NOT LISTED FOR SALE

Estimated Value: $1,106,000 - $1,496,000

5 Beds
5 Baths
4,322 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 15, 2015

Last sale price $725,000 $168 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,043/month

2 Days on Market

Highlights

  • Custom Home
  • Property is near public transit
  • Wood Flooring
  • Van Nuys High School Rated A
  • Cathedral Ceiling
  • Den

About This Home

As of April 2015

A rare opportunity for both an investor and/or owner user to acquire a non rent control multifamily asset in Van Nuys. Four (4) units 1978 construction (2+2, 1+1+Den, 1+1, 1+1). 4,322 s.f. building on a 6,273 s.f. lot. Many attractive amenities including: Extra large and spacious units, six (6) gated parking spaces, gated entrance with intercom, 2+2 was completely remodeled last year, 3/4 units have brand new central a/c and heating, upper 2 units have vaulted ceilings, 2+2 has fireplace, all units have balconies and/or patios, new iron exterior fence, laundry room in the rear. Sharp, curb appealing, custom design. Well located and well maintained. Just West of Woodman Avenue and directly across the street from Ralph's Grocery Store.

Last Agent to Sell the Property

John Mociak

Avenue Realty Group License #01708711 Listed on: 03/02/2015

Last Buyer's Agent

John Mociak

Avenue Realty Group License #01708711 Listed on: 03/02/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,905

Year Built

  • Built in 1978

Lot Details

  • 6,269 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Custom Home
  • Contemporary Architecture
  • Property Attached
  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,322 Sq Ft Home
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Den
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Security

  • Security Lights
  • Intercom
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Septic Type Unknown

Additional Features

  • Accessible Parking
  • Balcony
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 225
  • Tax Tract Number 1000
  • Assessor Parcel Number 2216028023

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $720
  • Insurance Expense $1,243
  • Maintenance Expense $2,600
  • Trash Expense $600
  • Water Sewer Expense $1,866
  • New Taxes Expense $8,845
  • Gross Income $51,060
  • Net Operating Income $31,241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,905

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.31
  • Other Phone Description: Cell
  • Other Phone Number: 310-872-0963
  • Property Attached: Yes
  • Security: Automatic Gate, Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 1866.00
  • Architectural Style: Custom Built, Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2216028023
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Intercom
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 167.75
  • Room Type: Den, Living Room

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Tar/Gravel
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Valley

Lot Info

  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 6269.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 950
  • Average2 Bed Area: 1450
  • Electric Expense: 1500.00
  • Gross Income: 51060.00
  • Gross Multiplier: 14.20
  • Gross Scheduled Income: 51060.00
  • Insurance Expense: 1243.00
  • Lot Size Area: 6269.0000 Square Feet
  • Maintenance Expense: 2600.00
  • Net Operating Income: 31241.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18335.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 4125.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8845.00
  • Tax Area: 13
  • Tax Lot: 225
  • Tax Rate: 1.22
  • Tax Tract Number: 1000
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2015
Closed on
Mar 11, 2015
Sold by
Sauer Josef Stefan
Bought by
Ayvazyan Haik and Ayvazyan Josephine
Seller's Agent
John Mociak
Avenue Realty Group
Buyer's Agent
John Mociak
Avenue Realty Group
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$1,344,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,278
Avg. Annual Appreciation
6.15%
Original Mortgage
$543,750
Outstanding Balance
$419,189
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$925,089
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
Ayvazyan Haik $725,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayvazyan Haik $543,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2015 04/15/15 Sold $725,000 0.0% $168 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $725,000 -- $168 / 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 $10,905 $871,330 $570,873 $300,457
2024 $10,905 $854,246 $559,680 $294,566
2023 $10,702 $837,497 $548,706 $288,791
2022 $10,218 $821,077 $537,948 $283,129
2021 $10,075 $804,978 $527,400 $277,578
2019 $9,782 $781,904 $511,758 $270,146
2018 $9,709 $766,589 $501,724 $264,865
2016 $9,254 $736,055 $482,243 $253,812
2015 $4,540 $340,448 $116,351 $224,097
2014 $4,580 $333,780 $114,072 $219,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15044141

California Regional Multiple Listing Service (CRMLS)

APN: 2216-028-023