NOT LISTED FOR SALE

10119 Commerce Ave Tujunga, CA 91042

8 Beds
7 Baths
894 Sq Ft
1989 Built

Last Sold August 17, 2012

Last sale price $2,513,500 $2,812 Per Sq Ft

44 Days on Market

Highlights

  • Laundry Room
  • Verdugo Hills Senior High School Rated A-
  • 1-minute walk to Little Landers Park

About This Home

As of August 2012

Condo conversion delivered with tentative map. currently fully leased. 8 - two plus two, 2 - three plus two, and 2- three plus three. This is the nicest building on the best street in Tujunga. Completely rehabed units with crown moldings, new tile - baths and kitchens with granite counters. New carpet, appliances, and fixtures. Laundry in units. Two parking spaces in gated garage, security intercom and camera accessed building. Unit size range from 875 sq ft to 1175 sq ft.

Last Agent to Sell the Property

Lory Considine

Western Financial Group License #01233335 Listed on: 04/18/2012

Co-Listed By

William Thom Stepp

Western Financial Group License #01235065

Last Buyer's Agent

Lory Considine

Western Financial Group License #01233335 Listed on: 04/18/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Parking

  • 24 Car Garage
  • Parking Available
  • Assigned Parking

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 64
  • Tax Tract Number 1012
  • Assessor Parcel Number 2565013061

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Maintenance Expense $4,000
  • Professional Management Expense $5,000
  • Trash Expense $1,500
  • Water Sewer Expense $5,000
  • New Taxes Expense $25,000
  • Gross Income $18,010
  • Net Operating Income $170,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

24

Listing Details

  • CapRate: 6.00
  • Professional Management Expense: 5000.00
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 2565013061
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two

Garage/Parking

  • Garage Spaces: 24.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 24.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Trash Expense: 1500.00

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 18010.00
  • Gross Multiplier: 11.90
  • Gross Scheduled Income: 217200.00
  • Insurance Expense: 4000.00
  • Maintenance Expense: 4000.00
  • Net Operating Income: 170454.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number With Dishwasher: 12
  • Number With Disposal: 12
  • Number With Range: 12
  • Operating Expense: 46746.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Lot: 64
  • Tax Tract Number: 1012.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2012 08/17/12 Sold $2,513,500 -3.3% $2,812 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $2,599,000 -- $2,907 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $48,285 $3,945,986 $2,564,892 $1,381,094
2024 $48,285 $3,868,614 $2,514,600 $1,354,014
2023 $47,364 $3,792,760 $2,465,295 $1,327,465
2022 $45,193 $3,718,393 $2,416,956 $1,301,437
2021 $44,595 $3,645,484 $2,369,565 $1,275,919
2019 $43,277 $3,537,360 $2,299,284 $1,238,076
2018 $43,039 $3,468,000 $2,254,200 $1,213,800
2016 $34,163 $2,756,624 $1,664,377 $1,092,247
2015 $33,674 $2,715,218 $1,639,377 $1,075,841
2014 $33,838 $2,523,905 $1,642,422 $881,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12049219

California Regional Multiple Listing Service (CRMLS)