Rachel Krikorian
JohnHart Real Estate
(858) 285-4405
12 Total Sales
2 in Tujunga
$860K - $1.1M Price Range
10427 Commerce Ave Los Angeles, CA 91042
Tujunga Area
2
Beds
1
Bath
5,800
Sq Ft
9,967
Sq Ft Lot
About This Home
As of December 2023Trust sale. Reduced for immediate sale.
6.18 CAP Rate and 11.087 Gross multiplier.
This incredible property comprises 8 units, featuring 8 two-bedroom units with 16 parking spaces.
All units are currently leased, with rents ranging from $1,750.00 to $2,000.00.
Tujunga has recently experienced a lots of migration from Glendale and La Crescenta. This has led to a appreciation in property prices, a trend that has persisted and grown annually.
While numerous new apartment constructions, primarily condominiums, have emerged, the high demand for rentals, coupled with a limited
supply of available units, has driven a notable increase in rental rates, reaching up to 40%.
The property is being sold as trust sale and is not subject to court approval.
Opportunity to build ADU in the back of the lot
Last Agent to Sell the Property
Re/Max Tri-City Realty License #00751703 Listed on: 09/25/2023
Last Buyer's Agent
Re/Max Tri-City Realty License #00751703 Listed on: 09/25/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 9,967 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 385 / 24
- Assessor Parcel Number 2565009081
- $1,272 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,856
- Trash Expense $3,600
- Water Sewer Expense $7,856
- Operating Expense $47,232
- Gross Income $191,736
- Net Operating Income $138,752
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
Listed on
Sep 25, 2023
Closed on
Nov 2, 2023
Sold by
Bought by
Seller's Agent
Arthur Mangassarian
Re/Max Tri-City Realty
Buyer's Agent
Arthur Mangassarian
Re/Max Tri-City Realty
List Price
$2,275,000
Sold Price
$2,175,000
Premium/Discount to List
-$100,000
-4.4%
Views
33
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
Outstanding Balance
$1,170,226
Interest Rate
7.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2013
Sold by
Bought by
Purchase Details
Closed on
May 27, 2008
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
$720,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2007
Sold by
Bought by
Purchase Details
Closed on
Dec 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
$487,500
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
May 5, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 15, 2002
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
$400,000
Interest Rate
6.05%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 21, 1998
Sold by
Bought by
Purchase Details
Closed on
Aug 13, 1998
Sold by
Bought by
Purchase Details
Closed on
Nov 23, 1993
Sold by
Bought by
Purchase Details
Closed on
Oct 19, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Los Angeles, CA
-
Rachel Krikorian
-
Marcille Dilsaver Hughes
Marcille Dilsaver Hughes
BHHS California Properties
(323) 310-4703
40 Total Sales
1 in Tujunga
$765,000 Price
-
Lorraine Cruz
Lorraine Cruz
Compass
(661) 475-6740
48 Total Sales
1 in Tujunga
$535,000 Price
-
Debra Briscoe
Debra Briscoe
Responds QuicklyPinnacle Estate Properties, Inc.
(747) 294-2053
70 Total Sales
1 in Tujunga
$805,000 Price
-
Vahan Avanesyan
Vahan Avanesyan
Pinnacle Estate Properties
(323) 613-3290
44 Total Sales
1 in Tujunga
$1,180,000 Price
-
Stephanie Payab
Stephanie Payab
Responds QuicklyBerkshire Hathaway HomeServices California Properties
(818) 412-8595
52 Total Sales
1 in Tujunga
$825,000 Price
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 |
|---|---|---|---|
| $2,175,000 | Lawyers Title Company | ||
| -- | None Available | ||
| -- | Landsafe Title Of Ca Inc | ||
| -- | None Available | ||
| -- | Fidelity Van Nuys | ||
| $130,500 | Landsafe Title | ||
| $550,000 | Landsafe Title | ||
| -- | Investors Title Company | ||
| $200,000 | Fidelity National Title Ins | ||
| -- | Continental Land Title | ||
| $275,000 | Continental Lawyers 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 | $1,200,000 | ||
| Previous Owner | $1,450,000 | ||
| Previous Owner | -- | ||
| Previous Owner | $720,000 | ||
| Previous Owner | $487,500 | ||
| Previous Owner | $400,000 |
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 |
|---|---|---|---|---|
| 12/07/2023 12/07/23 | Sold | $2,175,000 | -4.4% | $375 / Sq Ft |
| 10/12/2023 10/12/23 | Pending | -- | -- | -- |
| 09/25/2023 09/25/23 | For Sale | $2,275,000 | -- | $392 / 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 | $27,712 | $2,218,500 | $1,530,000 | $688,500 |
| 2024 | $27,376 | $2,175,000 | $1,500,000 | $675,000 |
| 2023 | $20,519 | $1,603,858 | $996,279 | $607,579 |
| 2022 | $19,599 | $1,572,411 | $976,745 | $595,666 |
| 2021 | $19,345 | $1,541,581 | $957,594 | $583,987 |
| 2019 | $18,787 | $1,495,859 | $929,193 | $566,666 |
| 2018 | $18,598 | $1,466,529 | $910,974 | $555,555 |
| 2016 | $16,689 | $1,323,000 | $841,800 | $481,200 |
| 2015 | $16,691 | $1,323,000 | $841,800 | $481,200 |
| 2014 | $13,851 | $1,056,000 | $671,900 | $384,100 |
Source: Public Records
Agents Affiliated with this Home
-
Arthur Mangassarian
Seller's Agent in 2023
Arthur Mangassarian
RE/MAX
(818) 409-0040
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23178970
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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