NOT LISTED FOR SALE

14141 Gault St van Nuys, CA 91405

Estimated Value: $1,106,000 - $1,260,000

5 Beds
3 Baths
2,014 Sq Ft
$574/Sq Ft Est. Value

Last Sold March 11, 2020

Last sale price $835,000 $415 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,915/month

6 Days on Market

Highlights

  • Detached Guest House
  • Wood Flooring
  • Neighborhood Views
  • Van Nuys High School Rated A
  • Private Yard
  • Laundry Room

About This Home

As of March 2020

2 HOMES ON ONE LOT! Don's miss out! Welcome to this outstanding & newly remodeled 3 bedroom 2 bath family home with a private 2 bedroom 1 bath ADU with its own address. This is one you can't miss! With its ideal location, this property is situated just a short distance from park, schools, public transport, restaurants and shopping. Welcome home to this gorgeous and renovated property nestled in Van Nuys. Enjoy a sense of peace and tranquility throughout this uniquely charming yet stylish house. Entering the living area you will find light filled interiors with breezy ambiance, fresh decor and a cozy fireplace. The kitchen is a statement in style without sacrificing on function with quartz counters, back splash and functional appliances. The bedrooms are cozy, and the natural light that flows through makes a comfortable and relaxing personal space. This fabulous home has great street appeal with modern and stylish landscaped gardens. Offering a unique opportunity for the astute investor or owner occupier, this home offers a 2 bedroom & 1 bath with its own kitchen & in unit laundry. Front home has the possibility to rent for $3,200/month, while the legal (ADU) has the possibility to rent for $2,300/month, for a combined total of $66,000 a year! Additional features include central heat & AC, wood laminate floors, recessed lighting, minutes from shops, & easy access to 405 freeway!

Last Agent to Sell the Property

Fernando Garcia

Park Regency Realty License #01917125 Listed on: 01/24/2020

Park Regency Realty

Last Buyer's Agent

Justin Smith

Berkshire Hathaway HomeService License #02018210

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,750 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Private Yard
  • Back Yard

Home Design

  • Duplex

Interior Spaces

  • 2,014 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Tandem Uncovered Parking
  • Paved Parking

Additional Features

  • Exterior Lighting
  • Detached Guest House
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 17917
  • Assessor Parcel Number 2217022012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,360
  • Trash Expense $470
  • New Taxes Expense $9,278
  • Operating Expense $13,108
  • Gross Income $52,892
  • Net Operating Income $52,892

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 6.61
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2217022012
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 414.60
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Other Structures: Guest House Detached
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Tandem Uncovered

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet, In Kitchen, Inside
  • Sewer: Public Sewer
  • Trash Expense: 470.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Rectangular Lot, Yard
  • Lot Size Sq Ft: 7750.00
  • Lot Size Acres: 0.1779

Multi Family

  • Gross Income: 52892.00
  • Gross Multiplier: 12.10
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 3360.00
  • Lot Size Area: 7750.0000 Square Feet
  • Net Operating Income: 52892.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13108.00
  • Rent Control: Yes
  • Total Expenses: 13108.00

Tax Info

  • New Taxes Expense: 9278.00
  • Tax Census Tract: 1279.10
  • Tax Lot: 16
  • Tax Tract Number: 17917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Feb 25, 2020
Sold by
F A Realty Group
Bought by
Bianco James O
Seller's Agent
Fernando Garcia
Park Regency Realty
Buyer's Agent
Justin Smith
Berkshire Hathaway HomeService
List Price
$799,900
Sold Price
$835,000
Premium/Discount to List
$35,100
4.39%
Current Estimated Value
$1,155,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,496
Avg. Annual Appreciation
5.68%
Original Mortgage
$668,000
Outstanding Balance
$589,057
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$566,439

Purchase Details

Closed on
Nov 10, 2019
Sold by
Garcia Angel F
Bought by
F A Realty Group Llc

Purchase Details

Closed on
May 14, 2019
Sold by
Fergar Coporation
Bought by
Garcia Angel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 8, 2018
Sold by
Garcia Angel F
Bought by
Fergar Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2018
Sold by
Ferger Corp
Bought by
Garcia Angel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2018
Sold by
Reyes Angela
Bought by
Garcia Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2018
Closed on
May 22, 2018
Sold by
Butler Michelle
Bought by
Fergar Corp
Seller's Agent
Fernando Garcia
Park Regency Realty
Buyer's Agent
Fernando Garcia
Park Regency Realty
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$465,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2017
Sold by
Cash John C
Bought by
Cash John C and The John C Cash Revocable Living Trust

Purchase Details

Closed on
Sep 18, 2006
Sold by
Cash John C and Cash Thelma
Bought by
Cash John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2006
Sold by
Cash John C and Cash Thelma
Bought by
Cash John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2004
Sold by
Cash John Chapman and Cash Thelma
Bought by
Cash John Chapman
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Bianco James O $835,000 Lawyers Title
F A Realty Group Llc -- Accommodation
Garcia Angel F -- Stewart Title Of Ca Inc
Garcia Angel F -- Stewart Title Of California
Fergar Corp -- Equity Title Company
Garcia Angel F -- Equity Title
Garcia Angel -- Equity Title
Fergar Corp -- Equity Title
Fergar Corp $500,000 Lawyers Title
Cash John C -- None Available
Cash John C -- Security Union Title
Cash John C -- Accommodation
Cash John C -- Fidelity National Title Co
Cash John Chapman -- --
Cash John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bianco James O $668,000
Previous Owner Garcia Angel F $608,000
Previous Owner Fergar Corp $470,000
Previous Owner Garcia Angel F $470,000
Previous Owner Fergar Corp $465,000
Previous Owner Cash John C $238,500
Previous Owner Cash John C $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2020 03/11/20 Sold $835,000 +4.4% $415 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $799,900 +60.0% $397 / Sq Ft
06/27/2018 06/27/18 Sold $500,000 0.0% $369 / Sq Ft View Prior Sale
05/31/2018 05/31/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $500,000 -- $369 / 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 $10,978 $913,188 $629,281 $283,907
2024 $10,978 $895,284 $616,943 $278,341
2023 $10,764 $877,731 $604,847 $272,884
2022 $10,262 $860,522 $592,988 $267,534
2021 $10,161 $843,650 $581,361 $262,289
2020 $7,172 $577,320 $346,800 $230,520
2019 $6,232 $510,000 $357,000 $153,000
2018 $1,468 $114,887 $39,897 $74,990
2016 $1,386 $110,428 $38,349 $72,079
2015 $1,366 $108,770 $37,773 $70,997
2014 $1,380 $106,641 $37,034 $69,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20017632

California Regional Multiple Listing Service (CRMLS)

APN: 2217-022-012