NOT LISTED FOR SALE

Estimated Value: $931,000 - $5,408,000

9 Beds
6 Baths
13,926 Sq Ft
$294/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $4,950,000 $355 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $27,291/month

Highlights

  • New Construction
  • No HOA
  • Central Heating and Cooling System
  • 0.51 Acre Lot
  • Laundry Room
  • 22 Car Garage

About This Home

As of August 2023

SOLD BEFORE PROCESSING. Bradley 11, A beautiful New Construction 11 Unit Townhouse Style building consisting of 2-, 3-, and 4-bedroom units all with 2 or more bathrooms. Equipped with all stainless-steel modern appliances, open floor plans, and private garages. Located near the new Sylmar Studios a 12 Stage, 300,000 sqft. facility with phase one set to open later this year, 2023. Truly a rare find.

Last Agent to Sell the Property

Ed Koenig

Ed Koenig IRE License #00831815 Listed on: 06/26/2023

Co-Listed By

Gina Uzunyan

Koenig Properties License #00984953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $59,742

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.51 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 22 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 13,926 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 66
  • Tax Tract Number 5909
  • Assessor Parcel Number 2506033039
  • $351 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $9,740
  • Other Expense $12,222
  • Professional Management Expense $12,222
  • Trash Expense $3,500
  • Operating Expense $106,384
  • Gross Income $407,400
  • Net Operating Income $301,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$59,742

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

22

Listing Details

  • Assessments: Yes
  • CapRate: 6.02
  • Price Per Unit: 450000
  • Professional Management Expense: 12222.00
  • Property Attached: Yes
  • View: No
  • Zoning: LAR1
  • New Construction: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2506033039
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 355.45

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 22.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 22.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 22221.00
  • Lot Size Acres: 0.5101

Multi Family

  • Gross Income: 407400.00
  • Gross Multiplier: 12.27
  • Gross Scheduled Income: 407400.00
  • Insurance Expense: 9740.00
  • Lot Size Area: 22221.0000 Square Feet
  • Net Operating Income: 301016.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 11
  • Number Wall A C: 11
  • Number With Dishwasher: 11
  • Number With Disposal: 11
  • Number With Range: 11
  • Number With Refrigerator: 11
  • Operating Expense: 106384.00
  • Other Expense: 12222.00
  • Other Expense Description: Vac Fact
  • Rent Control: No
  • Total Expenses: 106384.00

Tax Info

  • Tax Census Tract: 1070.20
  • Tax Lot: 66
  • Tax Tract Number: 5909
  • TaxOtherAnnualAssessmentAmount: 351.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jul 31, 2023
Sold by
Bradley 11 Llc
Bought by
Kumquat Investments Llc
Seller's Agent
Ed Koenig
Ed Koenig IRE
List Price
$4,950,000
Sold Price
$4,950,000
Views
1
Current Estimated Value
$4,094,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$855,126
Avg. Annual Appreciation
-9.09%
Original Mortgage
$2,970,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2021
Sold by
Bradley Ave Llc
Bought by
Bradley 11 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 27, 2020
Closed on
Oct 14, 2020
Sold by
Bradley Villas Llc
Bought by
Bradley Ave Llc
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$1,390,000
Sold Price
$1,275,000
Premium/Discount to List
-$115,000
-8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.14%

Purchase Details

Listed on
Aug 24, 2019
Closed on
Oct 25, 2019
Sold by
Yellowstone Investments Llc
Bought by
Bradley Villas Llc
Seller's Agent
Andrew Manning
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Andrew Manning
Berkshire Hathaway HomeServices California Properties
List Price
$699,000
Sold Price
$558,000
Premium/Discount to List
-$141,000
-20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
138.65%
Original Mortgage
$334,800
Interest Rate
3.65%

Purchase Details

Listed on
Aug 24, 2019
Closed on
Sep 9, 2019
Sold by
Vanowen Corporation
Bought by
Yellowstone Investments Llc
Seller's Agent
Andrew Manning
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Andrew Manning
Berkshire Hathaway HomeServices California Properties
List Price
$699,000
Sold Price
$558,000
Premium/Discount to List
-$141,000
-20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,800
Interest Rate
3.65%

Purchase Details

Closed on
Apr 21, 2006
Sold by
Lara Jaime Flores
Bought by
Vanowen Corp

Purchase Details

Closed on
Aug 15, 2002
Sold by
Watson Howard W
Bought by
Lara Jaime Flores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7%
Source: Public Records

Range of Values:

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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
Kumquat Investments Llc $4,950,000 Lawyers Title
Bradley 11 Llc $1,175,000 North American Title Company
Bradley Ave Llc $1,275,000 Old Republic Title
Bradley Villas Llc -- Accommodation
Yellowstone Investments Llc $558,000 Old Republic Title Company
Vanowen Corp $690,000 Investors Title Company
Lara Jaime Flores $240,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumquat Investments Llc $2,695,000
Closed Kumquat Investments Llc $2,970,000
Previous Owner Bradley 11 Llc $3,605,000
Previous Owner Bradley 11 Llc $925,000
Previous Owner Yellowstone Investments Llc $334,800
Previous Owner Lara Jaime Flores $12,000
Previous Owner Lara Jaime Flores $281,000
Previous Owner Lara Jaime Flores $192,000
Closed Lara Jaime Flores $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $4,950,000 0.0% $355 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $4,950,000 +288.2% $355 / Sq Ft
10/16/2020 10/16/20 Sold $1,275,000 -8.3% $1,003 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $1,390,000 +149.1% $1,094 / Sq Ft
11/06/2019 11/06/19 Sold $558,000 -20.2% $439 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
08/24/2019 08/24/19 For Sale $699,000 -- $550 / 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 $59,742 $5,049,000 $2,550,000 $2,499,000
2024 $59,742 $4,950,000 $2,500,000 $2,450,000
2023 $14,732 $1,198,500 $1,198,500 $0
2022 $14,046 $1,175,000 $1,175,000 $0
2021 $15,326 $1,275,000 $1,100,000 $175,000
2020 $7,036 $558,000 $446,400 $111,600
2019 $8,559 $700,000 $559,500 $140,500
2018 $6,614 $533,000 $426,000 $107,000
2016 $5,897 $476,600 $381,300 $95,300
2015 $5,898 $476,600 $381,300 $95,300
2014 $5,111 $400,000 $320,000 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23113704

California Regional Multiple Listing Service (CRMLS)

APN: 2506-033-039