NOT LISTED FOR SALE

13807 Oxnard St van Nuys, CA 91401

8 Beds
7 Baths
21,504 Sq Ft
28,314 Sq Ft

Last Sold November 30, 2018

Last sale price $5,325,000 $248 Per Sq Ft

14 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-
  • 0.65 Acre Lot
  • Detached Carport Space

About This Home

As of November 2018

The offering is a twenty five (25) multifamily property located in Valley Glen. The building has an excellent unit mix with extensive renovations. A great opportunity for an astute investor to acquire a professionally managed and well maintained building with huge rental upside. Contact listing agent for complete marketing package.

Last Agent to Sell the Property

Francis Gonzaga

Francis Gonzaga License #01228400 Listed on: 08/21/2018

Last Buyer's Agent

Ed Koenig

Ed Koenig IRE License #00831815

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.65 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • 21,504 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Parking

  • Detached Carport Space
  • Parking Available
  • Gated Parking
  • Parking Lot
  • Controlled Entrance

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 72
  • Tax Tract Number 1000
  • Assessor Parcel Number 2239022001

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 25 Units
  • Valley

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 25 Leased Units
  • Rent Control
  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • Insurance Expense $5,000
  • Professional Management Expense $20,000
  • Trash Expense $11,000
  • Water Sewer Expense $11,000
  • New Taxes Expense $70,000
  • Operating Expense $161,285
  • Gross Income $409,536
  • Net Operating Income $245,044

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.65 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 4.38
  • Professional Management Expense: 20000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 11000.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2239022001
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 247.63

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Controlled Entrance, Covered, Gated, Parking Space

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 11000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 28314.00
  • Lot Size Acres: 0.6500

Multi Family

  • Gross Income: 409536.00
  • Gross Multiplier: 13.37
  • Gross Operating Income: 406329.00
  • Gross Scheduled Income: 418896.00
  • Insurance Expense: 5000.00
  • Laundry Income: 3000.00
  • Lot Size Area: 28314.0000 Square Feet
  • Net Operating Income: 245044.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Units Leased: 25
  • Number Of Units Total: 25
  • Operating Expense: 161285.00
  • Operating Expense Percent: 38.50
  • Rent Control: Yes
  • Total Actual Rent: 33878.00
  • Total Expenses: 161285.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 70000.00
  • Tax Census Tract: 1286.01
  • Tax Lot: 72
  • Tax Tract Number: 1000
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2018 11/30/18 Sold $5,325,000 -4.9% $248 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
08/21/2018 08/21/18 For Sale $5,600,000 +23.1% $260 / Sq Ft
05/21/2015 05/21/15 Sold $4,550,000 -5.1% $212 / Sq Ft View Prior Sale
02/20/2015 02/20/15 Pending -- -- --
11/21/2014 11/21/14 For Sale $4,797,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $73,320 $5,940,134 $3,346,555 $2,593,579
2024 $73,320 $5,823,662 $3,280,937 $2,542,725
2023 $71,933 $5,709,473 $3,216,605 $2,492,868
2022 $68,666 $5,597,524 $3,153,535 $2,443,989
2021 $67,756 $5,487,769 $3,091,701 $2,396,068
2019 $65,774 $5,325,000 $3,000,000 $2,325,000
2018 $60,300 $4,806,009 $2,883,605 $1,922,404
2016 $57,459 $4,619,387 $2,771,632 $1,847,755
2015 $7,906 $461,627 $135,239 $326,388
2014 -- $452,585 $132,590 $319,995
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18203734

California Regional Multiple Listing Service (CRMLS)
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