NOT LISTED FOR SALE

14022 Burbank Blvd Sherman Oaks, CA 91401

12 Beds
8 Baths
5,692 Sq Ft
0.25 Acres

Last Sold August 18, 2017

Last sale price $2,100,000 $369 Per Sq Ft

25 Days on Market

Highlights

  • Corner Lot
  • Chandler Elementary Rated A-
  • Laundry Room

About This Home

As of August 2017

Incredible investment opportunity in Sherman Oaks. 8 units consists of great mix of Four 1- bed/1-bath  and Four 2-bed/1-bath, where five units are completely remodeled, condo style, with new kitchen, hardwood flooring and new vanity and bath. All units offer two entrances from front and back with updated Milgard Vinyl windows, and newer doors. Updated copper plumbing, 9 year old roof, newer attic insulation, newer laundry equipment owned by landlord, abundance of parking, 11 open space and 4 two-car garages with extra income. Easy alley access to parking & building. High cap rate with potential upside rental income.

Last Agent to Sell the Property

Jon Majarian

Exclusive Estate Properties Inc License #01337122 Listed on: 06/01/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is 6-10 Units/Acre

Parking

  • 11 Open Parking Spaces
  • 8 Car Garage

Home Design

  • 5,692 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 10912
  • Assessor Parcel Number 2247007025

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $2,000
  • Trash Expense $1,405
  • Water Sewer Expense $3,000
  • New Taxes Expense $27,000
  • Operating Expense $34,905
  • Gross Income $144,420
  • Net Operating Income $116,595

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2247007025
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 368.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1405.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10971.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1500.00
  • Garage Income: 500.00
  • Gross Income: 144420.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 144420.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3360.00
  • Net Operating Income: 116595.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 1935.00
  • Other Income1: 9000.00
  • Other Income Description: 3 Garages are rented separetly
  • Rent Control: Yes
  • Total Expenses: 34905.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Census Tract: 1286.02
  • Tax Lot: 1
  • Tax Tract Number: 10912

Range of Values:

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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 Change Sq Ft Price
08/18/2017 08/18/17 Sold $2,100,000 -6.7% $369 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $2,250,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Majarian

    Seller's Agent in 2017

    Jon Majarian

    Exclusive Estate Properties Inc

    (818) 254-6024

    7 Total Sales

    Jon Majarian
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,851 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17120081

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Sherman Oaks 91401

14022 Burbank Blvd, Sherman Oaks, CA

This home is located at 14022 Burbank Blvd, Sherman Oaks, CA 91401 since 01 June 2017. This property was built in 1951. 14022 Burbank Blvd is a home located in Los Angeles County with nearby schools including Chandler Elementary, Ulysses S. Grant Senior High School, and Van Nuys Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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