NOT LISTED FOR SALE

14215 Burbank Blvd van Nuys, CA 91401

Van Nuys Area
3 Beds
3 Baths
4,740 Sq Ft
5,500 Sq Ft Lot

Sale Details

Date Sold: September 30, 2015

Last sale price $1,460,000 $308 Per Sq Ft

13 Days on Market

About This Home

As of September 2015

pride 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

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 07/09/2015

Equity Union
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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,500 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Water Sewer Expenses: 3623.00
  • Property Type: Residential Income
  • Parcel Number: 2245022031
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 308.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 897.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1260

Multi Family

  • Gross Income: 8007.00
  • Gross Multiplier: 15.20
  • Gross Scheduled Income: 96084.00
  • Insurance Expense: 2750.00
  • Lot Size Area: 5500.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 60182.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 33078.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 18250.00
  • Taxes Percent: 1.25
  • Tax Lot: 146
  • Tax Tract Number: 7910
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Guedikian Dory
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$607,521
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2015
Closed on
Sep 10, 2015
Sold by
Guedikian Salpi Margaret
Bought by
Guedikian Dory
Seller's Agent
Cindy Hill
Equity Union
List Price
$1,460,000
Sold Price
$1,460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2015
Sold by
Moss Dennis F
Bought by
Guedikian Dory and Guedikian Mari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 27, 2012
Closed on
Jul 11, 2012
Sold by
Valhalla Investments Llc
Bought by
Moss Dennis F and Moss Jody Helft
Seller's Agent
Alan Friedman
Miller & Desatnik Realty Co.
Buyer's Agent
Emilio Baldioli
Nelson Shelton & Associates
List Price
$1,050,000
Sold Price
$1,035,000
Premium/Discount to List
-$15,000
-1.43%

Purchase Details

Closed on
Mar 5, 2008
Sold by
Chenson Raymond R
Bought by
Valhalla Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
5.72%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
Guedikian Dory -- Western Resource Title Co
Guedikian Mari -- Western Resources Title Co
Guedikian Dory $1,460,000 Western Resources Title Co
Moss Dennis F $1,035,000 North American Title Company
Valhalla Investments Llc $990,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $635,000
Previous Owner Guedikian Dory $720,000
Previous Owner Valhalla Investments Llc $565,000
Previous Owner Valhalla Investments Llc $575,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $20,236 $1,650,246 $989,230 $661,016
2025 $20,236 $1,617,889 $969,834 $648,055
2024 $20,006 $1,586,167 $950,818 $635,349
2023 $20,901 $1,661,227 $910,262 $750,965
2022 $19,949 $1,628,655 $892,414 $736,241
2021 $19,696 $1,596,721 $874,916 $721,805
2019 $19,119 $1,551,013 $848,966 $702,047
2018 $19,017 $1,520,634 $832,320 $688,314
2016 $18,130 $1,460,000 $800,000 $660,000
2015 $13,370 $1,060,470 $717,227 $343,243
2014 $13,451 $1,039,698 $703,178 $336,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15116411

California Regional Multiple Listing Service (CRMLS)
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