$1,229,000

Estimated payment $8,179/month

Total Views 2,029
9 Beds
4 Baths
2,756 Sq Ft
$446 Price per Sq Ft

Highlights

  • No Units Above
  • No HOA
  • 8 Car Garage
  • Van Nuys High School Rated A
  • Laundry Room
  • Bike Trail

About This Home

This well-maintained four-unit multi-family building is situated in the heart of the San Fernando Valley. Built in 1948, this residential income property spans approximately 2,756 sq. ft. on a 7,527 sq. ft. lot. It comprises three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, offering significant rental upside potential. Recent Upgrades to the building include newer paint, roof, windows, and driveway. Each unit is individually metered for gas and electricity and features its own water heater. There is on-site garage parking available for each unit, totaling eight spaces.Located in East Van Nuys, the property benefits from its proximity to essential amenities and transportation options. It is within walking distance to grocery stores, restaurants, and public transit lines, enhancing its appeal to its tenants. Sherman Way, a major east-west thoroughfare, runs through Van Nuys and offers convenient access to various parts of the city. Ralphs Supermarket and Norms Restaurant are just half a block away, offering convenient shopping and dining options. This property presents a compelling opportunity for investors seeking a well-located, income-generating asset with potential for rental growth in a vibrant and accessible neighborhood.

Listing Agent

Stacie Hatfield

Coldwell Banker Res. Brokerage Brokerage Phone: 949-702-0267 License #01988835 Listed on: 05/20/2025

Coldwell Banker Res. Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,465

Year Built

  • Built in 1948

Lot Details

  • 7,530 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Side Facing Garage
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2,756 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 225
  • Tax Tract Number 1000
  • Assessor Parcel Number 2216032014
  • $581 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,465

Year Built

Built in 1948

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 307250
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2216032014
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Entry Level: 1
  • Price Per Square Foot: 445.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Side
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7530.00
  • Lot Size Acres: 0.1729

Multi Family

  • Lot Size Area: 7530.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1279.20
  • Tax Lot: 225
  • Tax Tract Number: 1000
  • TaxOtherAnnualAssessmentAmount: 581.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $16,465 $1,324,000 $794,000 $530,000
2023 $11,812 $936,360 $561,816 $374,544
2022 $11,274 $918,000 $550,800 $367,200
2021 $11,130 $900,000 $540,000 $360,000
2020 $12,202 $971,004 $742,845 $228,159
2019 $11,728 $951,966 $728,280 $223,686
2018 $11,564 $933,300 $714,000 $219,300
2016 $9,252 $753,315 $345,185 $408,130
2015 $9,118 $742,000 $340,000 $402,000
2014 $9,354 $735,760 $412,472 $323,288
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $1,229,000 +36.6% $446 / Sq Ft
09/08/2020 09/08/20 Sold $900,000 -9.5% $327 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
05/14/2020 05/14/20 Price Changed $995,000 -9.1% $361 / Sq Ft
05/14/2020 05/14/20 For Sale $1,095,000 0.0% $397 / Sq Ft
03/30/2020 03/30/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $1,095,000 +19.7% $397 / Sq Ft
04/28/2017 04/28/17 Sold $915,000 -4.2% $332 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $955,000 0.0% $347 / Sq Ft
09/12/2016 09/12/16 Price Changed $955,000 +4.4% $347 / Sq Ft
08/26/2016 08/26/16 Off Market $915,000 -- --
07/25/2016 07/25/16 For Sale $959,000 +29.2% $348 / Sq Ft
12/22/2014 12/22/14 Sold $742,000 0.0% $269 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $742,000 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Gift Deed -- None Listed On Document
Grant Deed $900,000 Fidelity National Title
Grant Deed $915,000 Chicago Title Company
Grant Deed $742,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title Comp
Grant Deed $660,000 Fidelity National Title Comp
Grant Deed $196,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $111,505 FHA
Previous Owner $883,698 FHA
Previous Owner $75,000 Credit Line Revolving
Previous Owner $500,000 Negative Amortization
Previous Owner $236,000 Unknown
Previous Owner $48,900 No Value Available
Previous Owner $176,400 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25110401

California Regional Multiple Listing Service (CRMLS)

APN: 2216-032-014