NOT LISTED FOR SALE

11403 Valley Spring Ln Studio City, CA 91604

11 Beds
1 Bath
8,081 Sq Ft
7,394 Sq Ft Lot

Sale Details

Date Sold: June 3, 2014

Last sale price $2,126,000 $263 Per Sq Ft

30 Days on Market

About This Home

As of June 2014

The subject property is a seven unit apartment building located at 11403 Valley Spring Lane, Studio City, CA 91604. The property has been in the same family since 1964 and this is the first time the property has been on the market for sale. The property was built in 1964. The property is walking distance to restaurants and shops on Tujunga Avenue. The unit mix consists of three one-bedroom/one-bath units, three two-bedroom/one and three quarters-bath units and one two-bedroom/two and a half-bath unit. The two-bedroom/two and a half-bath unit is currently vacant and the unit would be great for an owner/user. Per the Seller, a new roof was put on the building and completed in January 2013. (Buyer to verify) The Gross Income Multiplier is 15.18. PLEASE DO NOT DISTURB THE TENANTS. THEY ARE NOT AWARE THAT THE PROPERTY IS FOR SALE. ALL SHOWINGS THROUGH THE LISTING AGENT. Please note: The Buyer to do their own investigations about the total number of parking spaces.

Last Agent to Sell the Property

Earle Hyman

Marcus & Millichap License #00803521 Listed on: 03/06/2014

Last Buyer's Agent

Jacob Hall

Brahman Property License #01912272

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,394 Sq Ft Lot

Interior Spaces

  • 8,081 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 1 Bathroom

Parking

  • 5 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 2365-030-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,394 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8081
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 1.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 259.87

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 189921
  • Assessed Land Value: 41786
  • Assessor Parcel Number: 2365-030-001
  • Geocode Override: No
  • Lot Size Area: 7394

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.31
  • Number Of Units: 7
  • Rent Control: 100
  • Type Of Units: Apartments

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
Mar 6, 2014
Closed on
Apr 9, 2014
Sold by
Bought by
Seller's Agent
Earle Hyman
Marcus & Millichap
Buyer's Agent
Jacob Hall
Brahman Property
List Price
$2,100,000
Sold Price
$2,126,000
Premium/Discount to List
$26,000
1.24%

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
0.0427%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2013
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
$500,000
Interest Rate
0.0338%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 10, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,126,021 North American Title Co Inc
-- None Available
-- Fidelity National Title Co
-- None Available
-- --
-- --
-- --
-- --
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 $1,590,000
Previous Owner $1,200,000
Previous Owner $500,000
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
06/03/2014 06/03/14 Sold $2,126,000 +1.2% $263 / Sq Ft
04/05/2014 04/05/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $2,100,000 -- $260 / Sq Ft
Source: The MLS

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 $32,378 $2,606,177 $1,380,318 $1,225,859
2024 $31,966 $2,555,076 $1,353,253 $1,201,823
2023 $31,357 $2,504,977 $1,326,719 $1,178,258
2022 $29,923 $2,455,860 $1,300,705 $1,155,155
2021 $29,534 $2,407,706 $1,275,201 $1,132,505
2019 $28,675 $2,336,294 $1,237,379 $1,098,915
2018 $28,518 $2,290,485 $1,213,117 $1,077,368
2016 $27,191 $2,201,545 $1,166,011 $1,035,534
2015 $26,801 $2,168,477 $1,148,497 $1,019,980
2014 $3,756 $232,758 $41,975 $190,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-742375

The MLS
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