NOT LISTED FOR SALE

13807 Oxnard St Van Nuys, CA 91401

Van Nuys Area
8 Beds
7 Baths
21,504 Sq Ft
0.65 Acre Lot

Sale Details

Date Sold: November 30, 2018

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

14 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • Detached Carport Space
  • Erwin Street Elementary School Rated 9+
  • 0.65 Acre Lot
  • Controlled Entrance

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

Koenig Properties License #00831815

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 28,314 Sq Ft 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 in unit

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
0.048%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,760,000
Interest Rate
0.0363%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2014
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,325,000 California Title Company
$4,550,000 North American Title Co Inc
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $36,135,000
Previous Owner $3,300,000
Previous Owner $2,760,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $74,327 $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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