Seller's Agent in 2019
Poupee Komenkul
Rodeo Realty
(818) 482-0085
5 in this area
141 Total Sales
ATTN BUILDERS! DEVELOPERS! RD 1.5 zoning, Massive lot over 13,000 sqft & HUGE frontage of 100 FEET! Build 8 units!
Situated in the desirable Valley Glen neighborhood with close proximity to public schools, shopping, Sherman Oaks, Valley College, and the 170, 405 & 101 Freeways - allowing residents easy access to the Valley & Los Angeles. Partnership is dissolving thus property is being sold. One partner has plans to build 8 unit premier development consisting of 8 BRAND NEW luxury Townhomes with 3 bedrooms, 3.5 baths, double attached garage at 1560 sqft each, survey is complete too, partner will turn those over to new buyer. Front photo is a rendering of the new project. Upon completion of development, you have two options, keep property for cash flow - Market Projected rents for each complete unit are $3000-$3200 per unit, thats a 5.5 CAP at $4 Million for a brand new development! Option 2: SMALL LOT DEVELOPMENT subdivision, once the property is built, sell each unit separately for approximately $600K-$625 each, sell out would be $4.8M! Current use is SFR, approximately 3350 sqft with 3 units, bringing in an income of approximately $4000 per month. This is the deal you have been looking for so don't delay! DRIVE BY ONLY, NO SIGN, DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
Rodeo Realty License #01060862 Listed on: 03/10/2019
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2019 04/05/19 | Sold | $1,000,000 | -8.7% | $444 / Sq Ft | |
| 03/13/2019 03/13/19 | Pending | -- | -- | -- | |
| 03/10/2019 03/10/19 | For Sale | $1,095,000 | +160.7% | $487 / Sq Ft | |
| 09/10/2013 09/10/13 | Sold | $420,000 | +5.0% | $187 / Sq Ft | View Prior Sale |
| 01/16/2013 01/16/13 | Pending | -- | -- | -- | |
| 01/09/2013 01/09/13 | For Sale | $400,000 | -- | $178 / Sq Ft |
| 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 | $14,256 | $3,251,259 | $1,171,292 | $2,079,967 |
| 2024 | $14,256 | $1,148,326 | $1,148,326 | -- |
| 2023 | $13,982 | $1,125,810 | $1,125,810 | $0 |
| 2022 | $13,339 | $1,103,736 | $1,103,736 | $0 |
| 2021 | $13,192 | $1,082,095 | $1,082,095 | $0 |
| 2019 | $9,585 | $763,653 | $457,776 | $305,877 |
| 2018 | $9,476 | $748,680 | $448,800 | $299,880 |
| 2016 | $5,174 | $393,501 | $157,400 | $236,101 |
| 2015 | $5,104 | $387,591 | $155,036 | $232,555 |
| 2014 | $5,430 | $380,000 | $152,000 | $228,000 |
Seller's Agent in 2019
Poupee Komenkul
Rodeo Realty
(818) 482-0085
5 in this area
141 Total Sales
J
Seller's Agent in 2013
Jamshid Pahlevani
No Firm Affiliation
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19053511
APN: 2329-011-006
Ask me questions while you tour the home.