NOT LISTED FOR SALE
14 Beds
14 Baths
7,864 Sq Ft
7,863 Sq Ft Lot

Last Sold July 07, 2017

Last sale price $2,437,500 $310 Per Sq Ft

12 Days on Market

Highlights

  • Tandem Parking
  • Ulysses S. Grant Senior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of July 2017

We are pleased to present an eight-unit multifamily property in the desirable Valley Glen neighborhood of North Hollywood, California. With Valley Village just a 0.5 miles south and the NoHo Arts District only 1.5 miles east of the property, tenants enjoy convenient access to several trendy boutiques and restaurants. Valley College is just one mile west along Oxnard Street, while tenants can easily access the 170, 101, and 134 Freeways, with a freeway onramp located just one block away.Consisting up of two (2) one bedroom/ one bathroom and six (6) two bedroom/ two bathroom units. The property features gated tuck under parking in the rear, laundry on- site, and a vacant, small office unit that can be utilized by the new owner. Built in 1984, the building is not restricted by Los Angeles rent-control ordinances. Existing rents sit approximately 17 percent below the market level, allowing a new investor the chance to quickly improve the investment's cash flow.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 05/01/2017

Last Buyer's Agent

Reza Ghobadi

License #01780045

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 7,863

Interior Spaces

  • 7,864 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Parking

  • 16 Parking Spaces
  • Tandem Parking

Additional Features

  • 7,863 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 2333-013-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7864
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 14.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 304.55

Exterior Features

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

Garage/Parking

  • Parking Garage: Tandem
  • Total Parking: 16

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 2333-013-031
  • Geocode Override: No
  • Lot Size Area: 7863

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 15.55
  • Number Of Units: 8
  • Total Annual Expense: 46266
  • Type Of Units: APTS
  • Vacancy Rate: 3%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $2,437,500 +1.8% $310 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $2,395,000 -- $305 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-226418

The MLS