NOT LISTED FOR SALE

14147 Moorpark St Sherman Oaks, CA 91423

Estimated Value: $1,743,000 - $2,422,000

6 Beds
5 Baths
3,163 Sq Ft
$666/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $1,750,000 $553 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $13,127/month

Highlights

  • Laundry Room
  • Van Nuys High School Rated A
  • Central Heating and Cooling System

About This Home

As of February 2020

This private gated fourplex was recently renovated from top to bottom complete with permits including Seismic Retrofit completed as well. The property features 4 fully remodeled units, 4-car garage, updated electrical panels and sub-panels, new roof, new laminate flooring, new Central AC/Heat for each unit, recessed lighting throughout, new interior & exterior paint, new windows throughout, tankless water heaters, and much more. The front 2 bedroom unit has a fireplace, laundry in unit, and its own private backyard. There is a laundry room with coin operated machines (owned not leased) for the other 3 units. Walking distance to local shopping, restaurants, & Ventura Blvd. This property is the perfect turn key investment!!! (One unit will be delivered vacant)

Last Agent to Sell the Property

Gerard Balian

Beverly and Company, Inc. License #01935630 Listed on: 12/02/2019

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,743

Year Built

  • Built in 1956

Lot Details

  • 5,714 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,163 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 391
  • Tax Tract Number 9275
  • Assessor Parcel Number 2265021030

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $2,000
  • Trash Expense $500
  • Water Sewer Expense $548
  • New Taxes Expense $22,500
  • Operating Expense $17,183
  • Gross Income $98,820
  • Net Operating Income $81,637

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,743

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 3235733004
  • Property Attached: No
  • Water Sewer Expenses: 548.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2265021030
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 553.27

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Dryer Included, In Closet, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5714.00
  • Lot Size Acres: 0.1312

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 98820.00
  • Gross Scheduled Income: 97380.00
  • Insurance Expense: 2000.00
  • Laundry Income: 1440.00
  • Lot Size Area: 5714.0000 Square Feet
  • Net Operating Income: 81637.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17183.00
  • Rent Control: Yes
  • Total Actual Rent: 8115.00
  • Total Expenses: 17183.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Census Tract: 1412.01
  • Tax Lot: 391
  • Tax Tract Number: 9275

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2022
Sold by
Nalbandyan and Armine
Bought by
14147 Moorpark Street Llc
Current Estimated Value
$2,108,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,263,590
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$819,432

Purchase Details

Closed on
Sep 9, 2020
Sold by
Nalbandyan Akop and Nalbandyan Armine
Bought by
14147 Moorpark Street Llc

Purchase Details

Listed on
Dec 2, 2019
Closed on
Jan 15, 2020
Sold by
Shishmanian Arthur and The Arthur Shishmanian Revocab
Bought by
Nalbandyan Akop and Nersisyan Armine
Seller's Agent
Gerard Balian
Beverly and Company, Inc.
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.18%
Original Mortgage
$1,312,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2018
Sold by
Shishmanian Arthur
Bought by
Shishmanian Arthur and Shishmanian Arthur Shishmanlan

Purchase Details

Closed on
Oct 12, 2016
Sold by
Kayayan Gary
Bought by
Shishmanian Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2016
Sold by
Kayayan Gary
Bought by
Kayayan Gary and Shishmanian Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2010
Sold by
Shishmanian Arthur and Shishmanian Tika
Bought by
Kayayan Gary

Purchase Details

Closed on
Jan 24, 2007
Sold by
Kayayan Gary
Bought by
Kayayan Gary

Purchase Details

Closed on
May 16, 2005
Sold by
Kohler Millie
Bought by
Kayayan Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
14147 Moorpark Street Llc -- Lawyers Title
14147 Moorpark Street Llc -- None Available
Nalbandyan Akop -- None Available
Nalbandyan Akop -- None Available
Nalbandyan Akop $1,750,000 Lawyers Title Company
Shishmanian Arthur -- None Available
Shishmanian Arthur -- Ticor Title Co
Kayayan Gary -- None Available
Kayayan Gary -- None Available
Kayayan Gary -- None Available
Kayayan Gary $925,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nalbandyan Akop $1,350,000
Previous Owner Nalbandyan Akop $1,312,500
Previous Owner Shishmanian Arthur $483,000
Previous Owner Kayayan Gary $740,000
Closed Kayayan Gary $92,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $1,750,000 -5.4% $553 / Sq Ft
01/09/2020 01/09/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $1,850,000 -- $585 / 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 $22,743 $1,894,254 $1,028,309 $865,945
2024 $22,743 $1,857,113 $1,008,147 $848,966
2023 $22,303 $1,820,700 $988,380 $832,320
2022 $21,263 $1,785,000 $969,000 $816,000
2021 $21,214 $1,768,130 $959,842 $808,288
2020 $13,718 $1,114,267 $742,845 $371,422
2019 $13,176 $1,092,420 $728,280 $364,140
2018 $13,062 $1,071,000 $714,000 $357,000
2016 $7,758 $626,980 $408,901 $218,079
2015 $7,647 $617,563 $402,759 $214,804
2014 $7,693 $605,467 $394,870 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19273693

California Regional Multiple Listing Service (CRMLS)

APN: 2265-021-030