NOT LISTED FOR SALE

10209 Hillhaven Ave Tujunga, CA 91042

8 Beds
8 Baths
16,012 Sq Ft
0.25 Acres

Last Sold November 27, 2013

Last sale price $3,000,000 $187 Per Sq Ft

111 Days on Market

About This Home

As of November 2013

10 + 1 Newer Luxury Luxury Trophy Units. Absolute Pride Of Ownership. Property built as condominiums for Sale but DRE paperwork and governmental paperwork never completed. Added value as conversion to luxury condominiums. Excellent unit mix mainly of 3BR/3BA Townhomes of huge size. Building square footage per assessor 16,012 square feet. Current rents substantially Below Market. Huge upside through rent increases or conversion. Cash cow opportunity through corrective management. Buyer to confirm number of water meters and all information. Contact listing agent for complete marketing package or see attached supplement. Submit offer!

Last Agent to Sell the Property

Michael Gourdikian

Pacific West Realty Inv. License #01015826 Listed on: 06/25/2013

Last Buyer's Agent

Michael Gourdikian

Pacific West Realty Inv. License #01015826 Listed on: 06/25/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls

Parking

  • 25 Car Garage

Home Design

  • 16,012 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 1012
  • Assessor Parcel Number 2565012051

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $17,755
  • Net Operating Income $145,946

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

0

Parking

25

Listing Details

  • CapRate: 4.17
  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 2565012051
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 187.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 25.00
  • Total Parking Spaces: 25.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 17755.00
  • Gross Multiplier: 16.42
  • Gross Scheduled Income: 213060.00
  • Insurance Expense: 1.00
  • Lot Size Area: 10890.0000 Square Feet
  • Maintenance Expense: 1.00
  • Net Operating Income: 145946.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 60722.00
  • Operating Expense Percent: 28.50
  • Other Income Description: non-conforming unit
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 49
  • Tax Tract Number: 1012
  • Tax Year: 2012

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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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
11/27/2013 11/27/13 Sold $3,000,000 -14.3% $187 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $3,500,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michael Gourdikian

    Pacific West Realty Inv.

    (626) 355-4020

    Michael Gourdikian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13122446

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Tujunga 91042

10209 Hillhaven Ave, Tujunga, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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