NOT LISTED FOR SALE

14031 Bessemer St van Nuys, CA 91401

1 Bed
1 Bath
11,344 Sq Ft
0.31 Acres

Last Sold June 30, 2014

Last sale price $2,250,000 $198 Per Sq Ft

56 Days on Market

Highlights

  • Automatic Gate
  • 0.31 Acre Lot
  • Laundry Room
  • Van Nuys High School Rated A
  • Traditional Architecture
  • Central Heating and Cooling System

About This Home

As of June 2014

Well kept 15 unit apartment building in Van Nuys with full occupancy! This property is in great condition and has tons of improvement opportunity. 11-1 bedrooms, 3-2 bedrooms, and 1 studio. Gated parking, owned laundry, very low maintenance, partially upgraded interiors, and much more.

Last Agent to Sell the Property

Brandon Montemayor

RE/MAX of Santa Clarita License #01316056 Listed on: 04/01/2014

RE/MAX of Santa Clarita

Last Buyer's Agent

Brandon Montemayor

RE/MAX of Santa Clarita License #01316056 Listed on: 04/01/2014

RE/MAX of Santa Clarita

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Block Wall Fence

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 11,344 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 20 Parking Spaces
  • Parking Available
  • Automatic Gate

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 6369
  • Assessor Parcel Number 2239014020

Community Details

Overview

  • 15 Units

Building Details

  • 15 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Gardener Expense $720
  • Insurance Expense $4,200
  • Trash Expense $1,260
  • Water Sewer Expense $13,800
  • Gross Income $15,385
  • Net Operating Income $120,027

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.46
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Automatic Gate
  • Water Sewer Expenses: 13800.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2239014020
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 198.34

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Trash Expense: 1260.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 13499.00
  • Lot Size Acres: 0.3100

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 15385.00
  • Gross Multiplier: 11.92
  • Gross Scheduled Income: 184620.00
  • Insurance Expense: 4200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 13499.0000 Square Feet
  • Net Operating Income: 120027.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 52823.00
  • Rent Control: No

Tax Info

  • Tax Lot: 48
  • Tax Tract Number: 6369
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
06/30/2014 06/30/14 Sold $2,250,000 +2.3% $198 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $2,199,900 -- $194 / 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
2025 $34,261 $2,758,182 $1,593,618 $1,164,564
2024 $34,261 $2,704,101 $1,562,371 $1,141,730
2023 $57,761 $4,664,075 $2,798,446 $1,865,629
2022 $55,099 $4,572,624 $2,743,575 $1,829,049
2021 $54,403 $4,482,966 $2,689,780 $1,793,186
2019 $30,742 $2,472,561 $1,428,591 $1,043,970
2018 $45,911 $3,716,925 $2,370,213 $1,346,712
2016 $43,816 $3,572,594 $2,278,176 $1,294,418
2015 $43,182 $3,518,931 $2,243,956 $1,274,975
2014 $19,234 $1,467,719 $478,201 $989,518
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14066330

California Regional Multiple Listing Service (CRMLS)