NOT LISTED FOR SALE

13818 Burbank Blvd Sherman Oaks, CA 91401

Estimated Value: $1,750,000 - $2,868,000

8 Beds
4 Baths
4,162 Sq Ft
$592/Sq Ft Est. Value

Last Sold February 23, 2017

Last sale price $1,537,500 $369 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $15,620/month

32 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Gated Community
  • Private Yard
  • Chandler Elementary Rated A-
  • Wood Flooring
  • Beamed Ceilings

About This Home

As of February 2017

5.2% Proforma cap rate, 4.3% at Close of Escrow. Fourplex in prime Sherman Oaks area with great amenities. All Units are large 2 bedroom/1 baths with oak hardwood floors, Central Air & Heat, and dishwashers. Two units have large private, fenced, and locked yards. Two units have high, vaulted, open-beam ceilings. All 4 one-car garages are not rent-controlled, and have huge, immediate upside potential; tenants currently rent them for $10/month. They are outfitted with whisper-quiet openers. Laundry Room is owned by Seller and includes front-load, digital washer and dryer, and individual private laundry lockers for each tenant. Includes two private, locked, and rentable storage rooms, one is large and one is under the outside staircase. Property features gated and locked entry with intercom system. 3 units have newer kitchen & bathroom cabinets, sinks, and countertops. One unit's is all brand new. Largest unit with biggest private yard is vacant for possible owner use. Building has newer, high-quality roof. Separate water meter for landscaping - so there are no sewer charges for landscaping.

Buyer to cooperate with seller in a 1031 exchange, with no expense to the buyer.

Please Do Not Disturb Tenants. Contact agent for more information.

Last Listed By

Baron Schmidt

Ramsey-Shilling Assoc. License #00768896 Listed on: 01/06/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,490

Year Built

  • Built in 1957

Lot Details

  • 6,760 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Block Wall Fence
  • Sprinkler System
  • Private Yard
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Side by Side Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,162 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Sliding Doors
  • Wood Flooring
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, parking fee
  • Tax Lot 2
  • Tax Tract Number 12815
  • Assessor Parcel Number 2247003010

Community Details

Overview

  • 4 Units
  • Valley

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Gardener Expense $720
  • Insurance Expense $2,167
  • Maintenance Expense $1,200
  • Pest Control $1,236
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,500
  • Operating Expense $15,381
  • Gross Income $4,080
  • Net Operating Income $80,043

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,490

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Gated Community
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2247003010
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 369.41
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Side by Side
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Range, Gas Cooktop
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 1236.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn, Lot Over 40000 Sqft, Sprinkler System, Yard
  • Lot Size Sq Ft: 6760.00

Rental Info

  • Garage Rental Rate: 10.00
  • Tenant Pays: All Utilities, Cable TV, Parking Fee

Multi Family

  • Electric Expense: 1200.00
  • Garage Income: 480.00
  • Gross Income: 4080.00
  • Gross Multiplier: 15.70
  • Gross Operating Income: 78243.00
  • Gross Scheduled Income: 95424.00
  • Insurance Expense: 2167.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 80043.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 15381.00
  • Other Income1: 1800.00
  • Other Income2: 600.00
  • Other Income Description: Store Rooms
  • Rent Control: Yes
  • Total Expenses: 15381.00
  • Vacancy Allowance: 2184
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18500.00
  • Tax Census Tract: 1286.02
  • Tax Lot: 2
  • Tax Tract Number: 12815
  • Tax Annual Amount: 7490.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Roohanis Investments Llc
Bought by
Roohani Alireza and Roohani Teresa
Total Days on Market
32
Current Estimated Value
$2,462,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Outstanding Balance
$855,191
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$1,607,215

Purchase Details

Closed on
Apr 3, 2019
Sold by
Roohani Teresa Diane and Roohani Ali Reza
Bought by
Roohanis Investments Llc

Purchase Details

Closed on
Dec 3, 2017
Sold by
Roohani Ali Reza
Bought by
Roohani Ali Reza and Rochani Teresa Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2017
Sold by
Roohani Teresa Diane
Bought by
Roohani Ali Reza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2017
Closed on
Feb 14, 2017
Sold by
Granata Lisa T
Bought by
Rochani Ali Reza
Seller's Agent
Baron Schmidt
Ramsey-Shilling Assoc.
List Price
$1,575,000
Sold Price
$1,537,500
Premium/Discount to List
-$37,500
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
Jan 7, 2009
Sold by
Granata Lisa T
Bought by
The Lisa T Granata Living Trust

Purchase Details

Closed on
Feb 5, 2004
Sold by
Toth Linda S
Bought by
Granata Lisa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 13, 2001
Sold by
Levi Family Partnership Lp
Bought by
Toth Linda S and Granata Lisa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
6.98%

Purchase Details

Closed on
Jan 25, 2001
Sold by
Moss Ann
Bought by
Levi Evan and Levi Miriam

Purchase Details

Closed on
Oct 26, 1999
Sold by
Levy Family Partnership
Bought by
Moss Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.35%

Purchase Details

Closed on
Dec 31, 1998
Sold by
Moss Ann
Bought by
The Ann Moss Trust

Purchase Details

Closed on
Jun 12, 1996
Sold by
Levi Evan and Levi Mia
Bought by
Levi Family Partnership Lp
Source: Public Records

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Range of Values:

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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
Roohani Alireza -- Accommodation
Roohanis Investments Llc -- Old Republic Title Company
Roohani Ali Reza -- Ticor Title Co
Roohani Ali Reza -- First American Title Company
Rochani Ali Reza $1,537,500 Old Republic Title
The Lisa T Granata Living Trust -- None Available
Granata Lisa T -- United Title Company Orange
Toth Linda S -- Fidelity National Title Co
Levi Family Partnership Lp -- Fidelity National Title Co
Levi Evan -- Fidelity National Title Co
Moss Ann -- American Coast Title
The Ann Moss Trust -- --
Levi Family Partnership Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roohani Alireza $945,000
Closed Roohani Ali Reza $965,000
Closed Roohani Ali Reza $945,000
Previous Owner Granata Lisa T $250,000
Previous Owner Granata Lisa T $199,000
Previous Owner Granata Lisa T $619,000
Previous Owner Granata Lisa T $235,000
Previous Owner Granata Lisa T $75,000
Previous Owner Granata Lisa T $60,000
Previous Owner Granata Lisa T $533,500
Previous Owner Toth Linda S $75,000
Previous Owner Toth Linda S $328,500
Previous Owner Moss Ann $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2017 02/23/17 Sold $1,537,500 -2.4% $369 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $1,575,000 -- $378 / 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
2024 $21,563 $1,749,408 $910,262 $839,146
2023 $21,146 $1,715,107 $892,414 $822,693
2022 $20,164 $1,509,600 $897,600 $612,000
2021 $15,795 $1,298,513 $779,108 $519,405
2020 $20,111 $1,631,606 $848,966 $782,640
2019 $19,313 $1,599,615 $832,320 $767,295
2018 $19,174 $1,568,250 $816,000 $752,250
2017 $7,704 $618,055 $235,680 $382,375
2016 $7,490 $605,937 $231,059 $374,878
2015 $7,382 $596,836 $227,589 $369,247
2014 $7,427 $585,145 $223,131 $362,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17003523

California Regional Multiple Listing Service (CRMLS)

APN: 2247-003-010