NOT LISTED FOR SALE

10217 Hillhaven Ave Tujunga, CA 91042

Estimated Value: $276,000

5 Beds
5 Baths
24,399 Sq Ft
$11/Sq Ft Est. Value

Last Sold May 03, 2013

Last sale price $4,745,000 $194 Per Sq Ft

Current estimated payment $1,718/month

27 Days on Market

Highlights

  • Private Pool
  • Gated Parking
  • Wood Flooring
  • Verdugo Hills Senior High School Rated A-
  • 0.5 Acre Lot
  • No HOA

About This Home

As of May 2013

10217-10225 Hillhaven Avenue represents a unique opportunity to own a highly renovated and fully stabilized apartment complex in the ever improving Los Angeles metro area. With 16 two bedroom / two bath units; 10 one bedroom / one bath units and one 2 bedroom / 2.5 bath townhouse (only vacancy in the complex), the unit mix allows for families as well as young professionals alike. During 2012, approximately $100,000 was spent to fully renovate 10 units as well as update and fix several of the remaining 17 units. Significant updates and improvements totaling an additional $60,000 were made throughout the Property.

Last Agent to Sell the Property

Thomas Beadel

HVN Development, Inc License #01363751 Listed on: 02/01/2013

Last Buyer's Agent

Carlos Gonzalez

DealTrade Inc. License #00976287

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • 0.5 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 27 Car Garage
  • Parking Available
  • Gated Parking
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 24,399 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Pool

  • Private Pool
  • Spa

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity, repairs
  • Tax Lot 50
  • Tax Tract Number 1
  • Assessor Parcel Number 2565012052

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 27 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 26 Leased Units
  • 28 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $960
  • Electric Expense $3,900
  • Gardener Expense $780
  • Insurance Expense $7,250
  • Maintenance Expense $14,040
  • Other Expense $2,100
  • Pool Expense $1,440
  • Professional Management Expense $12,310
  • Supplies Expense $1,800
  • Trash Expense $3,300
  • Water Sewer Expense $12,600
  • New Taxes Expense $56,875
  • Gross Income $37,670
  • Net Operating Income $278,910

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0

Parking

27

Listing Details

  • Assessments: No
  • CapRate: 5.50
  • Professional Management Expense: 12310.00
  • Property Attached: Yes
  • Supplies Expense: 1800.00
  • Water Sewer Expenses: 12600.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 2565012052
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 194.48
  • Spa Features: Association

Exterior Features

  • Pool Expense: 1440.00
  • Pool Features: Community
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 27.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Gated
  • Total Parking Spaces: 27.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Laundry Features: Community
  • Trash Expense: 3300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 21778.00
  • Lot Size Acres: 0.5000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Repairs

Multi Family

  • Average1 Bed Area: 715
  • Average2 Bed Area: 1000
  • Cable TV Expense: 960.00
  • Electric Expense: 3900.00
  • Gross Income: 37670.00
  • Gross Multiplier: 11.48
  • Gross Scheduled Income: 443940.00
  • Insurance Expense: 7250.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 21778.0000 Square Feet
  • Maintenance Expense: 14040.00
  • Net Operating Income: 278910.00
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 26
  • Number Of Units Total: 27
  • Number With Dishwasher: 27
  • Number With Disposal: 27
  • Number With Range: 27
  • Operating Expense: 131432.00
  • Other Expense: 2100.00
  • Other Expense Description: adver
  • Rent Control: No
  • Total Actual Rent: 32355.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 56875.00
  • Tax Lot: 50
  • Tax Tract Number: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2013
Closed on
Apr 25, 2013
Sold by
Apb Properties Llc
Bought by
Rar Sierra General Enterprises Group Llc and Ror Everest General Enterprises Group Ll
Seller's Agent
Thomas Beadel
HVN Development, Inc
Buyer's Agent
Carlos Gonzalez
DealTrade Inc.
List Price
$5,100,000
Sold Price
$4,745,000
Premium/Discount to List
-$355,000
-6.96%
Current Estimated Value
$276,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,469,000
Avg. Annual Appreciation
-20.08%
Original Mortgage
$3,435,000
Outstanding Balance
$2,437,344
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$2,161,344

Purchase Details

Closed on
Aug 22, 2012
Sold by
Pacific Interventure Inc
Bought by
Apb Properties Llc

Purchase Details

Closed on
Nov 26, 2002
Sold by
Kim Shijin and Kim Yoonj
Bought by
Pacific Interventure Inc and Prime Investings

Purchase Details

Closed on
May 29, 1996
Sold by
Prime Investings
Bought by
Pacific Interventure Inc and Prime Investings

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Rar Sierra General Enterprises Group Llc $4,735,000 Fidelity National Title Co
Apb Properties Llc $1,841,938 None Available
Pacific Interventure Inc -- --
Pacific Interventure Inc -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rar Sierra General Enterprises Group Llc $3,435,000
Previous Owner Pacific Interventure Inc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2013 05/03/13 Sold $4,745,000 -7.0% $194 / Sq Ft
02/28/2013 02/28/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $5,100,000 -- $209 / 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 $21,225 $1,783,104 $1,783,104 --
2024 $21,225 $1,748,142 $1,748,142 --
2023 $20,808 $1,713,865 $1,713,865 $0
2022 $19,832 $1,680,260 $1,680,260 $0
2021 $19,607 $1,647,314 $1,647,314 $0
2019 $19,017 $1,598,454 $1,598,454 $0
2018 $18,771 $1,567,112 $1,567,112 $0
2016 $18,057 $1,506,260 $1,506,260 $0
2015 $17,790 $1,483,635 $1,483,635 $0
2014 $17,835 $1,454,573 $1,454,573 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13014349

California Regional Multiple Listing Service (CRMLS)

APN: 2565-012-052