NOT LISTED FOR SALE

Estimated Value: $1,022,000 - $1,145,000

5 Beds
3 Baths
2,014 Sq Ft
$538/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2020

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

Est. 30% increase in value since last sale

Current estimated payment $6,881 / mo

6 Days on Market

Highlights

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

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

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
  • Laundry in Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

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

Amenities

  • Laundry Facilities

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

7,750 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Feb 25, 2020
Sold by
Bought by
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
$1,084,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,415
Avg. Annual Appreciation
4.14%
Original Mortgage
$668,000
Outstanding Balance
$589,057
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$495,358

Purchase Details

Closed on
Nov 10, 2019
Sold by
Bought by

Purchase Details

Closed on
May 14, 2019
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by
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
9.95%
Original Mortgage
$465,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2006
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Van Nuys, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$835,000 Lawyers Title
-- Accommodation
-- Stewart Title Of Ca Inc
-- Stewart Title Of California
-- Equity Title Company
-- Equity Title
-- Equity Title
-- Equity Title
$500,000 Lawyers Title
-- None Available
-- Security Union Title
-- Accommodation
-- Fidelity National Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $668,000
Previous Owner $608,000
Previous Owner $470,000
Previous Owner $470,000
Previous Owner $465,000
Previous Owner $238,500
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,188 $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

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