Seller's Agent in 2019
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
102 Total Sales
14161 Erwin St van Nuys, CA 91401
Estimated Value: $1,855,000 - $2,715,000
12
Beds
12
Baths
5,875
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- New Construction
- Open Floorplan
- No HOA
- Van Nuys High School Rated A
- Modern Architecture
- Neighborhood Views
About This Home
As of October 201914161 Erwin is a brand new construction fourplex located in the hottest area of Van Nuys, steps from the Courthouse! This is the only 2019 fourplex available in all of Van Nuys, so act fast! At an impossible to beat price of $2,175,000, this will be gone before you know it. With a conservative projected gross annual income of $151,200, the cap rate comes out to an impressive 5.33%! Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2019 construction!
14161 Erwin is made up of four 3 bed, 3 bath, 3-story, side-by-side townhome style units with spacious floorplans and huge private 2-car garages (8 total spots). Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. Each unit features stainless steel appliances, balconies off the bedrooms, and beautifully designed kitchens and bathrooms.
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 07/16/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2019 | New Construction
Lot Details
- 6,188 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in excellent condition
- Drip System Landscaping
- Level Lot
- Sprinkler System
Parking
- 8 Car Garage
Home Design
- Modern Architecture
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
Interior Spaces
- 5,875 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Recessed Lighting
- Living Room
- Laminate Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- Walk-In Closet
- 12 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 31 / 6
- Tax Tract Number 1200
- Assessor Parcel Number 2240018025
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $1,939
- Maintenance Expense $1,600
- Water Sewer Expense $600
- New Taxes Expense $26,013
- Operating Expense $30,752
- Gross Income $151,200
- Net Operating Income $115,912
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2019
Closed on
Oct 24, 2019
Sold by
Almayo Center Llc
Bought by
Western Equities Inc
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Kyle Mirrafati
Matthews Real Estate Investment Services
List Price
$2,175,000
Sold Price
$2,175,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,000
Avg. Annual Appreciation
0.54%
Purchase Details
Listed on
May 30, 2018
Closed on
Aug 22, 2018
Sold by
Verdi Mehran
Bought by
Almayo Center Llc
Seller's Agent
Petra Sutter
Beverly and Company, Inc.
Buyer's Agent
Petra Sutter
Beverly and Company, Inc.
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
164.86%
Original Mortgage
$487,500
Interest Rate
4.5%
Purchase Details
Listed on
May 30, 2018
Closed on
Jun 28, 2018
Sold by
Pineda Amadeo
Bought by
Verdi Mehran and Verdi Jacklin
Seller's Agent
Petra Sutter
Beverly and Company, Inc.
Buyer's Agent
Petra Sutter
Beverly and Company, Inc.
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.5%
Purchase Details
Closed on
Jan 27, 2005
Sold by
Pineda Minan
Bought by
Pineda Amadeo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 20, 1997
Sold by
Ward Maude P Decd Est Of
Bought by
Pineda Amadeo and Pineda Mirian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,267
Interest Rate
8.13%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Western Equities Inc | $2,175,000 | North American Title Company | |
| Almayo Center Llc | -- | Accommodation | |
| Verdi Mehran | $650,000 | North American Title | |
| Pineda Amadeo | -- | United Title Co Orange | |
| Pineda Amadeo | $65,000 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Verdi Mehran | $487,500 | |
| Previous Owner | Pineda Amadeo | $110,000 | |
| Previous Owner | Pineda Amadeo | $65,267 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2019 10/31/19 | Sold | $2,175,000 | 0.0% | $370 / Sq Ft | |
| 07/18/2019 07/18/19 | Pending | -- | -- | -- | |
| 07/16/2019 07/16/19 | For Sale | $2,175,000 | +234.6% | $370 / Sq Ft | |
| 08/03/2018 08/03/18 | Sold | $650,000 | +0.2% | $451 / Sq Ft | View Prior Sale |
| 06/01/2018 06/01/18 | Pending | -- | -- | -- | |
| 05/30/2018 05/30/18 | For Sale | $649,000 | -- | $450 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,652 | $2,378,677 | $1,306,905 | $1,071,772 |
| 2024 | $28,652 | $2,332,037 | $1,281,280 | $1,050,757 |
| 2023 | $28,096 | $2,286,311 | $1,256,157 | $1,030,154 |
| 2022 | $26,789 | $2,241,482 | $1,231,527 | $1,009,955 |
| 2021 | $26,445 | $2,197,532 | $1,207,380 | $990,152 |
| 2019 | $7,918 | $650,000 | $505,400 | $144,600 |
| 2018 | $4,844 | $397,887 | $226,692 | $171,195 |
| 2016 | $4,618 | $382,440 | $217,891 | $164,549 |
| 2015 | $4,551 | $376,697 | $214,619 | $162,078 |
| 2014 | $4,571 | $369,319 | $210,415 | $158,904 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2019
Ian Maddox
Myunits.com Inc.
(818) 859-7242
63 Total Sales
-
Kyle Mirrafati
Buyer's Agent in 2019
Kyle Mirrafati
Matthews Real Estate Investment Services
(866) 889-0550
23 Total Sales
-
Petra Sutter
P
Seller's Agent in 2018
Petra Sutter
Beverly and Company, Inc.
(818) 762-3040
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB19168755
APN: 2240-018-025
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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