NOT LISTED FOR SALE

10119 Commerce Ave Tujunga, CA 91042

Tujunga Area
8 Beds
7 Baths
894 Sq Ft
1989 Built

Sale Details

Date Sold: August 17, 2012

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

44 Days on Market

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

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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 in Kitchen
  • Dryer
  • Washer

Listing and Financial Details

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

Community Details

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

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

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.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,795,000
Outstanding Balance
$1,401,763
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,795,000
Outstanding Balance
$1,401,763
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
6.95%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Chicago Title
$3,400,000 Chicago Title Company
-- None Available
$2,512,500 Lawyers Title Company
$2,125,000 First American Title Co
$1,340,000 Chicago
$845,000 South Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,795,000
Previous Owner $1,600,000
Previous Owner $1,312,500
Previous Owner $350,000
Previous Owner $100,000
Previous Owner $1,820,000
Previous Owner $1,820,000
Previous Owner $940,000
Previous Owner $84,500
Previous Owner $633,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $48,918 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12049219

California Regional Multiple Listing Service (CRMLS)
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