NOT LISTED FOR SALE

14154 Sylvan St van Nuys, CA 91401

Estimated Value: $1,268,000 - $1,651,000

7 Beds
4 Baths
3,464 Sq Ft
$427/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $1,050,000 $303 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,943/month

12 Days on Market

About This Home

As of May 2019

We are pleased to present a four unit multifamily property located in Van Nuys, California. Situated at 14154 Sylvan Street, north of Oxnard Street and west of Hazeltine Avenue, the property is well positioned in the heart of Van Nuys.Constructed in 1927, the property sits in a strong rental pocket and has a strong unit mix of one (1) one bedroom/ one bathroom unit, two (2) two bedroom/ one bathroom units, and one (1) two bedroom/ one bathroom house. Tenants enjoy having spacious units, easy access to local entertainment, and a quick drive to commuting routes.Well positioned in a good Van Nuys location, the subject property offers dominant access to numerous entertainment possibilities, which presents a special opportunity for an investor to capitalize on tremendous upside in a designated Opportunity Zone.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 04/10/2019

Co-Listed By

Filip Niculete

Marcus & Millichap License #01905352

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 8,750 Sq Ft Lot

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2240-018-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3464
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 310.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 377400
  • Assessed Land Value: 520200
  • Assessor Parcel Number: 2240-018-003
  • Geocode Override: No
  • Lot Size Area: 8750

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.85
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 7, 2019
Sold by
Barry And Helene Laufman Trust
Bought by
Samit 126 Oz Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$1,075,000
Sold Price
$1,050,000
Premium/Discount to List
-$25,000
-2.33%
Current Estimated Value
$1,480,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,780
Avg. Annual Appreciation
5.32%

Purchase Details

Closed on
Jul 15, 2015
Sold by
Shorvoghlian Souren and Shorvoghilan Ani
Bought by
Barry & Helene Laufman Trust

Purchase Details

Closed on
Aug 26, 2014
Sold by
265 Kempton Villa Llc
Bought by
Shorvoghlian Souren and Shorvoghlian Ani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2013
Closed on
Jun 26, 2013
Sold by
Shorvoghlian Souren and The Shorvoghlian Family Trust
Bought by
265 Kempton Villa Llc
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$400,000
Sold Price
$487,000
Premium/Discount to List
$87,000
21.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%

Purchase Details

Listed on
Apr 1, 2013
Closed on
May 30, 2013
Sold by
The Bank Of New York Mellon
Bought by
Shorvoghlian Souren and The Shorvoghlian Family Trust
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$400,000
Sold Price
$487,000
Premium/Discount to List
$87,000
21.75%

Purchase Details

Closed on
Jan 11, 2011
Sold by
Northland Carolyn
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jul 8, 2005
Sold by
Northland Roland J
Bought by
Northland Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2000
Sold by
Lopez Ramona
Bought by
Northland Roland J and Northland Carolyn

Purchase Details

Closed on
Jan 13, 2000
Sold by
Lopez Ramona
Bought by
Hamilton Enterprises
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Samit 126 Oz Llc $1,050,000 North American Title Company
Barry & Helene Laufman Trust $880,000 Fidelity National Title Co
Shorvoghlian Souren -- Wfg Title Company
265 Kempton Villa Llc -- None Available
Shorvoghlian Souren $487,004 Landsafe Title
The Bank Of New York Mellon $384,300 None Available
Northland Carolyn -- --
Northland Roland J $10,000 --
Hamilton Enterprises -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shorvoghlian Souren $630,000
Previous Owner Northland Carolyn $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2019 05/22/19 Sold $1,050,000 -2.3% $303 / Sq Ft
04/10/2019 04/10/19 For Sale $1,075,000 +120.7% $310 / Sq Ft
06/19/2013 06/19/13 Sold $487,000 +21.8% $160 / Sq Ft View Prior Sale
04/16/2013 04/16/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $400,000 -- $132 / Sq Ft
Source: The MLS

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 $14,405 $1,171,289 $702,774 $468,515
2024 $14,405 $1,148,324 $688,995 $459,329
2023 $14,132 $1,125,809 $675,486 $450,323
2022 $13,485 $1,103,736 $662,242 $441,494
2021 $13,311 $1,082,095 $649,257 $432,838
2020 $13,443 $1,071,440 $642,600 $428,840
2019 $11,556 $934,302 $541,216 $393,086
2018 $11,365 $915,992 $530,604 $385,388
2016 $10,825 $880,000 $510,000 $370,000
2015 $6,285 $498,984 $307,383 $191,601
2014 $6,330 $489,210 $301,362 $187,848
Source: Public Records

Agents Affiliated with this Home

  • Jason Tuvia

    Seller's Agent in 2019

    Jason Tuvia

    Marcus & Millichap

    (818) 212-2700

    4 in this area

    111 Total Sales

    Jason Tuvia
    Section Image
  • Filip Niculete

    Seller Co-Listing Agent in 2019

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    12 in this area

    103 Total Sales

    Filip Niculete
    Section Image
  • Brad Korb

    Seller's Agent in 2013

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    10 in this area

    354 Total Sales

    Brad Korb
    Section Image
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Map

Source: The MLS

MLS Number: 19-454008

The MLS

APN: 2240-018-003

California Los Angeles County Van Nuys 91401

14154 Sylvan St, Van Nuys, CA

Not Listed for Sale

MultiFamily

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