      Exceptional warehouse and distribution space with secured parking.
      6711 Odessa Ave, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      1,499 SF

      Move-in Ready Office Space

      Second floor office space with window offices and kitchenette.
      16600 Sherman Way, Van Nuys, CA 91406
      View Details
    • $1.79 SF/Yr
      2,600 SF

      Van Nuys Warehouse Space Available

      Warehouse space near Van Nuys Airport with new roof.
      7647 Hayvenhurst Ave, Van Nuys, CA 91406
      View Details
    • $1.55 SF/Yr
      17,330 SF

      Van Nuys Warehouse with Yard

      Warehouse with secure, fenced yard adjacent to Van Nuys Airport.
      15958 Arminta St, Los Angeles, CA 91406
      View Details
    • $1.85 SF/Yr
      1,111 SF

      Van Nuys Industrial Space

      Industrial and manufacturing space for lease in Van Nuys.
      15406 Cabrito Rd, Van Nuys, CA 91406
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16611 Victory Blvd
    Van Nuys, CA 91406-5617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.