NOT LISTED FOR SALE

10209 Hillhaven Ave Tujunga, CA 91042

Tujunga Area
8 Beds
8 Baths
16,012 Sq Ft
0.25 Acre Lot

Sale Details

Date 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 10,890 Sq Ft 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

0.25 Acres

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

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
Mar 21, 2017
Sold by
Bought by

Purchase Details

Listed on
Jun 25, 2013
Closed on
Nov 12, 2013
Sold by
Bought by
Seller's Agent
Michael Gourdikian
Pacific West Realty Inv.
Buyer's Agent
Michael Gourdikian
Pacific West Realty Inv.
List Price
$3,500,000
Sold Price
$3,000,000
Premium/Discount to List
-$500,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2006
Sold by
Bought by

Purchase Details

Closed on
May 18, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 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
$300,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 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
$472,500
Interest Rate
5.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 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
$472,500
Interest Rate
5.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Tujunga, CA

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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
$4,160,000 Orange Coast Title Co Socal
$3,000,000 Fidelity National Title Co
-- Chicago Title
$415,023 Accommodation
$2,074,907 Accommodation
-- None Available
-- Accommodation
-- Accommodation
-- Accommodation
-- Accommodation
-- --
-- Gateway Title Company
$870,000 Gateway Title Company
-- Commonwealth Land Title Co
-- Commonwealth Land Title Co
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 $1,000,000
Closed $1,000,000
Previous Owner $1,850,000
Previous Owner $1,625,000
Previous Owner $1,800,000
Previous Owner $400,000
Previous Owner $2,250,000
Previous Owner $2,900,000
Previous Owner $300,000
Previous Owner $472,500
Previous Owner $100,000
Previous Owner $25,000
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
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

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 $59,524 $4,828,034 $1,926,571 $2,901,463
2024 $58,716 $4,733,368 $1,888,796 $2,844,572
2023 $57,589 $4,640,558 $1,851,761 $2,788,797
2022 $54,935 $4,549,567 $1,815,452 $2,734,115
2021 $54,206 $4,460,360 $1,779,855 $2,680,505
2019 $52,594 $4,328,064 $1,727,064 $2,601,000
2018 $52,360 $4,243,200 $1,693,200 $2,550,000
2016 $38,346 $3,106,603 $1,967,515 $1,139,088
2015 $37,795 $3,059,940 $1,937,962 $1,121,978
2014 -- $3,000,000 $1,900,000 $1,100,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13122446

California Regional Multiple Listing Service (CRMLS)
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