Seller's Agent in 2015
Cindy Hill
Equity Union
(818) 640-8360
14 in this area
77 Total Sales
14215 Burbank Blvd van Nuys, CA 91401
Van Nuys Neighborhood
3
Beds
3
Baths
4,740
Sq Ft
5,500
Sq Ft Lot
About This Home
As of September 2015pride of ownership 7 unit apartment building located in the affluent neighborhood of Sherman Oaks.
The unit mix consists of (2) two bedroom one bath units, (3) one bedroom one bath units, (1) single, and (1) bachelor. The building is 4,740 square feet and is situated on a 5,500 square foot lot. There is upside in the existing rents. The property is well maintained and upgrades include copper plumbing, a newer roof, new paint, and upgraded electrical. The majority of the units have been upgraded. There is on site laundry machines that are owned by the owner.
The tenants enjoy close proximity to the Sherman Oaks Galleria, Sherman Oaks Fashion Square and Ventura Blvd shopping and upscale restaurants. The property is within close proximity to the 101, 405, and 170 freeways.
An astute investor will enjoy historic low interest rates and the increase in rents over time
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 5,500 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,740 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 146
- Tax Tract Number 7910
- Assessor Parcel Number 2245022031
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- Insurance Expense $2,750
- Maintenance Expense $3,500
- Trash Expense $897
- Water Sewer Expense $3,623
- New Taxes Expense $18,250
- Gross Income $8,007
- Net Operating Income $60,182
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2015 09/30/15 | Sold | $1,460,000 | 0.0% | $308 / Sq Ft |
| 07/22/2015 07/22/15 | Pending | -- | -- | -- |
| 07/09/2015 07/09/15 | For Sale | $1,460,000 | +41.1% | $308 / Sq Ft |
| 07/27/2012 07/27/12 | Sold | $1,035,000 | -1.4% | $218 / Sq Ft |
| 07/10/2012 07/10/12 | Pending | -- | -- | -- |
| 06/27/2012 06/27/12 | For Sale | $1,050,000 | -- | $222 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Cindy Hill
-
A
Seller's Agent in 2012
Alan Friedman
Miller & Desatnik Realty Co.
-
E
Buyer's Agent in 2012
Emilio Baldioli
Nelson Shelton & Associates
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR15116411
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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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