NOT LISTED FOR SALE

14207 Calvert St van Nuys, CA 91401

Estimated Value: $1,078,000 - $1,166,000

5 Beds
3 Baths
2,210 Sq Ft
$503/Sq Ft Est. Value

Last Sold January 05, 2016

Last sale price $621,000 $281 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,604/month

Highlights

  • Cooling System Mounted To A Wall/Window
  • Van Nuys High School Rated A
  • Wall Furnace

About This Home

As of January 2016

MUST SEE INCOME GENERATING TRI-PLEX IN VAN NUYS. ONE OF THE UNITS IS 1 BD/1 BATH; THE OTHER TWO UNITS ARE 2 BD/1 BATH. THE 2 BD/1 BATH UNITS HAVE BEEN REMODELED WITH WITH NEW KITCHENS, GRANITE COUNTERTOPS, HARDWOOD FLOORS, NEW WINDOWS AND NEWER BATHROOMS. THERE IS A SEPARATE STRUCTURE WHICH HOUSES ONE CAR GARAGES FOR EACH RESPECTIVE UNIT. ALL THREE UNITS ARE OCCUPIED WITH HIGH RENTS BEING PAID MONTHLY. THE TENANTS ARE COOPERATIVE AND PAY THEIR RENTS ON TIME EACH MONTH. SELLERS ARE RELATED TO LISTING AGENT. BUYER TO INVESTIGATE AND VERIFY ALL SQUARE FOOTAGE AND PERMITS WITH THE CITY/COUNTY. PLEASE NOTE THAT THE PREVIOUS OWNER OBTAINED PLANS FOR THIS TRIPLEX TO BE CONVERTED TO 9 UNITS. HUGE POTENTIAL IF YOU WANT TO UNDERTAKE SUCH A PROJECT.

Last Agent to Sell the Property

Ajkop Gevorkyan

Modern Real Estate Inc. License #01451519 Listed on: 08/10/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,134

Year Built

  • Built in 1951

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,210 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 1200
  • Assessor Parcel Number 2240021014

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $40
  • Insurance Expense $960
  • Maintenance Expense $400
  • Water Sewer Expense $900
  • New Taxes Expense $338
  • Gross Income $3,590
  • Net Operating Income $36,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,134

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 2240021014
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 281.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 7502.00
  • Price Per Lot Square Foot: 82.78
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 3590.00
  • Gross Scheduled Income: 43092.00
  • Insurance Expense: 960.00
  • Lot Size Area: 7502.0000 Square Feet
  • Maintenance Expense: 400.00
  • Net Operating Income: 36696.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6396.00
  • Rent Control: Yes
  • Total Actual Rent: 3590.00

Tax Info

  • New Taxes Expense: 338.00
  • Tax Lot: 19
  • Tax Tract Number: 1200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Dec 31, 2015
Sold by
Afari Arash S
Bought by
Archer Real Estate Holdings Llc
Seller's Agent
Ajkop Gevorkyan
Modern Real Estate Inc.
List Price
$670,000
Sold Price
$621,000
Premium/Discount to List
-$49,000
-7.31%
Current Estimated Value
$1,110,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,810
Avg. Annual Appreciation
6.10%
Original Mortgage
$465,750
Outstanding Balance
$369,186
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$741,624

Purchase Details

Listed on
Aug 10, 2015
Closed on
Dec 17, 2015
Sold by
Gevorkyan Gevork
Bought by
Afari Arash S
Seller's Agent
Ajkop Gevorkyan
Modern Real Estate Inc.
List Price
$670,000
Sold Price
$621,000
Premium/Discount to List
-$49,000
-7.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,750
Outstanding Balance
$369,186
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$741,624

Purchase Details

Closed on
Dec 10, 2009
Sold by
Koko Rashidat
Bought by
Gevorkyan Gevork and Gevorkyan Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2005
Sold by
Khoshkhoo Lotfali
Bought by
Koko Rashidat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 2004
Sold by
Khoshkhoo Lotfali
Bought by
Khoshkhoo Lotfali and Movahed Zahra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2000
Sold by
Reynosa Yesenia
Bought by
Khoshkhoo Lotfali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
11.25%

Purchase Details

Closed on
Mar 9, 2000
Sold by
Khoshkhoo Lotfali
Bought by
Khoshkhoo Lotfali and Movahed Zahra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.99%

Purchase Details

Closed on
Jun 8, 1999
Sold by
Reynoso Yesenia
Bought by
Carrillo Gino and Reynoso Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
9.25%

Purchase Details

Closed on
Oct 25, 1995
Sold by
Larry Merton Enterprises Inc
Bought by
Reynosa Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.58%

Purchase Details

Closed on
Aug 15, 1995
Sold by
Merton Larry P
Bought by
Larry Merton Enterprises Inc

Purchase Details

Closed on
May 11, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Merton Larry P and Masis Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.43%

Purchase Details

Closed on
Apr 18, 1995
Sold by
American Svgs Bank Fa
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.43%

Purchase Details

Closed on
Apr 15, 1994
Sold by
N A Mtg Services Inc
Bought by
American Svgs Bank Fa and American Svgs Bank
Source: Public Records

Range of Values:

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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
Archer Real Estate Holdings Llc -- None Available
Afari Arash S $621,000 California Title Company
Gevorkyan Gevork $325,000 Security Union Title
Koko Rashidat $499,000 First American Title Company
Khoshkhoo Lotfali -- Ticor
Khoshkhoo Lotfali $196,000 Benefit Land Title Company
Khoshkhoo Lotfali -- Benefit Land Title Company
Khoshkhoo Lotfali -- United Title Company
Carrillo Gino -- American Title
Reynosa Yesenia $165,000 --
Larry Merton Enterprises Inc -- --
Merton Larry P $90,000 --
Masis Orlando -- --
Federal Home Loan Mortgage Corporation -- First American Title Company
American Svgs Bank Fa $164,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afari Arash S $465,750
Previous Owner Gevorkyan Gevork $227,500
Previous Owner Koko Rashidat $399,200
Previous Owner Khoshkhoo Lotfali $304,000
Previous Owner Khoshkhoo Lotfali $156,800
Previous Owner Khoshkhoo Lotfali $162,500
Previous Owner Carrillo Gino $157,250
Previous Owner Reynosa Yesenia $132,000
Previous Owner Merton Larry P $80,000
Closed Koko Rashidat $99,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2016 01/05/16 Sold $621,000 -7.3% $281 / Sq Ft
11/08/2015 11/08/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $670,000 -- $303 / 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 $9,134 $735,130 $441,552 $293,578
2024 $9,134 $720,717 $432,895 $287,822
2023 $8,962 $706,586 $424,407 $282,179
2022 $8,555 $692,733 $416,086 $276,647
2021 $8,445 $679,151 $407,928 $271,223
2019 $8,199 $659,229 $395,830 $263,399
2018 $8,014 $646,308 $388,069 $258,239
2016 $4,474 $354,378 $185,368 $169,010
2015 $4,411 $349,056 $182,584 $166,472
2014 $4,444 $342,220 $179,008 $163,212
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Ajkop Gevorkyan

    Modern Real Estate Inc.

    (818) 767-1400

    1 in this area

    1 Total Sale

    Ajkop Gevorkyan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15175550

California Regional Multiple Listing Service (CRMLS)

APN: 2240-021-014

California Los Angeles County Van Nuys 91401

14207 Calvert St, Van Nuys, CA

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